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    VALMT   FI4000074984

VALMET OYJ

(VALMT)
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Delayed Nasdaq Helsinki  -  11:29:54 2023-01-27 am EST
29.12 EUR   +1.61%
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Valmet Oyj : to supply a steam profiler to Zhejiang Jingxing Paperboard Co., Ltd. in China

11/28/2022 | 04:15am EST

Valmet will supply a Valmet IQ Steam Profiler to Zhejiang Jingxing Paperboard Co., Ltd. in China. The system optimizes moisture profile and improves end-product quality.

The order was included in Valmet's orders received of the third quarter 2022. The delivery will take place in the second quarter 2023.

"We have had a very good experience with the Valmet IQ Steam Profiler in the existing production line. It has significantly improved moisture management and product quality. Hence we decided to invest in another one. We are confident that Valmet's proven technology will strengthen our competitiveness in the market," says Xiaodong Qian, General Manager, Industrial paper department, Jingxing Paper.

"We are happy that Jingxing Paper chose Valmet's solution, thanks to earlier successful project execution and user experience. Our advanced technology will help them improve production efficiency and performance," says Liang Zhou, Sales Manager, China, Automation Systems, Valmet.

Information about Valmet's delivery

The Valmet IQ Steam Profileris a multi-zone steambox system that provides unique profiling accuracy through its electromechanical actuator with position feedback. It features advanced steam injection technology that maximizes steam absorption efficiency and temperature increase to improve dryness after the press. Improved dryness saves energy, reduces CO2 emissions and increases production capacity without growing energy consumption.

Information about Zhejiang Jingxing Paper Co., Ltd.

Founded in 1984, Jingxing Paper is one of the largest industrial papermaking enterprises and kraft paperboard manufacturers in China. The company is listed on Shenzhen Stock Exchange. The company has an annual capacity of 1,500,000 tons of paper. Main grades are kraft paper, white craft paper, high strength corrugating medium, cardboard boxes and household paper products.

VALMET  
Corporate Communications 

For further information, please contact:
Zhou Liang, Sales Manager, Automation Systems business line, Valmet, tel. +86 15921770360

Valmet is a leading global developer and supplier of process technologies, automation and services for the pulp, paper and energy industries. With our automation systems and flow control solutions we serve an even wider base of process industries. Our 17,500 professionals around the world work close to our customers and are committed to moving our customers' performance forward - every day.

The company has over 220 years of industrial history and a strong track record in continuous improvement and renewal. In 2022, a major milestone was achieved when the flow control company Neles was merged into Valmet. The combined company's net sales in 2021 was approximately EUR 4.5 billion based on the respective company figures.

Valmet's shares are listed on the Nasdaq Helsinki and the head office is in Espoo, Finland.

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Valmet Oyj published this content on 28 November 2022 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 28 November 2022 09:14:06 UTC.


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Sales 2022 5 089 M 5 525 M 5 525 M
Net income 2022 323 M 351 M 351 M
Net Debt 2022 519 M 563 M 563 M
P/E ratio 2022 15,9x
Yield 2022 4,46%
Capitalization 5 363 M 5 822 M 5 822 M
EV / Sales 2022 1,16x
EV / Sales 2023 1,07x
Nbr of Employees 17 511
Free-Float 83,2%
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Mikael Mńkinen Chairman
Eriikka S÷derstr÷m Independent Director
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