Stock Exchange release January 16, 2001 02:07:58 PM CET

METSO RECEIVES FIBER TECHNOLOGY ORDERS WORTH OVER EUR 80 MILLION

Metso Paper has received several orders for fiber line and wood handling technology during the last two months. The combined value of the orders is over EUR 80 million. The deliveries are scheduled to take place in late 2001 and 2002.

The delivery to the Brazilian company, Votorantim Cellulose e Papel (VCP) comprises a new fiber line for an expansion project at the Jacarei mill in Brazil. The new fiber line will produce bleached eucalyptus pulp and is scheduled to start up at the end of 2002. Metso Paper received an order for a complete pulp drying line from the same customer last year.

The delivery to Oji Paper in Japan comprises high consistency ozone technology for the customer's Nichinan mill to reduce the environmental impact of the bleaching process. The new process is scheduled to start up in late 2001.

The delivery to the Arkhangelsk Pulp & Paper Mill in Russia comprises chlorine dioxide generation equipment to convert the hardwood pulp bleaching process to elemental chlorine free (ECF). Furthermore, the distributed control system (DCS) by Metso Automation will also be included in the delivery. The new plant is scheduled to start up at the end of 2001.

In addition, Klabin Riocell in Rio Grande do Sul state, Brazil, has ordered a chip handling system, a cutter layboy, pressure screens and upgrading of the baling line. The delivery to Myllykoski Paper, Finland comprises a new log sorting system, as well as a bark crusher and conveyors for logs and bark. Willamette Industries, Inc. has ordered a TwinRoll Press for its Kingsport facility in Tennessee, USA. The washing system modernization of the Spanish customer Ceasa, Ence Navia, includes rebuilding of four existing drum washers and a new TwinRoll Press.

Metso Corporation is a global supplier of process industry machinery and systems. Corporation's fiber and paper technology business area, Metso Paper, is the world's leading supplier of technology, systems and equipment for the pulp, paper, converting and panelboard industries. Metso's other core businesses are divided between Metso Minerals (rock and mineral processing) and Metso Automation (automation and control technology). 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.