Valmet to supply a complete boiler plant to Hamburger Hungaria Power in Hungary

Valmet Corporation's press release on May 20, 2014 at 10:00 a.m. EET

Valmet will supply a complete boiler plant to Hamburger Hungaria Power in Dunaujvaros, Hungary. The new plant will provide more sustainable energy production by enabling the use of renewable resources. The value of the order is about EUR 50 million. The order was included in Valmet's first quarter 2014 orders received.

The new power plant will produce electricity and steam for Hamburger Hungaria's containerboard mill that operates two paper machines. It will replace the existing gas-fired boiler plant that produces steam only, and enable Hamburger Hungaria Power to use a wide range of solid fuels, biomass, coal as well as containerboard rejects and sludge, in energy production instead of natural gas. The new boiler plant will go on stream by the end of 2015.

"Hamburger Hungaria has a state-of-the-art paper production, but neither the co-generation potential, nor the energy content of its waste have been utilized so far. These deficits will be corrected by the EUR 150 million power plant project, which will bring the mill to the group of elite also in respect of energy efficiency and waste management. Based on earlier experience, Valmet - as the most important supplier - has a good fit to the challenges of our project," says Dr. Szikla, Managing Director of Hamburger Hungaria Power.

Valmet's delivery will include a complete boiler plant including a CYMIC boiler based on circulating fluidized bed (CFB) technology and flue gas cleaning to ensure low emissions. The boiler will have a capacity of 158 megawatts (MW) of steam at 113 bar, 520 degrees Celcius. The power plant will produce 42 MW of electricity. Valmet's CYMIC boiler combines high-efficiency combustion of various solid fuels with low emissions, even when burning fuels with completely different calorific values at the same time.

Information about Hamburger Hungaria Power

Hamburger Hungaria Ltd is part of Hamburger Containerboard and a leading corrugated base paper manufacturer in Europe. Its two paper machines use about 700,000 tons of waste paper a year. More information on Hamburger Hungaria at www.hamburger-hungaria.com.

VALMET CORPORATION
Corporate Communications

Further information, please contact:
Kai Mäenpää, Vice President, EMEA, Pulp and Energy Business Line, Valmet, tel. +358 10 676 2410

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.