Valmet Oyj’s press release on September 9, 2016 at 11:00 a.m. EET
Valmet will supply Cheng Loong Binh Duong Paper Company with key process technology for its new BM 1 containerboard machine to be located in the company’s Ben Cat mill in Binh Duong Province in Vietnam. Valmet’s delivery includes a headbox, forming and press sections, a winder and quality measurement system.
The order is included in Valmet’s third quarter 2016 orders received. The value of the order will not be disclosed. The value of an order of this type is typically EUR 15 – 20 millions.
Cheng Loong decided to invest in this new recycled containerboard mill and box plant aiming to tap into Vietnam’s growing packaging demands. The start-up of the greenfield machine is scheduled for the beginning of 2018.
“The containerboard market is growing globally driven by increasing e-commerce and new packaging applications. Valmet has developed a number of excellent solutions to meet the market needs. Energy efficiency, high board quality and very good productivity are among the most important highlights of Cheng Loong’s board machine,” says Jari Vähäpesola, President of Paper Business Line, Valmet.