Stock Exchange release December 21, 1999 11:20:00 AM CET


Metso Corporation's fiber and paper technology business area Valmet has received an order from Propapier GmbH in Germany to deliver a complete linerboard machine. The order, valued at appr. EUR 55 million will involve several units in the business area. The start-up of the machine is scheduled for early 2001.

The Propapier machine will incorporate the most advanced technology in its field. It will be equipped with two gap formers enabling precise control of the basis weight profile. It will also be the world's fastest linerboard machine with a mechanical design speed of 1500 m/min. It will have an annual production capacity of 275,000 tonnes.

The order will also comprise ventilation, steam and condensate systems, a winder, automation package, central lubrication and mechanical drives.

Propapier GmbH is a subsidiary of the German paper producer Prowell. Propapier will build its new board production line in Burg, close to Magdeburg in Germany. The mill will use recycled fiber as raw material. The total mill investment is valued at EUR 127 million.

Metso Corporation's fiber and paper technology business area Valmet is a world leading supplier of technologies, systems and equipment for the pulp, paper, converting and panelboard industries. In 1998, the business area's pro forma net sales totaled EUR 1.9 billion (FIM 11.6 billion) in 1998 and it had about 10,900 employees.

Metso Corporation was created through the merger of Rauma and Valmet Corporation on July 1, 1999. Metso's business areas are fiber and paper technology, automation and control technology and machinery. The pro forma net sales of Metso Corporation was EUR 3.7 billion (FIM 22 billion) in 1998 and personnel totaled approximately 23,000. Metso Corporation is listed on the Helsinki Exchanges and New York Stock Exchange.

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