Stock Exchange release February 18, 2003 10:35:30 AM CET
Metso's contract for the Ningbo boardmachine becomes effective
Metso Paper's contract for a complete boardmaking line with Ning Shing Development Co. in Ningbo, Zheijiang, China has become effective. Metso has received the advance payment from the customer, and the order is included in the order book for the first quarter of 2003. The contract was signed in November 2002.
The value of the order is approximately EUR 220 million, and the new line will be the largest board production line in the world.
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 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.