Stock Exchange release March 31, 2004 12:34:16 PM CET

Metso to rebuild Stora Enso's paper machine at Whiting mill, Wisconsin, USA

Metso Paper will rebuild Stora Enso North America's paper machine at the Whiting mill in Wisconsin, the USA. The modernized LWC production line will start up in May 2005. The value of the order is approximately EUR 13 million.
Metso Paper's delivery will consist of a rebuild of the press and dryer sections as well as a modification of the reel and the rereeler. The paper machine (PM 64) has a wire width of 6.2 meters. The rebuild is targeted to improve the line's productivity and paper quality.
Stora Enso North America operates eight mills in North America. In 2003, Stora Enso North America ordered from Metso Paper paper machine rebuilds for its Kimberly and Biron, Wisconsin mills. These projects are currently under delivery. The Stora Enso Group had net sales of EUR 12.2 billion in 2003, and employed some 43,000 people in more than 40 countries.
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 2003, the net sales of Metso Corporation were EUR 4.3 billion. It has approximately 26,000 employees in 50 countries. Metso Corporation is listed on the Helsinki and New York Stock Exchanges.