Stock Exchange release July 3, 2002 01:34:51 PM CET

METSO TO SUPPLY MAJOR REBUILD FOR GASPÉSIA PAPERS, CANADA

Metso Paper will supply a major rebuild of on-line printing and writing super-calendered coated paper line to Gaspésia Papers in Chandler, Quebec. The rebuild, which will cover all the main sections of paper line, will be completed by mid-2004. The value of the order is not disclosed.
 
This comprehensive order includes an extensive package of Metso equipment for highly bleached pulp production, stock preparation, papermaking and finishing; all auxiliary systems for lubrication, mechanical drives and controls; a comprehensive package of spare parts; installation and supervision; a support package for after start-up; a basic training package; and a cooperation agreement between Gaspésia and Metso. The order also includes one of the most extensive automation systems sold by Metso Automation in recent years. The scope of supply comprises a complete metsoDNA system, systems for monitoring paper quality and testing as well as a substantial number of analyzers and a complete line of control valves.
 
PM 1 was originally installed in 1967 and rebuilt by Metso Paper in the late 1980s. Following the upcoming rebuild, the machine will be capable of producing high-quality coated paper, using bleached pulp, in the basis weight range of 60-80 g/m2.
 
Gaspésia Papers is a limited partnership of the Fonds de Solidarité des travailleurs du Québec (FTQ), SGF Rexfor Inc., and Tembec Inc., which is acting as main operator for this project. It was formed after the FTQ purchased the Chandler facility from Abitibi-Consolidated about two years ago with plans to modernize the mill.
 
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.