Stock Exchange release May 29, 2000 09:00:00 AM CET

METSO TO SUPPLY A NEW KIND OF PAPER COATING LINE TO METSÄ-SERLA

Metso Corporation’s fiber and paper technology business area, Valmet, will supply a new type of on-line paper coating line to Metsä-Serla’s Kangas Paper Mill in Jyväskylä, Finland. No similar method of integrating paper coating and multi-nip calendering with the papermaking line is currently operational anywhere in the world. The order is worth nearly EUR 45 million. The production line to be started up in March 2001 will produce coated fine paper.

The delivery includes a coating machine equipped with two blade coating stations, a calender and reel. In addition, the delivery includes a paper machine shoe press, dryer section rebuild parts, a coating color kitchen and a roll wrapping line. Metso’s automation and control technology business area, Neles Automation, will supply renewed process automation based on its dynamic network of application solution.

The Kangas Paper Mill currently produces 245,000 t. of uncoated and coated fine paper and specialty papers. Following the delivery of the new on-line coating line, the PM 4 will transfer from production of copy paper to production of coated fine paper. The speed of the new line will be 1,200 m/min and paper width on reel 5,720 mm.

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 was EUR 1.7 billion and it had a personnel of 10,600.

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. The net sales of Metso Corporation was EUR 3.4 billion in 1999 and personnel totaled approximately 23,000. Metso Corporation is listed on the Helsinki Exchanges and New York Stock Exchange.