Stock Exchange release March 25, 2002 02:31:39 PM CET


Metso Paper will deliver an extensive paper machine rebuild to UPM-Kymmene's Jämsänkoski mill in Finland. The Jämsänkoski PM 3, which is Europe's leading paper machine producing label papers, will be rebuilt by the early spring of 2003. The parties have agreed not to disclose the value of the order.

The delivery includes a renewal of the coater, calender and winder aimed at raising the machine's speed and improving the paper quality. The machine was last rebuilt in 1998, when Metso Paper modernized the wire and press sections.

The main responsibility for the rebuild will be taken by Metso Paper's Järvenpää units, which manufacture paper coaters, calenders, reels and winders.

UPM-Kymmene is one of the leading forest product companies in the world. The company's businesses focus on printing papers, converting materials, and wood products. The company has production in 17 countries and an extensive sales network comprising over 170 sales and distribution companies. UPM-Kymmene's turnover in 2001 was nearly 10 billion euros and it employs over 36,000 people. UPM-Kymmene's shares are quoted on the Helsinki and New York stock exchanges.

Metso Corporation is a global supplier of process industry machinery and systems, as well as know-how and aftermarket services. The Corporation's core businesses are fiber and paper technology (Metso Paper), rock and mineral processing (Metso Minerals) and automation and control technology (Metso Automation). In 2001, the net sales of Metso Corporation were EUR 4.3 billion and the personnel totaled approximately 30,000. Metso Corporation is listed on the Helsinki and New York Stock Exchanges.

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