Stock Exchange release May 14, 2008 01:00:00 PM CET

Metso to supply iron ore induration machine to Essar Steel Ltd in India

Metso Corporation: Press release on May 14, 2008 at 2.00 p.m. local time
 
Metso Minerals will supply an iron ore induration machine to Global Supplies Ltd., a member of the Essar Group. The machine will be delivered to Essar Steel Holdings Ltd. for its Paradeep Pellet Plant located in Paradeep, India. The delivery will be completed during the second quarter of 2010. The value of the order is approximately EUR 17 million.
 
The order comprises a 744 square meter induration machine with 270 pellet cars with a feed rate of 700 tonnes per hour of iron ore pellets, as well as auxiliary equipment, start-up, commissioning and training services.
 
Global Supplies specializes in global procurement and project execution. The end customer Essar Steel Holdings Limited, is a global producer of steel with a footprint covering India, Canada, USA and the Middle East. It is India's largest exporter of flat steel products.
 
 
Metso is a global engineering and technology corporation with 2007 net sales of over EUR 6 billion. Its almost 27,000 employees in approximately 50 countries serve customers in the pulp and paper industry, rock and minerals processing, the energy industry and selected other industries.
 
 
Further information, please contact:
 
Rich Schmitz, Vice President, Bulk Materials Handling, Mining business line, Metso Minerals, tel +1 412 269 5227