S Korea - Valmet Oy will deliver a fine paper machine, with a capacity of more than 700 tonnes per day, to South Korean Shin Ho Paper worth approximately FIM 250 million, Valmet said in a statement,

The contract is the fourth Valmet paper machine to ordered by Shin Ho Paper since 1992,

The machine is for the company's new greenfield mill to built at Taejon, in the central part of the country, it said

Construction work at the   new millsite will commence this autumn and the machine's start-up is sched uled for summer 1997.

\Valmet is a leading supplier of paper and board production technology. The company's paper machinery operations employ some 8,000 people and produced  net sales of approximately FIM 5.5 billion in 1994,