Stock Exchange release May 9, 2003 01:10:18 PM CET
METSO TO SUPPLY FIBERBOARD PRODUCTION EQUIPMENT TO IRAN
Metso Panelboard will supply a MDF (Medium Density Fiberboard) production line to Jahad Tahghighat Group (JTG) in Iran. The deliveries will take place in June and September 2003. The total value of the order is EUR 19 million, approximately one-third of which was included in the order book for the fourth quarter of 2002.
The delivery will include the machinery for an MDF front end for bagasse, a dryer, forming equipment as well as the continuous pressing line. The line, which will use sugar cane as its raw material, will be installed at Sugar Cane And By Products Development Co.'s plant in Shoaibieh, Khuzestan Province in Iran. When in full operation, the annual production capacity of the line will be 150,000 cubic meters
JTG is a leading Iranian engineering, procurement and construction company, which also designs and manufactures heavy equipment and special machines for industrial plants. The Group employes some 1,500 people.
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.