Stock Exchange release January 28, 2003 02:04:56 PM CET
METSO TO SUPPLY TISSUE MAKING LINE TO PROCTER & GAMBLE IN THE USA
Metso Paper will supply a complete tissue making line to Procter & Gamble plant in Missouri, the USA. The new machine is scheduled to start up in 2004. The value of the order is not disclosed.
The delivery will be a part of the expansion of Procter & Gamble's operations in Cape Girardeau, Missouri. The start up of the new machine will increase the plant's annual production capacity of super soft tissue and towel products by 80,000 tons. These products are marketed under Bounty and Charmin brands.
The new Cape Girardeau tissue making line will be the eight tissue machine of the same category Metso Paper has supplied to Procter & Gamble in the United States. In the past three years, Metso Paper has delivered two tissue machines to Cape Girardeau and two to Procter & Gamble's mill in Meehoopany, Pennsylvania.
Procter & Gamble Company is a world leader in the development, distribution and marketing of consumer brands. The 165-year old company markets nearly 300 brands in more than 160 countries around the world. They have 102,000 employees working in almost 80 countries worldwide. In 2002, the net sales amounted to USD 40 billion.
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.