Stock Exchange release November 28, 2000 10:16:30 AM CET


Metso Corporation and Infonet Finland Oy have signed an agreement concerning global telecommunications services. Infonet will renew, build and maintain Metso Corporation’s global network services, linking Metso’s approx. 16,000 employees in over 150 operating units in nearly 40 countries. The 3-year agreement is valued at approx. EUR 10 million.

The new uniform information network will be crucial in Metso’s post-merger strategy of capitalizing on synergy benefits between of its business areas and developing its overall business. The uniform network, covering all five continents where Metso has operations, will form a platform for introducing new business concepts, such as e-business, and for future high-quality IT solutions.

Infonet’s technical solution for linking Metso’s operating units, known as the Global Frame Relay service, will enable IT-application-specific prioritization of data communications. Thus the applications that are the most critical, such as enterprise resource planning or ordering systems, will be given priority in the network over other traffic. Infonet’s network will also provide a platform for future construction of global data security and other value-added services required by e-business, which Metso is researching and developing.

Metso is exploiting rapidly-developing communications technology to serve its customers independent of time or place. An example of this is the Remote Diagnostics Center opened by the Service unit of Metso’s fiber and paper technology business area in Jyväskylä, Finland. The Center provides contract customers with maintenance and problem solving services based on direct on-line connections to the customer’s production system. Metso aims to be among the leaders in applying new technology in traditional manufacturing industry by the end of 2001.

Infonet Finland Oy is a company jointly owned by Infonet Services Corporation and Sonera Corporation. It sells and supports Infonet services in Finland. Infonet Services Corporation designs, builds and maintains global information networks and telecommunication services for multinational corporations and organizations. Infonet’s network is accessible from 180 countries, and it has local offices in over 60 countries. Infonet Services Corporation expects its net sales for the 2000/2001 financial year to reach about USD 700 million. Its shares are quoted on the New York and Frankfurt Stock Exchanges.

Metso Corporation is a global supplier of process industry machinery and systems. Metso’s business areas are fiber and paper technology, automation and control technology, and machinery. In 1999, the net sales of Metso Corporation were EUR 3.4 billion, and the personnel totaled approximately 23,000. Metso Corporation is listed on the Helsinki and New York Stock Exchanges.

Metso in Twitter