Stock Exchange release October 30, 2003 10:05:29 AM CET

METSO TO DELIVER METAL RECYCLING ORDERS WORTH EUR 23 MILLION

 Metso Minerals has received significant orders for metal recycling equipment from Western Europe, Asia and South America during the third quarter of 2003. The combined value of these orders is approximately EUR 23 million. The deliveries will take place during the first half of 2004.

The delivery to Yamanaka in Tochigi, Japan, will comprise a complete shredder plant, including a 3,000 horse power shredder and the necessary equipment for dedusting, as well as equipment for air classification, magnet separation and conveying of the shredded material. The new plant, which will start operations in the middle of 2004, will process up to 90 tons per hour of light to medium-heavy mixed metal scrap including bales into high quality shredder scrap.
Metso Minerals will also supply a plant for shredder residue processing to TTK (Tokyo Tekko KK), Hachinoe Works in Japan. The process will separate inert material, such as glass and sand, metal fraction and organic fraction, mainly plastics. The plant will operate 24 hours a day at a rate of 4 tons per hour. The new plant will start up in May 2004. Approximately 50 per cent of the new plant will be financed by the National Government Research Fund in Japan.
In the Netherlands, Metso Minerals has received an order for two scrap shears for Van Dalen scrap yards in Nijmegen and Niewerkerk a/d Ijssel. The hydraulic scrap shears with 360 kW driving power and 800 tons shearing force each, will be processing a wide range of scrap, starting in early 2004. The capacity of each shear is up to 50 tons per hour, depending on the quality of the material.
In September 2003 the order backlog of Metso Minerals' metal recycling equipment business was EUR 62 million. The business has been growing approximately by 30 per cent in 2003. Metso Minerals' Lindemann unit, which is based in Dusseldorf, Germany, has specialized in equipment and solutions for metal recycling and the recycling of industrial and household waste. Today, Metso Minerals is the global market leader in metal recycling equipment.
The prices for recycled metal have increased from the beginning of 2002, which has reflected in the investment willingness of metal recycling industry. The growing market areas for new metal scrap processing plants are in Asia, Eastern Europe and South America, which have a high potential for economic growth and increasing steel consumption and production. Western Europe and North America are focusing primarily on the replacement and modernization of scrap metal recycling equipment.
Also ecological factors have promoted the recycling of steel and other metals, as the use of recycled raw material significantly lowers the energy consumption and pollutant production in, for example, steel production. Today already approximately 50 per cent of the global steel production is using recycled steel as its raw material.
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 2002, the net sales of Metso Corporation were EUR 4.7 billion and the personnel totaled approximately 28,500. Metso Corporation is listed on the Helsinki and New York Stock Exchanges.