Valmet to supply pulp production upgrade technology to PT. Tanjungenim Lestari Pulp and Paper in Indonesia
Valmet Oyj’s press release on July 9, 2020 at 11:00 a.m. EET
Valmet will supply pulp production upgrade technology to PT. Tanjungenim Lestari Pulp and Paper (PT TEL) in Indonesia. The delivery includes an upgrade of continuous cooking system, with a design capacity of 1,800 air dried tonnes per day, and two sets of new automatic baling equipment. With the new investments, PT TEL targets to increase its pulp production capability and improve its pulp quality.
The order is included in Valmet's orders received of the second quarter 2020. The value of the order will not be disclosed. An order with this scope of supply and delivery is usually valued in the range of EUR 10-12 million.
“Our target in the cooking system upgrade is to reduce our unit wood consumption by increasing the pulp yield and reducing reject content, to enhance our pulp quality and to lower the specific load on the recovery boiler. By upgrading to Valmet’s latest continuous cooking system we will significantly increase the pulp yield which will reduce our operating costs and allow us to be capable to increase the overall mill pulp production. Moreover, with the two new sets of baling equipment, we aim at improving availability and production stability. We have logically selected the advanced and reliable technology that supports us in achieving our target in this project,” says Hiroyuki Moriyasu, President Director, PT TEL.
“Valmet’s continuous cooking technology fits the customer’s requirement of cost-efficient pulp production with high pulp yield and low reject content, while also ensuring excellent pulp quality. Furthermore, this repeat order of baling machines shows that customer trusts our technology and our previous delivery of three baling machines in 2019 have met the customer’s expectation. We are happy to continue the cooperation with PT TEL,” says Fredrik Wilgotson, Vice President, Pulp and Energy, Asia Pacific, Valmet.
A new Valmet ImpBin will be installed prior to the existing digester vessel, which will be upgraded with Continuous Cooking G3 features.
Information about the delivery
This upgrade project will add the Valmet Continuous Cooking G3 technology to PT TEL’s existing cooking system. A new Valmet ImpBin will be installed prior to the existing digester vessel, which will be upgraded with Continuous Cooking G3 features. ImpBin ensures homogeneous chip steaming and impregnation, which is the key to produce high quality pulp with high pulp yield and low reject content. The upgrade also includes Valmet’s latest technology for chip pumping. The start-up is scheduled for the fourth quarter of 2021.
In addition, the delivery includes a modern Valmet Wire Tyer, which is operated by electrical servo motors, resulting in exact and gentle wire feeding. The Valmet Wire Tyer ensures a reliable system for bale wire application that can process up to 300 bales in an hour. The new baling equipment is scheduled to be delivered in late 2020 and the startup is planned for the first quarter of 2021.
Information about PT. Tanjungenim Lestari Pulp and Paper
PT. Tanjungenim Lestari Pulp and Paper (PT TEL), a subsidiary of Marubeni Corporation, produces high-quality, bleached-hardwood kraft pulp with 100 percent plantation grown Eucalyptus Pellita and Acacia mangium trees.
For further information, please contact:
Fredrik Wilgotson, Vice President, Pulp and Energy, Asia Pacific, Valmet, tel. +66 (61) 3847911
Daniel Ekstam, Sales Manager, Pulp and Energy, Fiber Processing Unit, Valmet, tel. +46 54194644
Philip Reiz, Global Technology Manager, Bale handling, Valmet, tel. +4660165705
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 2019 were approximately EUR 3.5 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.
One Liberty Plaza - 165 Broadway
NY 10006 New York
GlobeNewswire 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
Subscribe to all the latest releases from GlobeNewswire by registering your e-mail address below. You can unsubscribe at any time.
Latest releases from GlobeNewswire
Avance Gas Holding Ltd - Notice of Annual General Meeting 202010.8.2020 19:16:03 CEST | Press release
Bermuda, 10 August 2020 - Avance Gas Holding Ltd (the "Company") annouces that its 2020 Annual General Meeting will be held on August 31, 2020. A copy of the Notice of Annual General Meeting and associated information including the Company's Consolidated Financial Statements for 2019 can be found on our website at www.avancegas.com and attached to this press release. For further queries, please contact: Peder C. G. Simonsen, interim CEO and CFO Tel: +47 22 00 48 15 Email: firstname.lastname@example.org ABOUT AVANCE GAS Avance Gas operates in the global market for transportation of liquefied petroleum gas (LPG). The Company is one of the world's leading owners and operators of very large gas carrier (VLGC), and operates a fleet of fourteen modern ships and two Dual Fuel LPG newbuildings due for delivery in 2021 and 2022. For more information about Avance Gas, please visit: www.avancegas.com. This information is subject to the disclosure requirements pursuant to Section 5-12 the Norwegian Secu
GOGL – Notice of Annual General Meeting 202010.8.2020 19:00:00 CEST | Press release
Golden Ocean Group Limited (the “Company”) announces that its 2020 Annual General Meeting will be held on August 31, 2020. A copy of the Notice of Annual General Meeting and associated information including the Company`s Consolidated Financial Statements on Form 20-F for 2019 can be found on our website at www.goldenocean.bm and in the links below. August 10, 2020 The Board of Directors Golden Ocean Group Limited Hamilton, Bermuda This information is subject to the disclosure requirements pursuant to Section 5-12 the Norwegian Securities Trading Act Attachments GOGL - 2019 Form 20-FGOGL - Notice of Annual General Meeting 2020
FRO - Notice of Annual General Meeting 202010.8.2020 18:59:56 CEST | Press release
Frontline Ltd. (the “Company”) announces that its 2020 Annual General Meeting will be held on August 31, 2020. A copy of the Notice of Annual General Meeting and associated information including the Company’s Annual Report on Form 20-F for 2019 can be found on our website at www.frontline.bm and attached to this press release. August 10, 2020 The Board of Directors Frontline Ltd. Hamilton, Bermuda This information is subject to the disclosure requirements pursuant to section 5 -12 of the Norwegian Securities Trading Act. Attachments FRO - 2019 Annual Report on Form 20-FFRO - Notice of Annual General Meeting 2020
Updated: Verisk Launches EHR Triage Engine to Help Speed Approval of Life Insurance Applications10.8.2020 18:57:23 CEST | Press release
Powered by Consumer-Authorized Electronic Health Records, Verisk’s Innovative Solution Can Help Streamline Underwriting Decisions Jersey City, NJ, Aug. 10, 2020 (GLOBE NEWSWIRE) -- Verisk Launches EHR Triage Engine to Help Speed Approval of Life Insurance Applications Powered by Consumer-Authorized Electronic Health Records, Verisk’s Innovative Solution Can Help Streamline Underwriting Decisions JERSEY CITY, N.J., August 10, 2020 — Verisk (Nasdaq:VRSK), a leading data analytics provider, announced today the launch of its new EHR Triage Engine, a tool that uses data from consumer-authorized electronic health records (EHRs) to help life insurers fast-track many applications for coverage—potentially cutting decision time from weeks to minutes. The EHR Triage Engine bypasses manual workflows, leveraging advanced predictive analytics and automation to digitally ingest and analyze EHRs. The tool can evaluate 95,000 impairments in five minutes or less, so life insurers can qualify as much as
EVS Broadcast Equipment reports update of share buyback program10.8.2020 17:45:00 CEST | Press release
Publication on August 10, 2020, after market closing Regulated information – reporting share buyback EVS Broadcast Equipment S.A.: Euronext Brussels (EVS.BR), Bloomberg (EVS BB), Reuters (EVSB.BR) EVS reports update of share buyback program EVS Broadcast Equipment reports that the following transactions, conducted within the framework of the share buyback program announced on May 6, 2020, took place between August 3, 2020 and August 7, 2020. DateNumber of shares acquiredAverage price (EUR)Highest price (EUR)Lowest price (EUR)Total (EUR)03/08/20201,98815.147215.2615.02 30,113 04/08/20202,19815.250515.3815.10 33,521 05/08/20202,16915.088615.1815.00 32,727 06/08/20202,14015.009315.1214.80 32,120 07/08/20201,88615.084615.1615.00 28,450 Total10,381 15.1170 15.38 14.80 156,930 As of August 7, 2020, and since the start of the buyback program, EVS has bought 136,971 shares at an average price of EUR 15,6646, representing in total EUR 2,145,601. After aforementioned transactions the total numbe
TOUAX SCA announces that its subsidiary Touax Rail Ltd successfully signed a €81.9 million capital increase to accelerate the development of its freight railcar division in Europe and Asia10.8.2020 17:45:00 CEST | Press release
PRESS RELEASE Paris, August 10th, 2020. 5:45pm YOUR OPERATIONAL LEASING SOLUTION FOR SUSTAINABLE TRANSPORTATION TOUAX SCA announces that its subsidiary Touax Rail Ltd successfully signed a €81.9 million capital increase to accelerate the development of its freight railcar division in Europe and Asia Touax SCA announces today that its subsidiary Touax Rail Limited has entered into a final agreement with DIF Capital Partners to increase its capital by €81.9 million to accelerate the development of its long term leasing activities of freight wagons in Europe and Asia. Touax SCA will remain the main shareholder holding 51% of the capital and 49% will be owned by its new partner DIF Capital Partners, through its DIF Core Infrastructure Fund II. The transaction will be immediately accretive for Touax Rail Limited as proceeds will be used on the one hand to buy out minority shareholders in two special purpose companies owning c. 4,000 platforms and in Touax Rail India Limited, and to finance