Stock Exchange release August 25, 2000 02:02:00 PM CET


Metso Corporation's fiber and paper technology business area, Valmet, and Megatrex Oy have concluded a cooperation agreement for the marketing of broke handling technology and equipment in papermaking. With this agreement Valmet complements its stock preparation solutions for coated paper grades.

Technology developed by Megatrex is targeted to rejects treatment of pigments and fillers in coated paper broke. This new technology enables the recovery of coating and filling minerals. The amount of rejects for landfill is also considerably decreased and environmental effects are reduced. Traditional technologies have not been effective to separate and recover the pigments and minerals of coated paper broke.

Megatrex Oy, based in Kylmäkoski, Finland, develops equipment and technology for separation and mixing of various minerals and fiberous suspensions. Megatrex turnover is appr. EUR 1,7 million and the company employs 10 persons.

Metso Corporation's fiber and paper technology business area, Valmet, is the world's leading supplier of technology, systems and equipment for the pulp, paper, converting and panelboard industries. In 1999, Valmet's net sales were EUR 1.7 billion and it employed 10,600 persons.

Metso Corporation is a global supplier of process industry machinery and systems. In addition to fiber and paper technology, Metso's business areas are 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.

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