Stock Exchange release June 26, 2002 09:34:08 AM CET
METSO AGREED UPON SERVICE COOPERATION WITH M-REAL KANGAS AND M-REAL ÄÄNEKOSKI PAPER
Metso Paper and M-real Corporation have signed a cooperation agreement covering the annual maintenance and performance development of three paper production lines. The agreement provides a framework for the long-term development of production line uptime, cost effectiveness and the quality of the paper produced. It relates to the Metso Future Care business concept, which aims to optimize efficiency throughout the production line life cycle.
The agreement covers separately defined process and condition tests to be carried out on two paper machines at M-real's Kangas mill and on one machine at their Äänekoski mill, as well as preventive maintenance programs. Metso will also be responsible for the long-term performance development of M-Real's Kangas mill production lines together with the customer.
Metso Paper has concluded in Europe over 20 extensive cooperation agreements relating to the development and maintenance of paper production lines.
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.