Finnish company Valmet will provide Cheng Loong Binh Duong Paper Co. with key process technology for its new containerboard machine 23 at the company’s Ben Cat mill in Binh Duong province, southern Vietnam.
Valmet’s delivery will include approach flow systems, headboxes, a press section, a sizer, process air systems, a winder, automation systems, and industrial Internet solutions, the Finland-based company announced Wednesday.
The order is among those Valmet received in the third quarter. Its value will not be disclosed, but such an order is typically worth between EUR 20 and 30 million, the firm said.
Cheng Loong decided to invest in this new recycled containerboard mill to tap into Vietnam’s growing packaging demands.
“The containerboard market is growing globally, driven by e-commerce and new packaging applications. Valmet has developed several innovative solutions to meet market needs,” said Marko Oinonen, sales director, board and paper mills, Valmet.
Cheng Loong Binh Duong Paper is part of Cheng Loong Corp., a Taiwanese leading industrial paper company. The corporation has five paper mills and 19 box plants in Taiwan, mainland China, and Vietnam and distributes products worldwide. Its annual production capacity is 2.10 million tons of paper and paperboard, and more than 1.7 billion square meters of paper container boxes, according to the company.
Valmet added that it has also made such technology deliveries to Cheng Loong facilities in Vietnam and Taiwan.
Valmet is a developer and supplier of process technologies, automation, and services for the pulp, paper, and energy industries. The company's combined net sales in 2021 were around EUR4.5 billion, it says. Its shares are listed on the Nasdaq Helsinki.