Stock Exchange release November 20, 2003 10:11:42 AM CET

METSO'S RISTO VÄÄTÄNEN RECEIVES A PRESTIGIOUS INDUSTRIAL DESIGN PRIZE IN FINLAND

Design Forum Finland and the Finnish Fair Foundation have today awarded the Kaj Franck Design Prize to Risto Väätänen, Manager, Industrial Design, Metso Paper. The prize, awarded for the twelfth time, aims to support a designer or a team, which has innovatively created industrial products or works. The prize is worth EUR 10.000, and it is among the most prestigious design awards in Finland.
 
Risto Väätänen, Manager, Industrial Design, started his career in Arabia, a part of Wärtsilä, in the 1970's. He then transferred to Wärtsilä, a predecessor of Metso, to design printing machines and later paper finishing systems and paper machines. Väätänen has been teaching in the University of Art and Design as well as in the Helsinki University of Technology for 20 years.
 
The key components in Väätänen's design philosophy are simplicity, lucidity, and focus on the essential. A culmination in his career was the design of the new generation OptiConcept paper production line. In his work, he strives to combine the product's cost efficiency, usability and a proper appearance.
 
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.