Stock Exchange release January 8, 2008 01:00:00 PM CET

Metso to expand boiler service business in the USA

Metso Power, a part of Metso Paper business area, will expand its boiler service capacity in the USA with a EUR 10 million investment. The investment is a part of Metso's profitable growth strategy. It supports the service business growth and will enhance its portfolio of service offerings to the North American pulp & paper and power generation market.
 
Metso Power will establish a new boiler service center and expand an existing one to better serve its customers in North America.
 
The new boiler service center will be located in Lancaster, South Carolina. It is close to the Charlotte, North Carolina area, central to a high concentration of Metso Power boiler installations, as well as Metso Power's North American office.
 
The existing boiler service center in Fairmont, West Virginia will be expanded.
 
In total, the two centers employ about 100 people. The investments will be completed during the second quarter of 2008.
 
Metso is a global engineering and technology corporation with 2006 net sales of approximately EUR 5 billion. Its more than 26,000 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:
Martin Ridderheim, Vice President & General Manager, Metso Power,
tel. +46 706 541 237
Gene Christiansen, General Manager, Service, Metso Power, tel. +1 704 541 1453