Stock Exchange release May 22, 2002 11:03:31 AM CET

METSO INTENDS TO CLOSE ITS CONVEYOR BELT PRODUCTION UNIT IN HAMBURG, GERMANY

Metso Minerals, the rock and mineral processing business area of Metso Corporation, streamlines its operations and intends to close down the conveyor belt production unit in Hamburg, Germany. The unit employs 95 persons and its net sales were EUR 11 million in 2001.

The closing has no effect on Metso Minerals' customer service. The customers will be supplied similar products from Metso Minerals' conveyor belt manufacturing units in Finland, Norway, Germany and Belgium. The closing decision is based on financial losses and oversupply in conveyor belt markets.

Svedala Scholtz Transportbandtechnik GmbH was transferred to Metso Minerals through the acquisition of Svedala Industri AB in September 2001.


Metso Corporation is a global supplier of process industry machinery and systems, as well as know-how and aftermarket and 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.