Stock Exchange release March 31, 2005 12:52:24 PM CET

Metso Paper to modernize CENIBRA's fiber line in Brazil

Metso Paper will supply chemical pulping technology for the Brazilian pulp producer CENIBRA (Celulose Nipo-Brasileira S.A.) for the modernization of its fiber line in the Belo Oriente pulp mill in the state of Gerais Minas. The value of the order is over EUR 20 million. The upgraded fiber line will start up in May 2006.
 
The scope of Metso Paper's delivery comprises upgrading of the fiber line system from brown stock washing up to bleached stock storage. After the modernization, the line will be capable of producing daily 2,000 tons of bleached eucalyptus pulp. Also the oxygen delignification process will be upgraded and new wash presses installed.
 
The investment is targeted to improve the mill's economy and to reduce its environmental impact. The mill's total annual pulp production will increase from 940,000 tons up to 1,140,000 tons.
 
Celulose Nipo-Brasileira S.A. is fully owned by JBP (Japan Brazil Paper and Pulp Resources Development Co., Ltd.), which is a group of 17 Japanese companies. Oji Paper and Itochu are among the owners with a 39.5% share each.
 
Metso is a global technology corporation serving customers in the pulp and paper industry, rock and minerals processing, the energy industry and in selected other industries. In 2004, the net sales of Metso Corporation were approx. EUR 4 billion, and it has some 23,000 employees in more than 50 countries. Metso's shares are listed on the Helsinki and New York Stock Exchanges.