Valmet and Metsä Fibre Settle Arbitration Dispute Over Kemi Bioproduct Mill

Key Facts

Valmet reached a settlement with Metsä Fibre to resolve an ongoing arbitration dispute concerning the Kemi bioproduct mill in Finland. Benzinga reported that the parties sought to resolve outstanding disagreements related to the construction or operation of the mill through a settlement rather than continuing arbitration.

The agreement effectively closes the legal proceedings and removes uncertainty and potential financial liability for the involved industrial firms. This settlement marks the conclusion of the dispute as both companies move to finalize outstanding claims related to the project.