Stock Exchange release February 14, 2001 02:02:20 PM CET


Metso Paper rebuilds a paper machine with an over EUR 20 million delivery to Metsä-Serla's Kyro mill in Finland. The rebuilt machine, which produces coated and uncoated wallpaper base, will start up in March 2002, following a one month shutdown.

The rebuild of PM 3 will improve the quality of the base paper, especially its dimensional stability and base formation, and the surface properties of the coated wallpaper. Design speed for the new parts is 1000 m/min. The annual production is approx. 100,000 tons. Metso Paper previously carried out an extensive rebuild of PM 3 in 1984, and also rebuilt the mill's BM 1, which produces folding boxboard, in 1996.

Participating in the delivery will be Metso Paper's business units located at Jyväskylä, Järvenpää, Raisio, Tampere, Turku and Valkeakoski, Finland. Metso Automation and Metso Drives will also participate in the delivery.

Metsä-Serla Corporation is a major European forest industry company, specializing in coated paper and board production. In 2000, Metsä-Serla had net sales of EUR 5,898 million. At the end of 2000 Metsä-Serla had a personnel of approx. 19,000.

Metso Corporation is a global supplier of process industry machinery and systems. Metso's core businesses are divided between Metso Paper (fiber and paper technology), Metso Minerals (rock and mineral processing) and Metso Automation (automation and control technology). In 2000, the net sales of Metso Corporation were EUR 3.9 billion, and the personnel totaled approximately 22,000. Metso Corporation is listed on the Helsinki and New York Stock Exchanges.

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