Stock Exchange release July 23, 2003 12:03:32 PM CET

METSO TO SUPPLY WOODHANDLING TECHNOLOGY TO VERACEL IN BRAZIL

Metso Paper will supply a complete woodyard system at the new pulp mill of Veracel Celulose S.A. in Eunápolis, state of Bahia, Brazil. The value of the order is approximately EUR 25 million, including deliveries from sub-suppliers.The start up of the mill is scheduled for mid 2005.
Metso Paper's delivery consists of a complete wood processing system for eucalyptus wood produced in Veracel's forest plantations. The system, which will be one of the largest in the world, will include two chipping lines, a chip handling system as well as a bark and fuel handling system.
Veracel Celulose is a joint venture of Stora Enso and Aracruz Celulose S.A. The new greenfield pulp mill will be built in Eunápolis in the state of Bahia. The mill will produce 900,000 tonnes of eucalyptus based kraft pulp a year.
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.