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The arbitration proceedings between Valmet and Suzano have ended
Valmet announced on September 16, 2016, 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 EUR 80 million. Valmet disputed the claims brought by Suzano and pursued claims of its own against Suzano.
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.