Lee & Man Paper Manufacturing Co., China, has ordered a new coated cartonboard production line from Metso, Finland, for its Hongmei mill in Guangdong province, China. Startup of the new production line is scheduled for the end of 2011. The value of the order is not disclosed, but according to Metso, the typical value of a board production line of this type is about EUR 70-90 million, depending on the scope of delivery and production output.
Metso's delivery will include a complete white lined chipboard machine, from four-ply multi-fourdrinier forming section to winder, with related air systems.
Lee & Man Paper Manufacturing Co., Ltd. is one of China's largest paper and pulp producers and it currently employs more than 7,000 people. In 2009 the company had a combined production capacity of close to 4.5 million metric tpy of paper and 300,000 metric tpy of pulp. In the financial year ending March 2010, the Group's net sales amounted to about EUR 1.3 million.
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