Stock Exchange release November 9, 1999 10:00:00 AM CET

METSO'S FIBER AND PAPER TECHNOLOGY BUSINESS AREA WILL OPEN A TECHNOLOGY CENTER IN CHINA

Metso Corporation's Fiber and Paper Technology business area Valmet will open a new Technology Center in the People's Republic of China. Total value of the investment is EUR 11 million. The Technology Center will strengthen the business area's market position and service capabilities in the Chinese pulp and paper industry. The Center is scheduled to be opened in spring 2001 and it will be starting with 50 employees.

The Chinese pulp and paper industry will upgrade and rebuild heavily its machinery over the next few years to meet the rapid growth in demand for paper, board and tissue. The new Technology Center will be situated in the Jiangsu province near Shanghai. It will bring Valmet's fiber and paper technology know-how to the core of Chinese pulp and paper industry's growth center.

The new Technology Center will provide local back-up for Valmet's machinery deliveries as well as wide range of specialized services for process improvements, upgrades and upkeep of all types of fiber and paper production lines. The Center will also include a fully equipped 2000 m² workshop specialized in mechanical roll reconditioning and roll covers as well as spare part services for fiber and papermaking lines.