Stock Exchange release June 29, 2004 09:03:10 AM CET
METSO'S, NOKIA'S AND HANSAPRINT'S JOINT VENTURE CLEARED BY EU COMMISSION
Metso Corporation is outsourcing its development project related to intelligent packaging and printing to a new joint venture established with Hansaprint, a Finnish printing house, and Nokia Corporation. The new company, Avantone Oy, will develop and commercialize technologies and solutions for packaging and printing and marketing communications. The company has been approved by the EU Commission. Metso and Nokia own an equal share of the company, and together they own the majority of Avantone's shares. Avantone Oy will be headed by Ilkka Kesola from Metso.
Avantone's target is to develop solutions for consumer packaging and printed media, providing more information and visual appeal to printed products and combining digital content and additional services to packaging.
The new company will start its operations after the necessary set up procedures and other approvals have been completed.
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. Metso has approximately 26,000 employees in 50 countries. Metso Corporation is listed on the Helsinki and New York Stock Exchanges.
It should be noted that certain statements herein which are not historical facts, including, without limitation, those regarding expectations for general economic development and the market situation, expectations for customer industry profitability and investment willingness, expectations for company growth, development and profitability and the realization of synergy benefits and cost savings, and statements preceded by "expects", "estimates", "forecasts" or similar expressions, are forward-looking statements. These statements are based on current decisions and plans and currently known factors. They involve risks and uncertainties which may cause the actual results to materially differ from the results currently expected by the company.
Such factors include, but are not limited to:
(1) general economic conditions, including fluctuations in exchange rates and interest levels which influence the operating environment and profitability of customers and thereby the orders received by the company and their margins
(2) the competitive situation, especially significant technological solutions developed by competitors
(3) the company's own operating conditions, such as the success of production, product development and project management and their continuous development and improvement
(4) the success of pending and future acquisitions and restructuring.