![]() ![]() Valmet’s net sales in 2022 were approximately EUR 5.1 billion. In 2022, a major milestone was achieved when the flow control company Neles was merged into Valmet. The company has over 220 years of industrial history and a strong track record in continuous improvement and renewal. Our 17,500 professionals around the world work close to our customers and are committed to moving our customers’ performance forward – every day. With our automation systems and flow control solutions we serve an even wider base of process industries. Valmet is a leading global developer and supplier of process technologies, automation and services for the pulp, paper and energy industries. Michael Gray, Vice President, Capital business, North America, Valmet, tel. Kari Räisänen, Sales Director, Board and Paper Mills, Paper business line, Valmet, tel. It has over 130 facilities and over 24,000 employees worldwide. The company’s net sales in 2022 were approximately USD 9 billion. The company is a leading provider of paper-based packaging solutions for a wide variety of products to food, beverage, foodservice, and other consumer products companies. ![]() Graphic Packaging International, headquartered in Atlanta, Georgia, is committed to providing consumer packaging that makes a world of difference. Information about the customer Graphic Packaging International The board machine will produce coated recycled board (CRB) grades, in other words white line chip board (WLC) grades, with an annual capacity of approximately 500,000 short tons which corresponds to 456,000 metric tons. The delivery will also include Valmet Industrial Internet services. Valmet’s delivery for the new coated board machine will include equipment for stock preparation, approach flow systems, board machine with extensive process ventilation scope, a wide Valmet DNA automation package and a winder. We are happy to be involved in this important project to provide a state-of-the-art coated board machine for their optimized mill network in the United States,” says Michael Gray, Vice President, Capital business, North America, Valmet. “Valmet has a very good relationship with Graphic Packaging International, and we have had successful projects with them. Our relationship is based on mutual trust, which is very important in large projects like this one,” says Rusty Miller, Senior Vice President, Engineering and Technology, GPI. ![]() We have had a long and good cooperation with Valmet. “Valmet has offered us innovative yet proven technology to reach our high product quality targets. With this investment in the latest coated board technology, GPI is committing to sustainable packaging with exceptional product quality and cost competitiveness for producing coated recycled board (CRB) grades. Its value will not be disclosed, but an order of this type and scope is typically valued between EUR 140 and 180 million. The order is included in Valmet's orders received of the first quarter 2023. The start-up of the machine is scheduled for early 2026. The new machine will be supplied to GPI’s mill in Waco, Texas. Valmet delivered a similar coated board machine to GPI’s Kalamazoo mill in 2022. The transaction is expected to close in the early part of 2018.Valmet will supply a coated board machine for Graphic Packaging International (GPI) in the United States. The stake is valued at $1.14B, according to Seeking Alpha. IP will also receive a 20.5 percent ownership interest valued in a subsidiary of Graphic Packaging that will hold the assets for the combined business. IP says it plans to use $660M in cash proceeds from a loan being assumed by Graphic Packaging to pay down existing debt, according to Seeking Alpha. Preliminary details of the transaction show Graphic Packaging will own 79.5 percent of the partnership and will be sole operator, and International Paper will own the remainder, according to a Reuters report. The Tex Mill, as employees dubbed it, employs about 800 people and is one of the leading manufacturers of high-quality light-, medium- and heavy-weight coated paperboard in the world. That plant is situated on 1,500 acres in Cass County.Ĭonstruction of the mill began in 1969, and the mill began operations in November 1972. The deal includes the Domino, Texas, paper mill. The transaction is valued at $1.8 billion. International Paper Co., is combining its North American consumer packaging business with Graphic Packaging Holding Co., according to several business news sources. ![]()
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