Stock Exchange release November 26, 2002 08:34:41 AM CET

METSO HAS SIGNED A CONTRACT FOR THE WORLD'S LARGEST BOARDMACHINE WITH NING SHING DEVELOPMENT CO. IN CHINA

Metso Paper has signed a contract for a complete board making line with Ning Shing Development Co. in Ningbo, Zhejiang, China. The contract is expected to become effective in January 2003 after the completion of the financial arrangements. The value of the order is approximately EUR 220 million. The new line is planned to start up in the second quarter of 2004.
The delivery will comprise of a complete board making line, including a complete stock preparation system with eight lines, a complete board machine, air systems as well as mill engineering and machine hall cranes.
The board machine will include a forming section with five hydraulic headboxes, of which one is equipped with dilution control and five-wire wire section with a MB-former. The press section comprises two double felted shoe presses and an unfelted smoothing press. The pre- and dryer section consist of 111 cylinders and a coating section for simultaneous pre-coating of both sides of the board. The board machine also comprises a hard nip calender for caliper control. The coating section comprises five coating stations for coating and top coating of the board followed by a two nip soft calender, an Opti-reel and a winder.
The new line will be the largest board production line in the world with the capacity of over 2,000 tons a day of white lined chipboard (WLC) from recycled fiber.
The contract is the third board machine order for Metso from China during the fourth quarter of 2002.
Metso Corporation is a global supplier of process industry machinery and systems, as well as know-how and aftermarket services. The corporation's core businesses are fiber and paper technology (Metso Paper), rock and mineral processing (Metso Minerals) and automation and control technology (Metso Automation). In 2001, the net sales of Metso Corporation were EUR 4.3 billion and the personnel totaled approximately 30,000. Metso Corporation is listed on the Helsinki and New York Stock Exchanges.