Stock Exchange release December 8, 2006 08:30:33 AM CET

Metso opens new paper machine production facility in Shanghai

Metso Paper has opened a new paper machine production facility in Shanghai, China. The inauguration ceremony of Metso Paper Technology (Shanghai) Co., Ltd. was arranged in Jiading, Shanghai on Friday, 8 December.
 
The Shanghai unit, acquired by Metso in August 2006, comprises a modern workshop, a foundry and a design department. In the first phase the unit will concentrate on manufacturing paper and board machine sections mainly for Metso Paper's delivery projects in China. The unit can also supply components for deliveries outside China. The unit employs some 450 people.
 
China's paper industry is growing strongly. Since the year 2000, about half of the world's orders for new, big paper manufacturing lines have come from China. The new Shanghai production facility creates new possibilities for Metso Paper to further strengthen their customer service, servicing, manufacturing, and sourcing operations.
 
More than 30 % of the new paper and board production capacity built in China since 2000 is based on Metso technology.
 
Currently Metso Paper has production and customer service operations at six locations in China. Total number of personnel is close to 1,800, including the Valmet-Xian joint venture.
 
Metso is a global engineering and technology corporation with 2005 net sales of approximately EUR 4.2 billion. Its 22,000 employees in more than 50 countries serve customers in the pulp and paper industry, rock and minerals processing, the energy industry, and selected other industries.
www.metso.com
 
 
For further information, please contact:
Jukka Kyttälä, Managing Director, Metso Paper Technology (Shanghai) Co., Ltd.
Tel: + 86 137 8898 2230 or +358 40 709 6087, E-mail: jukka.kyttala@metso.com