Stock Exchange release October 5, 2000 08:16:00 AM CET

METSO’S VALMET TO REBUILD STORA ENSO’S PRODUCTION LINE IN OULU

Metso Corporation's fiber and paper technology business area, Valmet, will rebuild a papermaking line at Stora Enso Fine Paper’s Oulu mill in Finland. The rebuild, valued at nearly EUR 30 million, will be carried out in November 2001. The deal is the fifth significant order concerning the manufacture of coated fine paper received by the fiber and paper technology business area this year.

The rebuild of Oulu’s production line 6, originally supplied by Valmet in 1991, will increase its annual capacity by a good 20% to about 515,000 tonnes of coated woodfree printing papers. The delivery will comprise rebuilds of the paper machine, air systems, coater, calenders, winders and control system, and will also include a second roll wrapping machine. The rebuild will also improve the quality of the end product, due to the more even base paper and higher coating volumes achieved.

Metso Corporation's fiber and paper technology and automation and control technology units at Jyväskylä, Järvenpää, Turku, Tampere, Valkeakoski and Hollola in Finland will participate in the delivery.

The paper produced by Oulu’s PM 6 is and will be mainly used for brochures and advertising material. The demand for this paper grade has been strong for the last decade, and the market is expected to remain favorable with 4-5% average annual growth continuing in the coming years.

Metso Corporation's fiber and paper technology business area, Valmet, is the world's leading supplier of technology, systems and equipment for the pulp, paper, converting and panelboard industries. In 1999, Valmet's net sales were EUR 1.7 billion and it employed 10,600 persons.

Metso Corporation is a global supplier of process industry machinery and systems. In addition to fiber and paper technology, Metso's business areas are automation and control technology, and machinery. In 1999, the net sales of Metso Corporation were EUR 3.4 billion, and the personnel totaled approximately 23,000. Metso Corporation is listed on the Helsinki and New York Stock Exchanges.