ABB to Supply Electrification, Drive Tech for Metsa Group Mill
May 14 2020 - 3:51AM
Dow Jones News
By Cristina Roca
ABB Ltd. said Thursday that it has won a contract to supply
electrification and drive technology for a Finnish bioproduct
mill.
The Swiss company has signed a preliminary binding agreement
with Metsa Fibre, which is the world's largest producer of softwood
pulp and is part of Metsa Group.
The order is worth about 40 million euros ($43.3 million) and
production at the new mill could start in 2023, ABB said.
Write to Cristina Roca at cristina.roca@dowjones.com;
@_cristinaroca
(END) Dow Jones Newswires
May 14, 2020 03:36 ET (07:36 GMT)
Copyright (c) 2020 Dow Jones & Company, Inc.
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