Finnish engineering group Metso and mobile phone giant Nokia secured major Chinese business contracts.
Metso says it won paper machine orders worth 260 million euros, whereas Nokia has refused to disclose details of the freshly signed agreements.
On Thursday a 200-member export and investment promotion delegation arrived in Finland at the invitation of Minister for Foreign Trade and Development Paavo Väyrynen and Minister of Economic Affairs Mauri Pekkarinen.
Gao Hucheng, the Chinese Vice Minister of Commerce, said on Friday that the investment excursion had exceeded his expectations.
Metso Scores Large Paper Machine Deals
Forest engineering concern Metso has revealed details of its agreement with China. The primary project is to deliver a fine coated paper production line for Shandong Huatai Paper in eastern China. Upon completion of the 170 million euro deal in 2011, the line will turn out some half a million tones of coated and uncoated papers annually.
In a second provisional deal worth 90 million euros, Metso is to deliver a light coated paper production line for MMCC Meili Paper Industry in Zhongwei in north western China. Final arrangements of the deal still have to be concluded.
Earlier this week, Metso announced it will be delivering the world’s largest fine paper line for the new pulp and paper mill of Zhanjiang Chenming Pulp and Paper. This deal is worth around 130 million euros.
Fine papers are usually so-called woodfree or partly wood-containing grades used for magazines, stationery and other quality applications. These are often coated to give either a matt or gloss surface.