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PulPaper - visions of the future through innovations

Next spring, PulPaper will bring the world’s best experts together in Helsinki to explore digitalisation, biorefinery development and breakthrough innovations. The seminars will feature top international speakers from Japan, North America and other parts of the world, as well as renowned Finnish business leaders and researchers. PulPaper 2018 will be held at Messukeskus Helsinki, Expo and Convention Centre from 29 to 31 May.

The theme of the event is “Visit tomorrow today.” This refers to new innovations and technologies that the forest industry can harness to evolve in the digitalising world. During the event, the two-day Pulpaper Conference will be held from 30 to 31 May. More than 40 Finnish and international experts, researchers and company representatives are scheduled to give presentations at this top seminar. The conference will consist of keynote speeches for all participants and a selection of themed conference programmes.

The first keynote speaker will be Maria Strömme, Professor of Nanotechnology at Uppsala University, who will envision innovative products of the future. The second keynote speech will be given by Ilkka Hämälä, the next President and CEO of Metsä Group. He will describe how the new bioproduct mill in Äänekoski integrates the traditional pulp industry with the manufacture of new bioproducts.

After these keynote speeches, which are intended for everyone, attendees can choose from a range of interesting themed conference programmes that will be held concurrently. The themes include breakthrough innovations in the industry, biorefinery development, changes in consumer behaviour and the opportunities ushered in by digitalisation. Researchers will present current research results and company representatives will tell about how innovations are harnessed in business operations.

2017-12-19 

The Management Board and Supervisory Board of Arctic Paper S.A. have adopted a decision to launch an investment project at Arctic Paper Kostrzyn with the aim of expanding the capacity at the mill. The investment, estimated at EUR 10m, will be financed with funds from tranche B of the investment loan from the EBRD. Completion of the project is planned for the first half of 2019.
After the investment, the Arctic Paper Kostrzyn mill will increase its annual production capacity to 315,000 tonnes of fine paper, compared with 285,000 tonnes today, an increase of over 10%.
Apart from expanding its capacity, the planned investment will increase the resource and operating efficiency of the Kostrzyn mill. It will increase the competitiveness of the Group’s products and influence the Group’s future operational results.
Per Skoglund, CEO of Arctic Paper S.A., said, “We have a strong belief in the future and see business opportunities in profitable segments of the fine paper market. With the investment planned at Arctic Paper Kostrzyn we are further strengthening the capacity and operating efficiency at our biggest paper mill, to serve our customers even better.”
Arctic Paper Kostrzyn manufactures high quality uncoated, wood-free paper under the Amber brand. The mill is the largest manufacturer of offset paper in Poland, and the second largest manufacturer of graphic paper.

2017-12-19 
BillerudKorsnäs sees continued strong market development for the products from the new board machine, but expects higher investment costs

Updated estimates show that the investment costs for BillerudKorsnäs’ new board machine in Gruvön may increase by approximately 20 percent compared to previously announced investment cost of a total of SEK 5.7 billion.

The increase of the investment is mainly due to higher costs for the construction work. The production on the new machine is still expected to start during the first quarter of 2019.

"The cost increase is of course not good, and we have worked very hard throughout the project to keep the budget for the project. Unfortunately, we have had a difficult development on the construction side, which will lead to an increase of the investment. We are still seeing a strong development in the liquid packaging segment and other packaging materials that will be manufactured on the machine. We are convinced that we will be perfectly positioned to satisfy global demand in this market with this investment”, says Christer Simrén, BillerudKorsnäs, Senior Vice President and COO.

2017-12-19 
Ahlstrom-Munksjö Oyj: Appointment in the Executive Management Team

Thomas Wulkan has been appointed Executive Vice President, Business Area Decor and member of Ahlstrom-Munksjö’s Executive Management Team. Thomas Wulkan will join Ahlstrom-Munksjö on January 1, 2018, and will report to Jan Åström, President and CEO.

Thomas Wulkan’s previous experience includes various positions in General Management, Business Development and Finance within Svenska Cellulosa Aktiebolaget SCA, during 1992-2016. Most recently he served as President Business Unit Middle East, India and Africa, before that as President Business Unit Personal Care Europe (2009-2011) and as President Business Unit Americas (2006-2008).

"I’m very happy to welcome Thomas to our team. With his strong background and long experience from the paper industry, he will be an excellent driving force for the further development of our decor paper business, contributing to Ahlstrom-Munksjö’s continued success and growth", says Jan Åström, President and CEO.

Norbert Mix, current Executive Vice President, Business Area Decor, will leave this position and the Executive Management Team as of January 1, 2018.

“I would like to warmly thank Norbert Mix for having headed the decor business for Ahlstrom-Munksjö and its predecessors for many years and strongly contributed in building our position as world-leading within decor paper." says Jan Åström, President and CEO.

2017-12-19 
Launch of sale process for Norske Skog AS

Norske Skog AS has appointed Evercore Partners International LLP (Evercore) to act as its financial adviser in connection with a sale of Norske Skog AS and its subsidiaries (the Norske Skog group’s operating businesses) by way of a competitive sale process which will commence imminently. A range of bidders will be invited to participate in the competitive sale process.
Norske Skog group’s seven paper mills will continue as normal, and our customers, suppliers and other business partners will continue to receive high quality products and services from Norske Skog without interruption throughout the competitive sale process. Any parties, including any existing Norske Skog investors, together with any corporates or financial investors, which are interested in participating in the sale process are invited to contact Evercore as soon as possible to indicate their interest.

2017-12-19 
Valmet to supply three moisturizer systems to SCG Packaging in Thailand

Valmet will supply three Valmet IQ Moisturizer systems to Siam Kraft Industry Co., Ltd and Thai Cane Paper Public Co., Ltd. Both companies are under SCG Packaging in Thailand. Three moisturizers with moisture CD control will be installed at PM6 and PM7 at Wangsala mill and PM11 at Prachinburi mill. With the new solution, the mills will be able to improve the board quality on paper machines.

The order is included in Valmet’s fourth quarter of 2017 orders received. The value of the order will not be disclosed. The deliveries are expected to take place during the first two quarters of 2018.

The order is a natural continuation after Valmet IQ Moisturizers’ success at SCG Packaging’s other paper machines.

"We expect to improve the CD moisture 2-sigma variation at least by 40%, which is quite challenging. Other mills in our group that have been equipped with the latest Valmet moisturizer solution, such as Siam Kraft’s PM1, PM3, PM5, PM8, PM16, PM17 and mill at Thai Paper Glassine, have been satisfied with Valmet IQ Moisturizer’s performance. We believe this latest solution will help us to improve the moisture profiles overall and increase the production," says Mr. Suteephong Sumphaophok, Manager, Plant Reliability and Engineering, Siam Kraft Industry Co., Ltd.

"SCG Packaging has trusted Valmet’s moisturizer technology in various other projects we have done over the years. The repeat order of these three moisturizers show that our performance has met the customer need and they continue to invest in technology and service they trust," says Hannu Yrjölä, Sales & Service Manager, South East Asia, Automation, Valmet.

Technical information about Valmet IQ Moisturizer

Valmet IQ Moisturizers are part of the Valmet IQ product family for monitoring and optimizing process performance and end-product quality.

Valmet IQ Moisturizer is the industry’s most advanced family of moisturizing systems. The air-atomized micro-droplet nozzle, combined with a linear water control valve and an electromechanical actuator with position feedback, is an application-matched solution for all paper and board makers for moisture profile improvement, curl control and moisture level increase.

2017-12-19 
Valmet to supply key solutions for three containerboard machines in China

 Valmet will supply board machine key technology and machine control systems for three new containerboard machines in China. Two of the machines will be producing liner and one will be producing fluting. The start-ups of the machines are scheduled for 2019.

The orders are included in Valmet’s fourth quarter of 2017 orders received. The value of the order will not be disclosed. Typically, a project of this type and scope is valued at EUR 30-40 million.

"In containerboard manufacturing, headbox and press section are one of the most important key technologies to secure high production quality. Our expertise and our smooth project execution capabilities convinced the customer to choose Valmet to supply these key technologies for its three new containerboard machines," comments Timo Saresvuo, Senior Sales Manager from Valmet.

Valmet’s delivery for the new containerboard machines will include altogether six new headboxes and three press sections. For the liner board machines, OptiFlo Fourdrinier headboxes were selected for improved product quality and increased productivity and two OptiPress Linear double-nip press sections with linear web run for excellent end product properties, high dewatering capacity and good runnability. The delivery for the machine producing fluting includes an OptiFlo Fourdrinier headbox and a center roll based OptiPress Center press section with shoe press technology. All the delivered machinery will be equipped with Valmet DNA machine control system.

2017-12-18 
President and CEO Nico Delvaux to assume CEO position outside Metso

Metso’s President and CEO Nico Delvaux has decided to resign and assume the position of President and CEO of ASSA ABLOY AB. He will leave his duties in Metso on June 18, 2018, at the latest.

"The Board of Directors is obviously disappointed that Nico has decided to leave Metso. However, the business plans and organizational changes that have been decided during the fall have the Board’s full support and everybody in Metso will focus on executing these plans going forward. The Board will initiate a search for a new President and CEO," says Mikael Lilius, Chairman of Metso’s Board of Directors.

"I was offered a once-in-a-lifetime opportunity that I could not turn down," says Nico Delvaux. "I have enjoyed my time at Metso and I’m grateful for the Board and all the Metso people for the opportunity to work with them over the past months. Based on my experience, I’m confident that Metso has significant potential to drive profitable growth in line with its strategy."

2017-12-18 
The Ministry of Natural Resources of the Russian Federation Commended Ilim Group for its Environmental Projects

On December 12, the V All-Russian Congress of Environmental Protection and the II Exhibition and Forum ECOTECH in Moscow hosted a ceremony to reward the companies that demonstrated the best results in implementing the Year of Ecology initiatives. Ilim Group received an award from the Ministry of Natural Resources and Environment of the Russian Federation for a proactive environmental policy during the Year of Ecology.

In accordance with the Agreement on Cooperation in the Year of Ecology signed between the Ministry of Natural Resources of the Russian Federation, Federal Agency for Supervision of Natural Resource Management, and Irkutsk and Arkhangelsk Oblast Governments, Ilim Group invetsed in environmental initiatives aimed to mitigate the adverse environmental impact. The total amount of the Company’s environmental investments in 2016-2017 exceeded $51M. The Company performed a rebuild and an upgrade of its gas treatment units and wastewater treatment systems, as well as implemented a waste reduction project.

Ilim Group is committed to consistently reduce its environmental footprint. In 2017, Ilim’s efforts reduced per unit discharge rates by 20%, gross emissions - by 27%, and overall per unit discharge rates across the Company by 9% vs 2013.

2017-12-15 

Asia Pulp & Paper (APP) is pleased to announce that it has signed an agreement with the Singapore Environment Council (SEC) to commence with a pilot audit of one of its supplier concessions, an event that marks the commencement of the assessment process for the enhanced Singapore Green Labelling Scheme (SGLS) certification.

The agreement was signed today by Sinar Mas Group Country President and APP Managing Director, Mr Bernard Tan.

Under the agreement, the enhanced SGLS pilot audit will commence this month, with a full audit to follow. In accordance to the label’s enhanced criteria, APP will provide full disclosure of its supply chain, including those not involved in products sold to Singapore1, for the assessment.

“The signing of this agreement to begin the enhanced SGLS certification process with SEC is the culmination of months of hard work on both sides. It reflects both our belief in the credibility and robustness of the new label and our desire to be recognised under this certification,” said Mr Tan.

He added : “The criteria under enhanced SGLS, including newly introduced requirements for Fire and Peatland Management, sets a higher bar of accountability for companies. We welcome these more stringent requirements and have the utmost confidence that our efforts and investments in combating fire and haze will be recognised.”

APP is one of the largest pulp and paper groups in the world. Over the past two years, the group has invested US$80 million in forest fire containment and haze control, and will continue to invest more in such efforts in the coming years.

2017-12-15 
Stefan Kirschke to be new Körber Chief Financial Officer

Stefan Kirschke was named the new Chief Financial Officer (CFO) at Körber AG, effective December 14, 2017.
Stefan Kirschke succeeds Harald Vogelsang as Group CFO. Vogelsang left the Group on December 14, 2017, by mutual agreement. The Supervisory Board of Körber AG formally adopted this change at its meeting on December 14, 2017.

2017-12-15 
Pro-Gest issues euro 250 million bond following european road show

Bruno Zago (Chief Executive Officer) : « Demand above our expectations, the Group’s results and our growth plans are appreciated by investors »

Ospedaletto d’Istrana (TV), December 8th, 2017 – The Pro-Gest Group – leader in Italy in the production of paper, cardboard and packaging – has concluded a European road show with stops in Milan, London and Paris, which brought the issuance of a € 250 million bond with 7 years duration.

The loan was placed entirely, within a few days, with leading Italian and international professional investors. Demand – which exceeded € 550 million – allowed Pro-Gest to obtain a fixed rate of 3.25%, without the need for collaterals.

The bond issue is aimed at gathering useful resources to carry on the Group’s ambitious expansion project.

“Investors – said Bruno Zago, CEO of the Pro-Gest Group – have shown great appreciation for the Group’s results and development expectations, with particular regard to Cartiera di Mantova’s start-up. This type of financing, aimed mostly at capital expenditures for our core business, will serve to strengthen our leading position in the internal market and to accelerate the growth path to become effectively an international player. »

The transaction involved several international operators and led the Group to obtain official credit ratings from the international rating agencies Standard & Poor’s and Moody’s.

2017-12-15 
Emreser shows its continued confidence in Pasaban for the supply of a paper and board winder

The winder will significantly increase production capacities, helping to improve delivery times for its customers. 

Manipulados Emreser S.L., one of Pasaban’s committed customers, has once again trusted Pasaban for the supply of a BM-2600 board and paper winder. This converter, located in Murcia (Spain), offers solutions aimed at satisfying the carton requirements for the manufacture of all types of casing, display stands and packaged products, amongst others. 

For over 20 years, Pasaban has provided them with the necessary machinery, such as several folio sheeters, in order to offer a high added value product. 

Due to having recently expanded their facilities, they have entrusted us with the design and manufacturing of a winder which will reliably cut their high-quality cartons : folding FBB, craft, recycled, cardboard, coated and liner. 

The winder has a width of 2600 mm and it is designed for cartons from 250 to 500 g/m2. It is prepared to handle both input and output reels of large diameters (2100 mm/1800 mm) at speeds of up to 1500 m/min. And It incorporates an automatic blade positioning system together with the last control improvements developed with the IK4-Tekniker technology centre. 

With this project, we have contributed to Emreser reaching their objective of increasing the factory’s production and, consequentially, improving their delivery times.

2017-12-15 
Kolb intends to buy chemicals firm in Netherlands

KLK announced that its wholly owned subsidiary Kolb Distribution AG had on December 11 entered into an agreement with Elementis plc to acquire Elementis Specialties Netherlands (ESN), located in Delden, the Netherlands. Completion of the sale, which is subject to completion of employee consultation processes, receipt of regulatory clearances and other customary closing conditions, is expected in the first half 2018.
ESN manufactures surfactants and further specialties and will expand the existing Kolb business portfolio in terms of product range and market coverage. The use of the Delden site as another hub for KLK’s market penetration strategy will further accelerate growth in the group’s downstream chemical specialties business in Europe. Upon completion of the proposed acquisition, ESN will continue to supply a range of specialty chemicals to Elementis Specialties Inc under a long-term supply agreement. We are looking forward to the cooperation with our new colleagues striving for positive synergies for the KLK Group’s Oleochemical operation in Europe.

2017-12-15 
Sappi confirms expansion plans for dissolving wood pulp (DWP) capacity

Sappi Limited, the South African based leading global supplier of dissolving wood pulp (DWP), speciality and packaging papers, printing (graphic) papers and biomaterials has confirmed plans and ongoing projects to significantly increase DWP capacity by 2020. In particular, Sappi has started preparatory work for the potential expansion of its Saiccor DWP Mill to ensure that the company would be in a position to increase the mill’s capacity by up to 250,000tpa to meet strong projected demand growth.

Building on the previously announced debottlenecking investments which will increase the Saiccor Mill capacity by 10,000tpa by the end of 2018, work has also started at increasing the chipping capacity and modernising the Saiccor Mill wood yard. The new equipment for the wood yard is scheduled to be delivered and installed at the end of 2018, with start-up planned for January 2019. The wood yard investments will result in cost, quality, environmental and efficiency benefits to the Saiccor Mill and is also a major step towards preparing the Saiccor Mill to expand by a further 250,000tpa.

2017-12-15 
Paper Technology Apprentices graduate at Kemsley Mill

The Paper Technology Apprentices joined the Learning and Development Programme at Kemsley Mill in 2014. Alongside practical experience at Kemsley Mill, the Apprentices studied at The Paper Centre in Gernsbach, Germany, which offers a higher standard of training than is currently available in the UK.

The graduating Apprentices will now progress into full-time roles within Kemsley Mill.

DS Smith is committed to sustaining and further improving the programme. Five more Apprentices are currently studying Paper Technology, with further recruitment planned for the future.

Glenn S Milgate, Operations Development Manager (People & Systems) at Kemsley, added :

The Kemsley Paper Technology Apprenticeship scheme offers a three-year programme in partnership with the Paper Centre at Gernsbach, where the apprentices attend courses 8 weeks per year. The aim of the programme is to produce skilled employees to replace those retiring from mill. The course covers the academic skills required for papermaking, from wood pulping to finished paper. As part of the programme, apprentices also perform practical placements within every area of the mill.

2017-12-15 
Diva Art: Lecta’s New Paperboard for Creativity

Designed for creative uses of graphic and luxury packaging.

Diva Art is a new one-side coated paperboard with an outstanding silk finish noteworthy for its printability and rich color reproduction in offset and digital printing, in addition to its perfect folding characteristics and exceptional resistance to cracking.

Lecta’s Diva Art paperboard offers outstanding finishing and converting properties, and is ideal for a wide range of end uses such as book covers, folders, labels, postcards and greeting cards, as well as packaging for cosmetics, perfumes, premium beverages and chocolates or confectionary.

The Diva Art range is available in substances of 220, 250, 280, 300, 330 and 350 g/m2.

For the launch of this new product and presentation of the versatility of its six substances, Lecta collaborated with six international female artists active in the fashion and cosmetics industries : Eli m. Rufat, Dagna Majewska, Naja Conrad-Hamsen, Marina Esmeraldo, Pascale Pratte and Sofía Bonati.

Using the slogan "Reveal your inner talent with Diva Art", these artists created pieces on Diva Art that represent six different divas with originality and elegance. The pieces feature creative, unexpected finishing such as fluorescent inks, black flocking, dry embossing and gold and metallized stamping that highlight and reveal the hidden details of the works. An open door to an infinite creative world through Diva Art.

2017-12-14 
Antalis launches ‘connected’ PowerCoat Alive paper , a gateway between print, smartphones and the web

Antalis , the leading distributor of paper, visual communication and packaging solutions in Europe, presents its new PowerCoat Alive manufactured by Arjowiggins, a smart paper embedded with NFC (Near Field Communications) technology that allows smartphones to read digital information without needing an app or QR Code. With PowerCoat Alive, Antalis is reinventing paper and adding a new dimension to printing
printing, as printed materials can now provide addition alcontent personalised to each reader.

2017-12-14 
Agreement signed between Lucart and Toscotec for the installation of the new PM12 line at Porcari mill.

Focusing even more on the tissue market : this is the goal of Lucart, leading producer in Europe of MG paper, tissue and airlaid products. Lucart Group is replacing one of the two MG paper PMs installed in 1976 at its Porcari plant in the province of Lucca with a new line manufactured by Toscotec, a multinational company leader in the supply of papermaking plants, machinery and technology.
The new AHEAD-2.0S tissue machine is equipped with the most innovative technological solutions.
The forming section is designed for the future installation of a new system aimed to increase the dry content and thickness of the finished product. The dry section includes the TT DOES solution with the shoe press TT NextPress , a TT SYD-16FT second-generation steel Yankee dryer and high-efficiency hoods that guarantee high quality paper with the lowest possible energy consumption.
The pope reel section, with the new TT REEL-H+, is designed to maintain the characteristics of the sheet, thanks to the use of the core assist drive on the primary and secondary arms. Thanks to this new system by Toscotec, reel change takes place at the maximum operating speed and at full format.

2017-12-14 
Smurfit Kappa’s Performance Packaging technology sets new industry standard

Smurfit Kappa has received the highest seal of approval for its performance packaging technology from a leading European research institution.
The pioneering technology, which Smurfit Kappa invented in 2001, has been endorsed by the Papiertechnische Stiftung (PTS) research and service institute in Germany setting a new industry standard.
PTS assists companies with the development and use of fibre-based materials. The PTS validation means that Smurfit Kappa’s test prototcols is now published as an official Deutsches Institut für Normung (DIN) norm leading to a more scalable and credible approach for corrugated packaging users.

2017-12-14 
Stora Enso refinances its revolving credit facility

Stora Enso has today signed a new EUR 600 million revolving credit facility agreement with a syndicate of 13 banks to refinance its existing EUR 700 million facility. The new facility matures in January 2023 and will be used as a backup for general corporate purposes. The loan has no financial covenants.

BNP Paribas, Citi and SEB acted as Coordinators, Bookrunners and Mandated Lead Arrangers for the facility, while Barclays Bank PLC, Crédit Agricole Corporate and Investment Bank, Deutsche Bank, DBS Bank Ltd, London Branch, DNB Bank ASA, Goldman Sachs, J.P. Morgan Securities plc, National Westminster Bank PLC, Nordea Bank AB (publ) and OP joined in syndication as Mandated Lead Arrangers.

“We are pleased with the continued support and commitment of our relationship banks. Improving the terms of the facility and extending maturity even longer adds flexibility during Stora Enso’s transformation,” says Group Treasurer Martin Ros.

2017-12-14 
Isabelle Margain to succeed Daniel Gomez as ATIP’s new Director

Isabelle Margain will succeed Daniel Gomez as new ATIP’s Director next March. Daniel Gomez, who is going to retire, has managed the French Technical Association of Paper Industry for the last 27 years.
Isabelle Margain is responsible of Developement, Basic Training and Certifications at Unidis (Union intersecteurs papiers-cartons pour le dialogue et l’ingénierie sociale ; The French Union dedicated to dialogue and social engineering within the French Paper Industry). She is also in charge of Afifor (Association Filière Formation), which gathers 14 French Training Centers.

2017-12-12 
Industrial applications of functional nanocelluloses

Charlene Reverdy defended her doctoral thesis at University Grenoble Alpes prepared under the supervision Julien Bras, Associate Professor, and Naceur Belgacem, Professor (Grenoble INP-Pagora / LGP2). She presented the results of her research work entitled Industrial applications of functional nanocelluloses.

The aim of this work is to implement new properties to a paper based material via the use of functional nanocelluloses.
Nanocelluloses are nanoparticles extracted from wood and distinguished in two categories : Cellulose Nanofibrils (CNF) and Cellulose Nanocrystals (CNC).

This work has only been carried out with CNF. The chemical reactivity of CNF was used to functionalize them with organotrialkoxysilanes. The entangled network and highly viscous suspension of CNFs was also used to synthesize silsesquioxane particles with limited size to impart (super)hydrophobic and antimicrobial properties.

Knowledge obtained through the study of model CNF films was then applied to paper based material coating. The functional CNF were evaluated for its use in an antimicrobial, anti-adherent, greaseproof or superhydrophobic paper surface.

2017-12-12 
The Board of Directors of Valmet Oyj decided on a new share-based incentive plan for key employees

The Board of Directors of Valmet Oyj has decided on a new long-term share-based incentive plan for Valmet’s key employees. The aim of the plan is to combine the objectives of the shareholders and the key employees in order to increase the value of the Company in the long run, to commit the key employees to the Company, and to offer them a competitive reward plan based on holding the Company’s shares.

The plan includes three discretionary periods, which are the calendar years 2018, 2019 and 2020. Valmet’s Board of Directors shall decide on the performance criteria and targets in the beginning of each discretionary period. The potential reward from the discretionary period 2018 is based on Valmet’s Comparable EBITA margin and orders received growth (%) of the stable business, that is, the Services and Automation business lines. The potential reward from the discretionary period 2018 will be paid partly in Company shares and partly in cash in 2019. The proportion to be paid in cash is intended to cover taxes and tax-related costs arising from the reward to the key employee.

Furthermore, the members of Valmet’s Executive Team are recommended to own and hold an amount of Company shares equaling to their gross annual base salary (100 percent ownership recommendation).

The rewarded shares may not be transferred during the restriction period, which will end two years from the end of the discretionary period. As a rule, no reward is paid if the key employee’s employment or service at Valmet ends before the reward payment. Should a key employee’s employment or service end during the restriction period, he or she must, as a rule, gratuitously return the shares given as reward to the Company.

The plan is directed to a total of approximately 120 participants, of which 80 are key employees in management positions (including Executive Team members), and 40 are management talents, which is a new target group in Valmet’s share based incentive plan. The total combined reward to be paid based on the plan is capped to an approximate maximum of 586,000 shares in Valmet Oyj, representing the gross reward before the deduction of taxes and tax-related costs arising from the reward.

2017-12-11 

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