Valmet announced that Suzano Papel e Celulose S.A. had filed a request for arbitration against Valmet Celulose, Papel e Energia Ltda, Valmet AB and Valmet Technologies Oy, subsidiaries of Valmet Oyj, claiming approximately Euro 80 million. Valmet disputed the claims brought by Suzano and pursued claims of its own against Suzano.

Printing Papers

Arbitration proceedings between Valmet and Suzano Papel e Celulose S.A. have ended

Valmet announced that Suzano Papel e Celulose S.A. had filed a request for arbitration against Valmet Celulose, Papel e Energia Ltda, Valmet AB and Valmet Technologies Oy, subsidiaries of Valmet Oyj, claiming approximately Euro 80 million. Valmet disputed the claims brought by Suzano and pursued claims of its own against Suzano, as the company said in the press release received by Lesprom Network.

The parties of the dispute have now reached an agreement and the arbitration proceedings have been closed. The outcome of the agreement will not have significant impact on Valmet's financial result for 2018.

Valmet is the leading global developer and supplier of process technologies, automation and services for the pulp, paper and energy industries.