September 16, 2016 / 1:53 PM / a year ago

UPDATE 1-Brazil's Suzano demands 80 mln euros in arbitration from Finland's Valmet

(Adds comment, detail)

HELSINKI, Sept 16 (Reuters) - Valmet Corp :

* Finland’s Valmet, maker of pulp and paper production machines, said on Friday Brazil’s Suzano Papel e Celulose has filed a request for arbitration against four Valmet subsidiaries, claiming approximately 80 million euros ($89.41 million)

* Hanna-Maria Heikkinen from Valmet’s investor relations said Suzano claims the Finnish company, the provider of its Imperatriz pulp mill’s machinery, is responsible for a production level that Suzano sees as unsatisfactory

* Valmet said in a statement it disputes the claims and will also pursue claims of its own against Suzano for breach of agreements Source text for Eikon: Further company coverage: ($1 = 0.8948 euros) (Reporting by Tuomas Forsell, editing by Gwladys Fouche)

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