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)

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