Stock Exchange release June 28, 2001 02:34:17 PM CET


Metso Paper has decided to enlarge its offices in Jyväskylä, Finland by altogether some 10,000 sq.m. The enlargement will be completed in the end of 2003. Value of the investment is EUR 15 million.

The main part of the building investments consists of new service logistics center and the new office wing. The equipment for the logistics center and the refurbishing the old buildings are included in the investment. The new office wing will include working space for 150 - 200 employees. The building will also include customer training center.

Planing of the area has already started, and the actual construction work will begin in Autumn this year.

Metso Corporation is a global supplier of process industry machinery and systems. The corporation's fiber and paper technology business area, Metso Paper, is the world's leading supplier of technology, systems and equipment for the pulp, paper, converting and panelboard industries. Metso's other core businesses are divided between 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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