ABB: wins Finnish electrification deal
(CercleFinance.com) - ABB said that it will deliver electrification and drive technology solutions for Finnish pulp and paper maker Metsa's planned bioproduct mill in northern Finland in a deal worth approximately 40 million euros.
Under the terms of the deal, over 1,000 electric motors for the Kemi-based mill will be manufactured at ABB's Finnish factories, with over 600 drives to be supplied by its Pitäjänmäki plant, the world's largest drive factory.
Production at the new mill - which is expected to reach 1.5 million tonnes of pulp per year - could start in 2023.
The agreement is subject to Metsa's final investment decision, which will be made this autumn, at the earliest, ABB said.
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