Stock Exchange release April 12, 2002 12:01:56 PM CET

METSO WORKS SALE TO HOLLMING HAS BEEN CLOSED

The operations of Metso Works, a company with engineering workshop operations in Pori, Parkano and Loviisa, Finland, were transferred to Hollming Oy today. The sale is in line with Metso's strategy of expanding from a traditional machine supplier to a comprehensive supplier of services and the customers' core processes.

Metso Works' net sales in 2001 totaled EUR 38 million and its personnel numbers 532.


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.