Valmet and Pesmel deepen cooperation in roll handling technology

Valmet Corporation's press release on March 12, 2014 at 12:00 p.m. EET

Valmet deepens its over 20 year's cooperation with Pesmel along its latest business reorganization. According to the signed cooperation agreement, Pesmel will act in the future as Valmet's exclusive contract supplier in roll handling, packing, and storing technology. Pesmel will take full responsibility of Valmet's roll handling and packing systems, R&D, manufacturing, and system deliveries. Valmet will continue roll handling and packing systems sales as part of its project sales under the Valmet brand; and Pesmel will start the sales of Valmet products as part of its project sales through its own sales channels under the Pesmel brand.

Pesmel's organization and current product portfolio matches well with Valmet's roll handling business. Pesmel's strong engineering resources will set a good basis for the development of Valmet OptiWrap product family in the future. "Pesmel's first roll handling deliveries with Valmet technology are already going on," says Valmet's Paper Mills Business Unit President Kari Nettamo. Along with the responsibilities, key resources have been transferred to Pesmel's payroll.

According to Pesmel's President and CEO Tony Leikas, both parties see the deepened cooperation as a unique chance to improve their market position. "Together these companies form the strongest player in roll handling business with a wide product portfolio. Contract supplying is expected to increase the paper segment business and to also create new prospects for the TransRoll® high rise storage concept."

VALMET CORPORATION
Corporate Communications

Further information, please contact:
Tony Leikas, President and CEO, Pesmel Oy, tel. +358 20 700 9710
Kari Nettamo, Paper Mills Business Unit, Valmet Corporation, tel. +358 40 759 4465

Pesmel Oy is an international expert in material handling. Company's highly automated handling, packing and storaging systems improve the internal logistics of the mills as well as the product quality. Pesmel's two main customer groups are metal and paper industry.

During nearly four decades, Pesmel has delivered over 400 handling and packing projects and approximately 120 storage systems. The company employs over 150 professionals, of which abt. 100 are situated in Finland.

Read more www.pesmel.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.

Read more www.valmet.com, www.twitter.com/valmetglobal