May 14, 2020 / 7:09 AM / 13 days ago

BRIEF-ABB And Metsä Fibre Sign Agreement To Supply Electrification For Finnish Bioproduct Mill

May 14 (Reuters) - Abb Ltd:

* ABB AND METSÄ FIBRE SIGN AGREEMENT TO SUPPLY ELECTRIFICATION AND DRIVE TECHNOLOGY FOR NEW FINNISH BIOPRODUCT MILL

* AGREEMENT IS SUBJECT TO METSÄ GROUP'S FINAL INVESTMENT DECISION, WHICH WILL BE MADE EARLIEST IN AUTUMN 2020. ORDER IS WORTH APPROXIMATELY EUR 40 MILLION

* PRODUCTION AT NEW MILL COULD START IN 2023

* PRODUCTION CAPACITY IS 1.5 MILLION TONNES OF PULP PER YEAR, AS WELL AS MANY OTHER BIOPRODUCTS Further company coverage: (Berlin Speed Desk)

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