Espoo, Finland 15 June 2016 -- Valmet will deliver a chipping line and defibrator system for MDF (medium-density fiberboard) production to Greenply Industries Ltd's new fiberboard mill in Routhu Suramala, Mandal in Andhra Pradesh state, India. The target is to produce the first MDF board in mid-August 2017.

The order was included in Valmet's first quarter 2016 orders received. The value of the order will not be disclosed. An order with this scope of supply is usually valued in the range of EUR 5-10 million.

"We decided to place the order with Valmet because the solution they offered will minimize our operational costs and secure a high quality end product. Having Valmet equipment at our existing plant, and our positive experience with them, has made us prefer to go with Valmet again for our new plant equipment supply. Valmet's strong service support and domestic presence in India is truly a beneficial factor for Greenply," says Shobhan Mittal, CEO at Greenply.

"We at Valmet offer local services and latest technology to our customers in India. Greenply is an old customer to us, and we highly value the long-term partnership with them. This will be the first time our new drum chipper is installed and we are really excited about that," says Leif Sundberg, Sales Manager at Valmet.

Technical details about the delivery

The delivery includes front end system consisting of a chipping line and a defibrator system. The chipping line is equipped with Valmet's new high capacity drum chipper and a separate line handling the purchased chips. It also includes chip storing, screening, control system, chip washer and a Defibrator system of type EVO 70. The new drum chipper produces uniform chips from for example round wood, waste wood, slabs, trimmings, edges and veneer residuals. With safe and innovative design the machine maintenance is easy and the heavy duty design leads to long operational life time.

About the customer Greenply Industries Limited

GreenPly Industries Limited (GIL) is India's largest interior infrastructure company and count for almost 36% of the organized plywood market in India.

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 2015 were approximately EUR 2.9 billion. Our 12,000 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.