Finnvera guarantees Valmet’s deliveries to China
Finnvera has granted a buyer credit guarantee for a loan of approximately EUR 76 million related to Valmet’s deliveries to Liansheng Pulp & Paper in China. The delivery of the two fine papermaking lines guaranteed by Finnvera is related to the third phase of the expansion project of the Zhangzhou mill. The German DZ Bank AG will act as the lender and arranging bank.
Finnvera has previously provided a buyer credit guarantee in 2019 to support Valmet’s deliveries to the same long-term customer, Liansheng.
Exporter: Valmet Technologies Oy
Guarantee Holder: DZ BANK AG Deutsche Zentral-Genossenschaftsbank, Frankfurt am Main
Lender: DZ BANK AG Deutsche Zentral-Genossenschaftsbank, Frankfurt am Main
Buyer and Borrower: Liansheng Pulp & Paper Industry (Zhangzhou) Co., Ltd
Guarantor: Liansheng Paper Industry (Longhai) Co., Ltd
Export transaction/Goods: Two paper machines
Country of Export transaction: China
Credit amount: EUR 76.5 million
Credit period: 10 years
Project classification: B
Environmental and social impact information:
According to Finnvera’s ES risk classification and the OECD Common Approaches, the transaction is classified as a Category B project, indicating that potential impacts are mainly site-specific, limited in scale, and manageable, as the project is an expansion of an existing industrial facility. An Environmental and Social Due Diligence (ESDD) assessment has been conducted, and an Environmental and Social Action Plan (ESAP) has been developed to address identified ES risks. The proposed measures are considered appropriate for the project. Upon implementation of the ESAP, the project is expected to comply with Finnvera’s Environmental and Social Policy.
International standards applied in benchmarking: IFC Performance Standards and relevant EHS Guidelines.
Contact point: [email protected]
Information published: 8th July 2026
