Valmet to deliver boiler plant to Raahen Voima

Valmet Corporation's press release on May 21, 2014 at 11:45 a.m. EET

Valmet will supply a boiler plant to Raahen Voima, located in Raahe, Finland. The value of the order is around EUR 30 million. The order is included in Valmet's second quarter 2014 orders received.

Valmet's delivery is part of Raahen Voima's EUR 121 million investment to renew the power plant at the Raahe steel works.

The boiler plant with a steam capacity of 141 megawatts (MW) will be built adjacent to Ruukki's Raahe steel works and will partially replace an existing power plant. The new plant will use blast furnace gas and coke gas from the steel works as its fuel. Continuous incineration is required in order to secure uninterrupted steel production. Secondary fuels used in the new plant will be propane or natural gas and light fuel oil.

The boiler plant is designed to meet the lowest possible environmental impacts, and the technology meets the limits set out in the EU's new Industrial Emissions Directive. Special attention is also paid to the fuel flexibility required by the process changes of the steel works.

"The renewal of the old power plan has been under planning for a long time, and as the old equipment is coming to the end of its operating life, it is necessary to renew the equipment. By building a new power plant we can increase the energy and cost efficiency of the whole plant. Valmet is a trusted Finnish partner for us, and is a known supplier of boiler plant technology," comments Pekka Inkala, CEO of Raahen Voima.

Raahen Voima in brief

Raahen Voima is a joint venture recently established by Ruukki Metals Oy and EPV Energia Oy with the purpose of providing Raahe's steel works with electricity and steam. Ruukki owns 75% of the new company and EPV Energia 25%. www.ruukki.com, www.epv.fi.

VALMET CORPORATION
Corporate Communications

Further information, please contact:
Jari Niemelä, Director, Project Sales, EMEA, Pulp and Energy business line, Valmet,
tel. +358 50 317 8050, jari.niemela@valmet.com

Valmet Corporation is a leading global developer and supplier of services and technologies for the pulp, paper and energy industries. Our 11,000 professionals around the world work close to our customers and are committed to moving our customers' performance forward - every day.

Valmet's services cover everything from maintenance outsourcing to mill and plant improvements and spare parts. Our strong technology offering includes entire pulp mills, tissue, board and paper production lines, as well as power plants for bio-energy production.

The company has over 200 years of industrial history and was reborn through the demerger of the pulp, paper and power businesses from Metso Group in December 2013. Valmet's net sales in 2013 were approximately EUR 2.6 billion. Valmet's objective is to become the global champion in serving its customers.

Valmet's head office is in Espoo, Finland and its shares are listed on the NASDAQ OMX Helsinki Ltd.