Metsä Fibre has requested arbitration in a dispute with Valmet Technologies, a subsidiary of the Finnish engineering giant Valmet. This is stated in a press release from Valmet.

The arbitration relates to Metsä Fibre's bioproduct mill in Kemi, Finland, which started operations in September 2023.

Valmet Technologies disputes Metsä Fibre's claims and will also actively pursue its own claims against Metsä Fibre.

Metsä Fibre's preliminary monetary claim amounts to approximately EUR 47 million.

In addition, Metsä Fibre has announced that it will seek to have Valmet Technologies declared liable for certain potential costs that Metsä Fibre may later incur based on contractual relationships between Metsä Fibre and other parties. Metsä Fibre estimates that the current value of such potential claims amounts to approximately EUR 65 million, but estimates that this amount is likely to decrease.
Valmet's management does not, as far as it can currently assess, expect any material adverse effects on its business or financial condition as a result of this arbitration.