In the third quarter of 2014, international technology Group ANDRITZ showed solid business development in an unchanged challenging economic environment:

• Sales amounted to 1,463.5 MEUR in the third quarter of 2014 and were thus below the level of the previous yearʼs reference period (Q3 2013: 1,534.5 MEUR); the decline of 4.6% is mainly due to a project-related drop in sales in the PULP & PAPER and the METALS business areas. In the first three quarters of 2014, sales of the Group amounted to 4,122.9 MEUR and thus practically reached last year's reference figure (-0.5% versus Q1-Q3 2013: 4,144.6 MEUR).
• The order intake in the third quarter of 2014 amounted to 1,591.5 MEUR, which is 4.3% higher than the very good level in the third quarter of 2013 (1,525.3 MEUR). This positive development is attributable to the METALS business area, where several larger orders were secured in the metalforming (Schuler) and aluminum sectors. In the first three quarters of 2014, the order intake of the Group saw very favorable development: At 4,571.6 MEUR, order intake was 12.8% higher than in the previous year's reference period (Q1-Q3 2013: 4,051.3 MEUR) – with the Schuler Group contributing 916.3 MEUR (Q1-Q3 2013: 657.8 MEUR); however, Schuler was only included in the last year's reference period from March 1, 2013 (date of first-time consolidation). Excluding Schuler, the Group’s order intake would have increased by 7.7%.
• As of September 30, 2014, the order backlog amounted to 7,702.2 MEUR – an increase of 4.2% compared to the end of 2013 (December 31, 2013: 7,388.5 MEUR).
• In the third quarter of 2014, the EBITA amounted to 101.0 MEUR and was thus 44.1% higher than the low level of the previous year's reference period (Q3 2013: 70.1 MEUR), which was impacted negatively by additional costs in the PULP & PAPER and the SEPARATION business areas. The Group's EBITA margin also increased substantially to 6.9% (Q3 2013: 4.6%). In the first three quarters of 2014, the EBITA amounted to 234.4 MEUR (+40.4% versus Q1-Q3 2013: 167.0 MEUR) and the EBITA margin was 5.7% (Q1-Q3 2013: 4.0%).
• The net income of the Group in the first three quarters of 2014 amounted to 123.6 MEUR and was thus significantly higher than the previous yearʼs reference value (Q1-Q3 2013: 78.8 MEUR).

On the basis of this business development, the current order backlog, and the sales contribution by the Schuler Group, which was not included in the accounts for the full twelve months in 2013, ANDRITZ expects a slight rise in sales in the 2014 business year compared to the previous year. A significant improvement is expected in the net income compared to the low level of 2013.

For further information, please contact:
Oliver Pokorny
Head of Corporate Communications Phone: +43 (316) 6902 1332 This email address is being protected from spambots. You need JavaScript enabled to view it.www.andritz.com 

The ANDRITZ GROUP is a globally leading supplier of plants, equipment, and services for hydropower stations, the pulp and paper industry, the metalworking and steel industries, and solid/liquid separation in the municipal and industrial sectors. The publicly listed, international technology Group is headquartered in Graz, Austria, and has a staff of around 24,500 employees. ANDRITZ operates over 250 production sites as well as service and sales companies all around the world. The ANDRITZ GROUP ranks among the global market leaders in all four of its business areas. One of the Group’s overall strategic goals is to strengthen and extend this position. At the same time, the company aims to secure the continuation of profitable growth in the long-term.

Annual and financial reports
The Annual and Financial Reports of the ANDRITZ GROUP are available as PDF for download at www.andritz.com. Printed copies may be requested free of charge from This email address is being protected from spambots. You need JavaScript enabled to view it..

Disclaimer
Certain statements contained in this press release constitute "forward-looking statements”. These statements, which contain the words “believe”, “intend”, “expect”, and words of a similar meaning, reflect the Executive Board’s beliefs and expectations and are subject to risks and uncertainties that may cause actual results to differ materially. As a result, readers are cautioned not to place undue reliance on such forward-looking statements. The company disclaims any obligation to publicly announce the result of any revisions to the forward-looking statements made herein, except where it would be required to do so under applicable law.

Catalyst Paper (TSX:CYT) recorded adjusted earnings before interest, taxes, depreciation and amortization (EBITDA) for the third quarter of $8.0 million compared to $7.1 million in the previous quarter.  Adjusted EBITDA for the year to date was $40.8 million compared to $27.0 million for the corresponding period last year.

Operating results reflect the production and manufacturing cost impact of a total mill outage at the Powell River mill and annual boiler shuts at the Powell River and Port Alberni mills, and lower specialty paper pricing and paper sales volumes due to weakening North American paper demand. This was partly offset by record-setting pulp production in the quarter and significantly reduced pulp manufacturing costs.

The company recorded a net loss of $22.5 million ($1.55 per common share) and a net loss before specific items of $10.8 million ($0.74 per common share) compared to $6.3 million ($0.43 per common share) and $13.6 million ($0.94 per common share), respectively, in the prior quarter. Net earnings this quarter were negatively impacted by a settlement loss on a multi-employer pension plan carried over from the discontinued Snowflake mill of $1.2 million and a foreign exchange loss on the translation of US dollar denominated debt of $12.6 million. Free cash flow for the quarter was negative $8.0 million and liquidity decreased $12.8 million from the prior quarter mostly due to the payment of annual property taxes and insurance premiums.  Free cash flow for the year to date was negative $5.0 million compared to negative $27.3 million for the corresponding period last year.

"The achievement of record pulp productivity in the quarter can be directly attributed to the debottlenecking work completed on the pulp mill in June," said Catalyst President and CEO Joe Nemeth. "With a maintenance-heavy quarter behind us, we are focused on cost-control, watching market demand closely and matching production to our order book."

Purchase of Paper Mills in Maine and Wisconsin

On October 30, 2014, Catalyst Paper entered into an asset purchase agreement with NewPage Corporation, NewPage Wisconsin System Inc. and Rumford Paper Company to acquire the Biron paper mill located in Wisconsin and the Rumford pulp and paper mill located in Maine, USA for consideration of US$74.0 million, subject to certain adjustments (the "Transaction").  The company intends to finance the acquisition through a combination of advances under its asset-based loan facility (ABL Facility) and a US$25 million offering of additional PIK Toggle Senior Secured Notes due 2017 (2017 Notes) to provide additional working capital.  The contemplated Transaction is still pending regulatory approval and is subject to completion of the previously announced acquisition by Verso Paper Corp. of NewPage Holdings Inc. and other customary closing conditions.

Quarter Highlights

On August 29, 2014, the company completed the sale of its interest in PRSC Limited Partnership and PRSC Land Development Ltd., including the repayment of the mortgage receivable, to the Tla'amin First Nation and City of Powell River for proceeds of $3.0 million.

Market Conditions

Specialty paper markets, typically driven by retail flyer and insert demand in the second half of the operating year, declined from the third quarter of 2013. Benchmark prices declined for coated and uncoated papers while remaining flat for directory, newsprint and NBSK pulp compared to the prior quarter.

Outlook

While specialty printing paper markets will remain challenging for the remainder of the year, it is expected that further demand declines will be tempered by recently announced capacity reduction in the North American coated marketplace which is expected to take full effect by the first quarter of 2015.  The company announced price increases for certain lightweight coated grades of US$20 per short ton, effective November 1, 2014, and for soft-calendered A grade (SC-A) of US$40 per short ton, effective December 1, 2014. NBSK pulp is expected to continue trading in a narrow range for the balance of the year.

The company temporarily curtailed one of three paper machines at the Powell River mill for three weeks starting October 31^st, thereby removing approximately 6,500 tonnes of specialty paper grades from the market, to match production with domestic market demand.

If the acquisition Transaction of the paper mills in Maine and Wisconsin is completed, the addition of these mills is expected to increase the company's production capacity by approximately 65 percent or 995,000 tonnes per year.  Efficiencies are expected to be gained as overhead costs will be distributed over a larger production base. Access to new markets and business opportunities is anticipated.

Further Quarterly Results Materials

This release, along with the full annual Management Discussion & Analysis, Financial Statements and accompanying notes are available on our web site at www.catalystpaper.com/Investors. This material is also filed with SEDAR in Canada and EDGAR in the United States.

Catalyst Paper manufactures diverse specialty mechanical printing papers, newsprint and pulp. Its customers include retailers, publishers and commercial printers in North America, Latin America, the Pacific Rim and Europe. With three mills, located in British Columbia, Catalyst has a combined annual production capacity of 1.5 million tonnes. The company is headquartered in Richmond, British Columbia, Canada and is ranked by Corporate Knights magazine as one of the 50 Best Corporate Citizens in Canada.

Research and Markets (http://www.researchandmarkets.com/research/4pdvws/eu_chemical_wood) has announced the addition of the "EU: Chemical Wood Pulp (Dissolving Grades) - Market Report. Analysis and Forecast to 2020" report to their offering.

“EU: Chemical Wood Pulp (Dissolving Grades) - Market Report. Analysis and Forecast to 2020”

The report provides an in-depth analysis of the EU Market of Chemical Wood Pulp (Dissolving Grades). It presents the latest data of the market size and volume, domestic production, exports and imports, price dynamics and turnover in the industry. The report shows the sales data, allowing you to identify the key drivers and restraints. You can find here a strategic analysis of key factors influencing the market. Forecasts illustrate how the market will be transformed in the medium term. Profiles of the leading companies and brands are also included.

Why buy this report?

• Get the full picture of the market
• Assess future market prospects
• Identify Key success factors on the market
• Adjust your marketing strategy

Key Topics Covered:

1. Introduction

• Report Description
• Research Methodology

2. Executive Summary

• Key Findings
• Market Trends

3. Market Overview

• Market Volume And Value
• Market Structure By Countries And Types
• Drivers And Restraints
• Forecast Of Consumption To 2020

4. Domestic Production

• Production In 2005-2013
• Production By Countries And Types

5. Imports

• Imports In 2005-2013
• Imports By Countries
• Import Prices By Countries

6. Exports

• Exports In 2005-2013
• Exports By Countries
• Export Prices By Countries

7. Prices

• Producer Prices On The Domestic Market
• Producer Prices On The Non Domestic Market
• Import Prices In Industry

8. Turnover And Sales In Industry

• Turnover And Volume Of Sales
• Monthly Comparison By Sector And By Country
• Annual Comparison By Sector And By Country

9. Business Environment Overview

• Structural Profile
• Sectoral Analysis
• Country Analysis
• Size Class Analysis

10. Company Profiles

• Company Details
• Production And Financial Data
• Business Strategy

For more information visit http://www.researchandmarkets.com/research/4pdvws/eu_chemical_wood

Fast-acting voltage regulation solution for stable and reliable power transmission at Puma project

ABB, the leading power and automation technology group, will supply a 34.5kV power distribution system, based on gas-insulated switchgear (GIS) technology, for Klabin’s major new pulp mill being constructed in Ortigueira (Paraná State), Brazil. The contract, booked in the second quarter of 2014, is valued at $20 million and includes design, supply, commissioning and startup services.

Klabin is the biggest producer and exporter of packaging paper in Brazil and is considered to be the largest integrated pulp and paper company in the country, exporting to over 60 countries. The Puma project will demand total investments of $2.4 billion, not including forest assets, improvements to infrastructure and taxes. The start up of the new plant is expected for the end of the first quarter of 2016.

The new mill will have an annual production capacity of 1.5 million tons of pulp, of which 1.1 million tons  is short fiber (eucalyptus) and 400 thousand tons islong fiber (pine), part of which will  be converted into fluff pulp.

ABB’s solution features leading edge technology such as the Is-limiter, the world’s fastest power switching device, and cabinet modularity. The new plant’s power system will allow the mill to generate excess electricity for sale back into the grid. Engineering for the system is now underway. Implementation and commissioning will take place in the second quarter of 2015.

ABB and Klabin have been working together since the early 80s, across many disciplines and  projects, such as medium and high voltage, process electrification, motors, quality control and automation systems, in several of Klabin’s sites in the pulp or paper processes.

The mill in Ortigueira will be self-sufficient in electrical power, generating 270MWh of energy. Of this total, 120MWh will be used for its own consumption and a surplus of around 150MWh - enough energy to supply a city of half a million inhabitants -  will be delivered to the market. All the energy produced by Klabin will be clean, coming from renewable sources, without burning fossil fuels.

ABB (http://www.abb.com) is a leader in power and automation technologies that enable utility and industry customers to improve their performance while lowering environmental impact. The ABB Group of companies operates in around 100 countries and employs about 145,000 people.

For help with any technical terms in this release, please go to: www.abb.com/glossary

For more information please contact:

ABB Switzerland Ltd.

Emmanuel Chabut

Communications

Mining, Pulp & Paper, Metals and Cement

Phone: +41 58 586 71 33

Email: This email address is being protected from spambots. You need JavaScript enabled to view it.

ABB Brazil Ltda.

Marisa Cesar

Communications

South America

Phone: +55 11 36 88 86 94

Email: This email address is being protected from spambots. You need JavaScript enabled to view it.

Xerium Technologies, Inc. (NYSE:XRM), a leading global provider of industrial consumable products and services announced its Q3 2014 results.

Third-Quarter Financial Highlights

• Adjusted EBITDA for Q3 2014 was $31.5 million or 22.7% of net sales. This was an increase of 15.8% compared to $27.2 million in Q3 2013. Trailing Twelve Month ("TTM") Adjusted EBITDA at September 30, 2014 was $110.7 million, up 6.5% compared to $103.9 million of TTM Adjusted EBITDA at September 30, 2013. See "Non-GAAP Financial Measures" below.
   
• Q3 2014 Year-over-Year Adjusted EBITDA improvement (constant currency) was split roughly 50/50 between sales growth and operating efficiencies. Increased sales led to $1.3 million of additional Adjusted EBITDA and operating efficiencies led to $1.1 million of additional Adjusted EBITDA. See "Segment Information" and "Non-GAAP Financial Measures" below.
   
• Net sales for Q3 2014, excluding currency effects, improved 3.4% to $138.9 million compared to $134.2 million in Q3 2013. See "Segment Information" and "Non-GAAP Financial Measures" below. Rolls sales, mechanical services sales and emerging market PMC sales outperformed graphical paper and mature market sales declines.
   
• Q3 2014 loss per share was $(1.32) per share versus Q3 2013 earnings per share of $0.14 per share. The decrease of $(1.46) per share was primarily driven by a Brazilian tax charge of $(1.56) per share, partially offset by increased income from operations and the change in FX gains/(losses) in Q3 2014 from Q3 2013. See "Adjusted Earnings Per Share" below for further discussion.
   
• Excluding non-recurring items such as the one-time settlement for the Brazilian tax matter and restructuring costs, earnings per share were $0.43 in Q3 2014, compared to $0.36 in Q3 2013 and $1.73 for the trailing twelve months ended September 30, 2014, compared to $1.24 for the trailing twelve months ended September 30, 2013. See "Adjusted Earnings Per Share" below for further discussion.
   
• Q3 2014 gross profit was $55.5 million, or 40.0% of net sales, compared to $53.4 million, or 39.5% of net sales in Q3 2013. Machine Clothing gross margin improved to 40.9% in Q3 2014 from 40.6% in Q3 2013, and roll covers gross margin improved to 38.5% in Q3 2014, from a gross margin of 37.5% in Q3 2013.
   
• Selling, general and administrative and research and development (SG&A) expenses were $34.2 million, or 24.7% of net sales, in Q3 2014, down from Q3 2013 SG&A expenses of $34.9 million, or 25.8% of net sales.

CEO Comments

"Xerium performed well in the quarter, with sales growth globally and significant margin expansion," said Harold Bevis, President and CEO of Xerium Technologies, Inc. "The transforming global pulp and paper market is volatile, but many opportunities exist, and Xerium is pursuing these opportunities aggressively. Part and parcel to pursuing these opportunities are the re-alignment of our global operational footprint and product lineup. The expansion of Xerium's large plants in Gloggnitz, Austria; Asia; and Ruston, La. were completed in the quarter, while large-scale construction projects are still underway in Ba Cheng, China; Corlu, Turkey; and Piracicaba, Brazil. Xerium is orienting its cost structure more firmly towards low-cost country production. This balance was evident in the quarter with year-over-year improvement roughly split equally between sales growth and cost reductions. The quarter was on track with Xerium's stated improvement framework."

Constant currency net sales grew by 3.4%, out-pacing total annual market growth of 1-2%

Healthy sales growth in North America of 8.7%, Asia of 4.3% and South America of 12.4% contributed to positive growth in the quarter, while sales in Europe declined by 4.9%, primarily driven by weakness in the Nordic region and the challenging demand in newsprint and printing and writing grades of paper. See "Segment Information" and "Non-GAAP Financial Measures" below.

Sales growth programs remain on track

Xerium is repositioning its sales growth profile. Specific measurable programs are aimed at profitable growth in rolls, mechanical services, SMART machine automation, emerging markets, and new products. Some programs require capital investment and some do not.

Cost reduction programs remain on track

Xerium is repositioning its cost profile towards low-cost countries and low-cost operations. We have nine primary cost programs underway, including plant closures and operational excellence programs directed at waste, quality, productivity, procurement initiatives and a lean SG&A program. As a result of these efforts, total cost savings for Q3 2014 were $6.9 million, up $0.5 million from Q2 2014. Cost savings for the full year of 2014 are estimated to be over $25 million, which would represent a total of $49 million in cost reduction savings in 2013 and 2014. In Q3 2014, we announced the closure of the Joao Pessoa, Brazil facility and consolidation into two other Xerium plants. That work is fully underway.

CFO Comments

EVP and Chief Financial Officer, Cliff Pietrafitta said: "Q3 2014 constant currency net sales were 3.4% above Q3 2013. Constant currency rolls net sales increased by 12.6% from Q3 2013, primarily driven by an increase of 23.7% in North America, an increase of 19.4% in South America and an increase of 14.7% in Asia. These increases were partially offset by a decline of (4.3)% in Europe. Constant currency machine clothing sales decreased slightly by (1.5)% from Q3 2013, primarily driven by a decrease of (5.2)% in Europe and a decrease of (4.1)% in North America. These decreases were partially offset by increases of 11.4% in South America and 1.3% in Asia." See "Segment Information" and "Non-GAAP Financial Measures" below for further discussion.

Income from operations in Q3 2014 increased by $2.3 million, due to increased net sales and gross margins and reductions in SG&A, partially offset by increased restructuring expenses. Improved gross margins and reductions in SG&A were driven primarily by our restructuring initiatives and operating efficiency programs. Adjusted EBITDA in Q3 2014 was $31.5 million, or 22.7% of net sales, and was 15.8% above Q3 2013 Adjusted EBITDA of $27.2 million, or 20.2% of net sales. See "Non-GAAP Financial Measures" below.

Q3 2014 was a successful quarter related to cost-out actions. The third quarter included cost out savings of $6.9 million and we expect cost out savings for the full year to be over $25 million. The Company spent approximately $18.6 million of cash on capital expenditures and restructuring costs in Q3 2014. For the full year, we expect to spend approximately $70 million in both of these areas. In addition, in 2014, we have more spending related to longer payback projects (such as the Ba Cheng China machine clothing plant), which will not result in incremental savings or earnings in 2014. Cost-out and restructuring savings initiatives are the centerpiece of Xerium's 2014 business plan, and we still expect Adjusted EBITDA to come in at approximately $116 - 120 million, assuming foreign exchange rate assumptions and stability in market demand.

As of Q3 2014, we had an aggregate of $41.8 million available for additional borrowings under our Credit Facility and smaller lines of credit and our cash balances totaled $19.8 million. YTD 2014 free cash flow (defined as cash-flow from operations less capital expenditures) decreased $(47.2) million to $(32.3) million from $14.9 million, primarily as a result of the tax payment of $25.0 million made in August of 2014 to settle a Brazilian tax assessment and $18.1 million of increased capital expenditures from 2013 to 2014.

Capital expenditures and cash restructuring payments in Q3 2014 totaled $11.2 million and $7.4 million, respectively. Capital expenditures primarily related to longer term payback projects, such as the new plant in Ba Cheng, China. Restructuring payments primarily related to headcount reductions and the closure of the João Pessoa, Heidenheim, France and Spain facilities.

Our 2014 restructuring initiatives remain on track with the recent announcement of the closing of a sixth plant in João Pessoa, Brazil. This large-scale restructuring program is a multi-year endeavor which has included 6 plant closures and the start up of a new machine clothing plant in China and a new rolls plant in Turkey.

Trade working capital increased to $141.9 million in Q3 2014 from $141.3 million in Q4 2013. This increase was primarily the result of an increase of $2.5 million in inventory, primarily due to higher levels of work in progress to support higher sales. Partially offsetting this increase was an increase in accounts payable of $1.9 million, due to improvement in negotiated payment terms in Q3 2014 and favorable currency effects. See "Trade Working Capital Information" and "Non-GAAP Financial Measures" below for further discussion.

Net debt (which is defined as total debt less cash) increased to $455.5 million in Q3 2014 from $437.0 million in Q2 2014, primarily as a result of $30 million of new borrowings under the term loan to settle the Brazilian tax assessment. However, our net debt leverage ratio remained at 4.1x in Q3 2014 compared to 4.1x in Q2 2014 as a result of higher trailing twelve month Adjusted EBITDA.

Our effective income tax rate for Q3 2014 was 334% compared to 59.3% in Q3 2013.  Excluding the effects of restructuring and the settlement of a tax assessment in Brazil, our effective tax rate was 38.0%. In Q3 2014, we incurred a one-time charge of $25 million to settle a tax assessment in Brazil. See "Effective Tax Rate" and "Non-GAAP Financial Measures" below for further discussion.

As disclosed during the prior quarter, we had been actively litigating a Brazilian tax case since Q4 2011. In Q3 2014 we chose to participate in a tax amnesty program offered by the Brazilian Revenue Department that was open to taxpayers until August 25, 2014. By electing to pay a lump sum amount, we received a reduction of 100% of the penalties and a 45% reduction of interest accrued on our tax assessment relating to tax years 2006 through 2010. As a result of entering into the amnesty program, we withdrew our appeal of the Brazilian tax case, closing out a matter that relates back to a 2005 transaction. Because tax amnesty and voluntary disclosure programs were open for tax years beyond the time period of our particular assessment, we also included in our payment to the Brazilian government amounts relating to tax years 2011 through 2013, and we adjusted tax payments related to the 2014 tax year, all of which corresponded to the same tax deductions under review in our assessment for tax years 2006 through 2010. In settling the assessed and unassessed tax debts with the Brazilian government for 2006 through 2014, we paid principal and interest totaling $18.3 million and $6.7 million, respectively. We borrowed an additional $30.0 million under our Credit Facility primarily to fund this tax settlement payment.

For the full release with tables click here....>

Valmet invites analysts and institutional investors to its Capital Markets Day in London on Thursday, March 19, 2015. The event will take place approximately from 11:00 a.m. to 5:15 p.m. (GMT) at Andaz Liverpool Street hotel (40 Liverpool Street, London). The aim of the Capital Markets Day is to provide information of Valmet's strategy and business outlook.

The speakers in the event include Pasi Laine, President and CEO; Markku Honkasalo, CFO; Kari Saarinen, SVP, Strategy and Operational Development; and the Business Line Presidents. The event also provides an opportunity to have conversation with the management in small-group meetings. The language of the event and material is English.

All presentations can be followed via a live webcast at www.valmet.com/webcasts.

Registration and more information

The registration for Valmet's Capital Markets Day is open online at Valmet's investor website at www.valmet.com/cmd. The number of seats is limited, so we recommend registering early.

More information and updates regarding the event are available at the same address.

Preliminary agenda

11:00 a.m.     

• Opening of Valmet CMD 2015
• CEO's presentation
• Strategy and Must-Wins
• Business line presentations: Services, Pulp and Energy, Paper
• CFO's presentation
• Summary
• Small-group meetings with management

5:15 p.m.

• Cocktails and snacks

This is a preliminary program and it is subject to change.

Further information, please contact:

Hanna-Maria Heikkinen, Vice President, Investor Relations, Valmet Corporation, tel. +358 10 672 0007

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.

International technology Group ANDRITZ has received an order from Stora Enso to rebuild the fiberline, evaporation plant, recausticizing plant, recovery boiler, and recycled fiber plant at the Varkaus pulp mill, Finland. Start-up is scheduled for the fourth quarter of 2015.

The order is part of Stora Ensoʼs project to convert an existing fine paper machine to a containerboard machine as well as to increase capacity and energy efficiency of the pulp mill. The scope of supply includes:

• Conversion of the fiberline to produce high-Kappa unbleached pulp, including modernization of cooking, brown stock washing, and screening systems, as well as delivery of a new blowline and new reject refiners
• Supply of two new evaporator units, replacement of the existing evaporator lamellas in two evaporator units, and installation of a new methanol liquefaction system
• Supply of a new LimeDry lime mud disc filter for the recausticizing plant, which will improve cleanliness and the working environment at the plant
• Rebuild of the complete recycled fiber plant, including modernization of the ANDRITZ FiberFlow drum pulper and coarse screening plant, as well as delivery of a new screw press
• Replacement of the boiler bank tubes in the recovery boiler and installation of a new CNCG-burner (Concentrated Non Condensable Gas)

For further information please contact:

Oliver Pokorny

Head of Corporate Communications

This email address is being protected from spambots. You need JavaScript enabled to view it.

www.andritz.com

The ANDRITZ GROUP

The ANDRITZ GROUP is a globally leading supplier of plants, equipment, and services for hydropower stations, the pulp and paper industry, the metalworking and steel industries, and solid/liquid separation in the municipal and industrial sectors. The publicly listed, international technology Group is headquartered in Graz, Austria, and has a staff of around 24,100 employees. ANDRITZ operates over 250 production sites as well as service and sales companies all around the world. The ANDRITZ GROUP ranks among the global market leaders in all four of its business areas. One of the Group’s overall strategic goals is to strengthen and extend this position. At the same time, the company aims to secure the continuation of profitable growth in the long term.

ANDRITZ PULP & PAPER

The business area is a leading global supplier of equipment, systems, and services for the production and processing of all types of pulps, paper, tissue, and cardboard. The technologies cover the processing of logs, annual fibers, and waste paper; the production of chemical pulp, mechanical pulp, and recycled fibers; the recovery and reuse of chemicals; the preparation of paper machine furnish; the production of paper, tissue, and board; the calendering and coating of paper; as well as treatment of reject materials and sludge. The service range includes modernization, rebuilds, spare and wear parts, service and maintenance, as well as machine transfer and second-hand equipment. Biomass, steam, and recovery boilers, gasification plants for energy production, flue gas cleaning plants, production equipment for biofuel (second generation) and biomass pelleting, biomass torrefaction, plants for the production of nonwovens, dissolving pulp, plastic films, and panelboards (MDF), and recycling plants are also allocated to the business area.

New test rig ensures highest degree of accuracy

Endress+Hauser demonstrates strong commitment to its site in Yamanashi, Japan: a new underground test rig allows for highly precise calibration of tank gauging instruments. On 17 October 2014, General Manager Yasuyuki Inoue, Managing Director Andreas Mayr and CEO Matthias Altendorf welcomed numerous guests from business and politics to the inauguration ceremony.

Endress+Hauser has invested 2.7 million euros in the new test rig for the calibration of high-precision tank gauging instruments developed and produced at the factory in Japan. The plant equipped with state-of-the-art laser technology can precisely simulate a measuring distance of 40 meters to calibrate the instruments accurately for their use in the large tanks of the process industry.

The space required for a test rig of this length is provided by a circular shaft underneath the new building; only a small section of the plant is situated above the ground while the actual measurement takes place far below. The test rig was built according to international standards and has already received certification from the international organizations NMI and PTB. In future, the current Proservo NMS5 level sensor will be calibrated at this plant, and the new Proservo NMS8 can already be tested on the test rig during its development.

Accurate to the micron
“This investment in the new test rig shows Endress+Hauser’s strong commitment to the business area of tank gauging and also underlines the Group’s trust in the 81 associates of the Yamanashi site,” emphasized Managing Director Andreas Mayr. The new test rig works accurately to the micron. General Manger Yasuyuki Inoue is proud of this precision: “This plant allows us to improve the calibration of our tank gauging devices and enhances our market position.”

Yujiro Saito, Managing Director of Endress+Hauser’s Japanese sales center, also emphasized the customer benefit: “In the oil & gas industry, accuracy and reliability are decisive factors. The new test rig is a big step forward for us because we can meet the needs of our customers even faster and thus clearly distinguish from other suppliers.”

Decades of know-how
The Yamanashi site located in the center of Japan houses profound expertise in tank gauging technology. The company was founded in 1955 and has been a part of the Endress+Hauser Group since 1978. In 1998, the site was affiliated to Endress+Hauser Maulburg, which is the Group’s competence center for level and pressure measurement engineering. “All facilities and processes at our sites all over the world correspond to the same high standards,” explained Andreas Mayr. “Our highly precise calibration plants, in particular, are unrivalled. We are the only manufacturer of tank gauging instrumentation to produce at this high quality level in Japan.”

The Endress+Hauser Group
Endress+Hauser is a global leader in measurement instrumentation, services and solutions for industrial process engineering. The Group employs 12,000 personnel across the globe, generating net sales of 1.8 billion euros in 2013.

Structure
With dedicated sales centers and a strong network of partners, Endress+Hauser guarantees competent worldwide support. Our production centers in 11 countries meet customers’ needs and requirements quickly and effectively. The Group is managed and coordinated by a holding company in Reinach, Switzerland. As a successful family-owned business, Endress+Hauser is set for continued independence and self-reliance.

Products
Endress+Hauser provides sensors, instruments, systems and services for level, flow, pressure and temperature measurement as well as analytics and data acquisition. The company supports customers with automation engineering, logistics and IT services and solutions. Our products set standards in quality and technology.

Industries
We work closely with the chemical, petrochemical, food & beverage, oil & gas, water & wastewater, power & energy, life science, primaries & metal, renewable energies, pulp & paper and shipbuilding industries. Endress+Hauser supports its customers in optimizing their processes in terms of reliability, safety, economic efficiency and environmental impact.

History
Founded in 1953 by Georg H Endress and Ludwig Hauser, Endress+Hauser has been solely owned by the Endress family since 1975. The Group has developed from a specialist in level measurement to a provider of complete solutions for industrial measuring technology and automation, with constant expansion into new territories and markets.

Endress+Hauser GmbH+Co. KG
Endress+Hauser’s oldest and largest production center with headquarters in Maulburg, Germany, is a competence center for level and pressure measurement engineering and inventory management solutions. Sites in Stahnsdorf (near Berlin) and Kassel, Germany, develop and produce components. To be close to customers around the globe, divisions with sites in Greenwood/Indiana, USA; Aurangabad, India; Suzhou, China; and Itatiba, Brazil, take care of make-to-order final assembly for their respective regions. Yamanashi, Japan, is the company’s center of excellence for tank gauging technology.

One of China's leading paper and pulp producers, Lee & Man Manufacturing Ltd, has decided to invest in an Advantage DCT 200HS tissue line from Valmet. The new tissue line will be installed at the company's Chongqing mill in Zhutuo Town, Yongchuan City, China. The line is designed for production of high quality tissue products and the start-up is planned to be in late 2015.

The order was included in Valmet's third quarter 2014 orders received. The value of the order is not disclosed.

Lee & Man employs the most effective technology and the new tissue line will fulfill their high demands on sustainability.  Valmet's Advantage DCT concept is well established on the market and has proven to bring high flexibility, energy- and fiber efficient production as well as tissue products with high bulk and softness.

"We are excited to work with Lee & Man in this project, supporting their environmental targets. Our Advantage Visco Nip press is specially designed for very high linear loads which combined with a cast alloy Yankee cylinder makes it possible to increase the paper dryness after press and reach significant drying energy savings," says Svenerik Olsson, Director, Tissue Mills Business Unit, Valmet China.

Technical information about the delivery

The new tissue machine will have a width of 5.6 m and a design speed of 2,000 m/min. It will produce 60.000 tons of toilet and facial tissue per year, using virgin wood pulp and bleached bamboo fiber as raw material.

Valmet's scope of delivery will comprise a complete tissue production line featuring stock preparation systems and an Advantage DCT 200HS tissue machine. The machine will be equipped with an OptiFlo headbox and a cast alloy Yankee cylinder. It will also be featured with the well proven Advantage tissue technology including ViscoNip press, a steam heated AirCap hood, WetDust dust system and a SoftReel P reel. Basic engineering, installation supervision, training, start-up and commissioning are also included in the delivery.

The delivery will also include an automation package from Metso with Metso DCS and QCS process control system.

About Lee & Man Paper Manufacturing

Established in 1994, Lee & Man Paper Manufacturing Ltd has grown from a small company into a leading paper and pulp manufacturer. Their 6,500 employees are located at the company's five production sites in China. The Group has a capacity of up to 6.05 million tons of container board, duplex board and tissue paper as well as 180,000 tons of pulp in 2012. The production capacity for paper is expected to increase to 7.05 million tons in 2014.

VALMET CORPORATION

For further information, please contact:

Svenerik Olsson, Director, Tissue mills, China area, Valmet, Tel. +86 139 10171872

Krister Harnesk, Sales Manager, Tissue mills, Valmet, Tel. + 46 766 397543

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.

Forward-looking investment despite a difficult market environment: Kelheim Fibres further strengthens its speciality fibre business

Kelheim Fibres, Bavarian manufacturer of viscose speciality fibres, steadily continues to implement their innovation strategy. This is further confirmed by the expansion of production line 1 for the production of wet tow and wet short cut fibres in addition to the current capability of dry tow and therefore dry short cut fibres.

With this investment, Kelheim Fibres is extending its short cut capacity by further 2000 tons per year and will be in a position to deliver even more flexibility when it comes to a rapid reaction to specific customer demands.

“In the currently difficult market environment, this investment in our plant is a clear statement”, so says Sebastian Basel, Kelheim Fibres’ Business Manager for short cut fibres. “Today, we are the only European manufacturer of short-cut viscose fibres for paper applications, of dry tow for stretch- breaking and of wet tow – and in the future, the name Kelheim Fibres will stand even more for innovative speciality fibres. The conversion of our line 1 is a major step towards our goal of increasing the share of speciality fibres in our portfolio to more than 80%. And we remain fully focused on that goal.”

With this investment and the expanded capacity for the production of short cut fibres, Kelheim Fibres intends to meet the rapidly growing demand for modern, tailor-made filtration products, and score points in the hygiene Industry, particularly when it comes to flushability. Here, Kelheim Fibres further benefits from its long-standing position as world market leader for hygiene fibres for tampons.

Kelheim Fibres GmbH is the world’s leading producer of viscose speciality fibres and the most important supplier of viscose fibres for the tampon industry.

Approximately 90,000 tons of viscose fibres are produced and tested every year at Kelheim in South Germany. These are used in most diverse applications – from fashion, hygiene and medical products to nonwovens and speciality papers.

Innovative products, flexible technologies and a strong customer orientation form the foundations of the company’s success.

For further  information, please contact:

Matthew North Commercial Director Kelheim Fibres GmbH Tel: +49 (0)9441 99-368
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