Stock Exchange release July 3, 2003 08:59:59 AM CET

Metso to rebuild a Slovakian pulp and paper mill

Metso Paper will rebuild a pulp and paper mill of the Slovakian pulp and paper producer, Severoslovenske Celulozky a Papierne a.s. in Ruzomberok. The rebuild targets production increase and process improvements, which will enable the mill to lower its environmental impact. The modernizations will be completed by September 2004.
 
Metso Paper's delivery will include the modernization of the washing and screening systems, as well as of the oxygen delignification and bleaching processes. Metso Paper will also supply a complete bale dewiring line for the paper mill. The new equipment will preserve pulp quality and increase the mill's daily production capacity from the present 900 air-dry tonnes to 1,300 air-dry tonnes. The new oxygen delignification process will reduce both chemical consumption and costs, while also increasing the yield. The ozone stage in turn will lower the amount of clorinated organic compounds (AOX) from the bleaching process, thus reducing the mill's environmental impact.
 
The new dewiring line will be taken into use in October this year, the screening system in December and the bleach plant in September 2004.
 
Severoslovenske Celulozky a Papierne a.s. is a member of Neusiedler Group, one of the largest European manufacturers of office communication papers. The Group operates seven plants in Austria, Slovakia, Hungary, Israel and the Republic of Komi. In 2002, the Group's turnover was EUR 1,216 million.
 
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.