GlobeNewswire by notified

Valmet to supply a board machine rebuild to Umka in Serbia

Share

Valmet Oyj’s press release on January 27, 2020 at 11:00 a.m . EET

Valmet will supply a board machine rebuild to Umka Cardboard Mill in Serbia. The main target of the rebuild is to increase the customer’s production capacity. The start-up of the rebuilt paper machine PM 1 is scheduled for the second half of 2021.

The order is included in Valmet's orders received of the fourth quarter 2019. The value of the order will not be disclosed. The total value of an order of this type is typically around EUR 15-20 million.

"This rebuild is one of the most important strategic decisions we have made in the course of 80 years long history of the mill. We are pleased that this project is going to be completed by Valmet, a global leader in the supply of process technology in the paper industry. I strongly believe in the success and bright future of Umka Cardboard Mill, with planned capacity of over 200,000 tonnes, further quality improvements and wider product portfolio,” says Milos Ljusic, Managing Director of Umka.

"The co-operation between Valmet’s and Umka’s teams has been excellent. Together, we built up a solution which will help Umka increase production capacity and improve their end product quality," says Pekka Turtinen, Senior Sales Manager at Valmet.

Improved production capacity

Valmet's delivery will include major changes in the wet end of the paper machine PM1 with broke collection, approach flow system and three OptiFlo Foudrinier headboxes to meet the growing productivity and quality requirements of high-quality board machine, as well as an OptiFormer Multi forming section with multiple foudriniers and modifications in the press section.

The delivery will also include an OptiCoat Layer curtain coating station with supply system and an OptiDry Turn air dryer and an OptiWin Drum two-drum winder. Related spare parts and paper machine clothing for start-up and Valmet DNA Machine Controls System will also be included. A two-year Valmet Performance Center on-demand expert support will further help Umka to reach its targets.

The 3,700-mm-wide (wire) PM1 will produce white lined chipboard grades with a basis weight range of 160-450 g/m2. The design speed of the new parts will be 440 m/min. The daily design capacity will be approximately 620 tonnes.

Information about the customer Umka

Umka Cardboard Mill has been a part of KappaStar Group since its privatization in 2003. Mill’s production capacity is currently 130,000 tonnes per year. Umka exports over 80% of its production to over 30 European countries. The most important export markets are Poland, Hungary, Romania and Russia. Umka’s cardboard is widely used in the manufacturing of cardboard packaging for the food, confectionery, pharmaceutical, chemical, tobacco, textile, and automotive industries, as well as for spare parts production within the machine industry. It is also used for lamination in the manufacture of transport packaging.

To view this piece of content from ml-eu.globenewswire.com, please give your consent at the top of this page.

Umka’s and Valmet’s teams at the Umka 80-year anniversary celebration. From left: Kari Räisänen (Valmet), Milos Ljusic (Umka), Jadranka Priljeva (Umka), Staniša Lukić (Umka), Nikola Pejović (Umka) and Pekka Turtinen (Valmet)

For further information, please contact:
Kari Räisänen, Sales Director, EMEA and North America, Board and Paper Mills, Valmet, tel. +358 40 518 0567
Bill Woodburn, Senior Manager, Key Accounts, Sales Development & Support, EMEA, Valmet, tel. +44 7730528196

VALMET
Corporate Communications

Valmet is the leading global developer and supplier of process technologies, automation and services for the pulp, paper and energy industries. We aim to become the global champion in serving our customers. 
  
Valmet's strong technology offering includes pulp mills, tissue, board and paper production lines, as well as power plants for bioenergy production. Our advanced services and automation solutions improve the reliability and performance of our customers' processes and enhance the effective utilization of raw materials and energy.  
  
Valmet's net sales in 2018 were approximately EUR 3.3 billion. Our more than 13,000 professionals around the world work close to our customers and are committed to moving our customers' performance forward - every day. Valmet's head office is in Espoo, Finland and its shares are listed on the Nasdaq Helsinki.  
  
Read more  www.valmet.com www.twitter.com/valmetglobal   

Processing of personal data 

Attachment

To view this piece of content from www.globenewswire.com, please give your consent at the top of this page.

About GlobeNewswire by notified

GlobeNewswire by notified
GlobeNewswire by notified
One Liberty Plaza - 165 Broadway
NY 10006 New York

https://notified.com

GlobeNewswire by notified is one of the world's largest newswire distribution networks, specializing in the delivery of corporate press releases financial disclosures and multimedia content to the media, investment community, individual investors and the general public.

Subscribe to releases from GlobeNewswire by notified

Subscribe to all the latest releases from GlobeNewswire by notified by registering your e-mail address below. You can unsubscribe at any time.

Latest releases from GlobeNewswire by notified

Update on the acquisition of a block of 71.9% of Believe's share capital and launch of a simplified tender offer for 100% of Believe's share capital.19.4.2024 08:18:00 CEST | Press release

Following the favourable reasoned opinion issued by Believe's Board of Directors, the Consortium confirms its firm and definitive acquisition of nearly 72% of Believe's share capital;All conditions precedent have been definitively fulfilled and the transfer of these shares is firm and irrevocable;This acquisition will be followed by the filing of a simplified tender offer by the Consortium for the remaining shares of Believe, at a price of €15 per share, representing a premium of 43.8% over the volume-weighted average share price of the 30 trading days preceding the announcement of the offer, and at the same price as that obtained by the sellers of the majority blocks; The consortium made up of the EQT X investment fund, the investment funds managed by TCV and the founder and CEO of Believe, Denis Ladegaillerie (the "Consortium") reminds that on 11 February 2024 it entered into agreements with certain historical shareholders of Believe (TCV, XAnge, Ventech and Denis Ladegaillerie) to a

Prosafe SE: Operational Update - April 202419.4.2024 08:13:21 CEST | Press release

Fleet utilization for Q1 2024 was 56 percent. Safe Notos and Safe Zephyrus had utilization of 100 percent in Q1 2024 while Safe Eurus had utilization of 95 percent. Safe Concordia had utilization of 100 percent in Q1 2024 and received 95% day rate until 01 February due to crane repair. Safe Caledonia is laid up at Scapa Flow in the UK pending future work. Safe Boreas and Safe Scandinavia are laid up in Norway pending future work. Prosafe is a leading owner and operator of semi-submersible accommodation vessels. The company is listed on the Oslo Stock Exchange with ticker code PRS. For more information, please refer to https://www.prosafe.com Stavanger, 19 April 2024 Prosafe SE For further information, please contact: Terje Askvig, CEO Phone: +47 952 03 886 Reese McNeel, CFO Phone: +47 415 08 186 This information is subject to the disclosure requirements pursuant to Section 5-12 the Norwegian Securities Trading Act

QPR Software Plc Interim report January–March 202419.4.2024 08:00:00 CEST | Press release

QPR SOFTWARE PLC STOCK EXCHANGE RELEASE 19 April 2024, AT 9.00 AM EET QPR Software Plc's interim report for January-March 2024: SaaS- and software net sales increased. The company's turnaround is progressing according to the strategy, and the first partnership agreements were signed in North America. FINANCIAL DEVELOPMENT BRIEFLY JANUARY-MARCH 2024 SaaS net sales increased by +15%Software net sales increased by +4%Net sales was 1,769 thousand euros, down -21% (January-March 2023: 2, 237) due to company’s discontinuation of consulting outside the core business. EBITDA was 295 thousand euros (-36), a difference of 332 thousand euros from the comparison period The operating profit was 33 thousand euros (-287), a difference 320 thousand euros from the comparison period Profit before taxes was 13 thousand euros (-326), a difference 339 thousand euros from the comparison periodThe result was 13 thousand euros (-331), a difference 344 thousand euros from the comparison period Earnings/share w

SalMar – Integrated annual report 202319.4.2024 08:00:00 CEST | Press release

With reference to the stock exchange notice regarding board approval of final 2023 year-end financial statement on Friday 12 April 2024. Please find attached the 2023 integrated Annual report, including sustainability reporting, for SalMar ASA. The company publishes its annual financial statements also in European Single Electronic Format (ESEF), available as an attachment to this release. On SalMar's website, the renumeration report, TCFD report, GRI index and green bond report for 2023 are also published. For more information, please contact: Håkon Husby, Head of Investor Relations Tel: +47 936 30 449 Email: hakon.husby@salmar.no This information is subject of the disclosure requirements pursuant to section 5-12 of the Norwegian Securities Trading Act. Attachments SalMar Annual Report 2023salmarasa-2023-12-31-en

SalMar – Integrert årsrapport 202319.4.2024 08:00:00 CEST | Pressemelding

Med henvisning til børsmelding vedrørende styrebehandling av endelig årsregnskap for 2023 fredag 12. april 2024. Vedlagt følger SalMar ASA sin integrerte årsrapport, inkludert bærekraftsrapportering, for 2023. Selskapet publiserer også regnskapet på European Single Electronic Format (ESEF), som er vedlagt denne meldingen. På hjemmesiden til SalMar er også lederlønnsrapport, TCFD rapport, GRI index og green bond report for 2023 også publisert. For mer informasjon, kontakt: Håkon Husby, IR-ansvarlig Tel: +47 936 30 449 Email: hakon.husby@salmar.no Denne opplysningen er informasjonspliktig etter verdipapirhandelloven §5-12 Vedlegg SalMar Annual Report 2023salmarasa-2023-12-31-en

HiddenA line styled icon from Orion Icon Library.Eye