Stock Exchange release May 16, 2002 02:43:23 PM CET

METSO TO REBUILD UPM-KYMMENE RAUMA PM 1 ON-MACHINE COATER

UPM-Kymmene has selected Metso Paper to rebuild its PM 1 on-machine coater in Rauma, Finland. The rebuild will improve the machine's competitiveness by raising its capacity. The rebuilt machine will start up in spring 2003.

The machine produces offset and rotogravure LWC grades in the 57-90 g/m² range. Its operating speed is 1400 m/min and the web width on the reel is 8,280 mm.

The delivery will include two OptiCoat Jet application beams, FoilForce tail threading equipment, a metsoDNA process control system and a large dryer section rebuild in which most of the electric IR dyers will be replaced by gas-heated PowerDry and TurnDry air dryers. A rebuild of the coating machine circulation will also be in the delivery. When the machine was originally started up in 1969, it was the widest in the world.

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.