Metso Corporation's press release on January 20, 2009 at 1.30 p.m.
Metso's customer Aracruz announced on January 19, 2009 that it plans to resume the expansion project at the Guaíba unit in the state of Rio Grande do Sul, Brazil, as from the first half of 2011. Metso has done work for the pulp project in the cost frame covered by the down payment and the project remains in Metso's order backlog. Metso continues negotiations with Aracruz about the new implementation schedule of the project.
For more information, please see our releases on August 21, 2008 and October 20, 2008 on www.metso.com.
Further information for the press, please contact:
Bertel Langenskiöld, President, Paper and Fiber Technology, tel. +358 20 484 3200
Further information for investors, please contact:
Johanna Sintonen, Vice President, Investor Relations, tel. +358 20 484 3253
It should be noted that certain statements herein which are not historical facts, including, without limitation, those regarding expectations for general economic development and the market situation, expectations for customer industry profitability and investment willingness, expectations for company growth, development and profitability and the realization of synergy benefits and cost savings, and statements preceded by "expects", "estimates", "forecasts" or similar expressions, are forward-looking statements. These statements are based on current decisions and plans and currently known factors. They involve risks and uncertainties which may cause the actual results to materially differ from the results currently expected by the company.
Such factors include, but are not limited to:
(1) general economic conditions, including fluctuations in exchange rates and interest levels which influence the operating environment and profitability of customers and thereby the orders received by the company and their margins
(2) the competitive situation, especially significant technological solutions developed by competitors
(3) the company's own operating conditions, such as the success of production, product development and project management and their continuous development and improvement
(4) the success of pending and future acquisitions and restructuring.
Metso is a global supplier of sustainable technology and services for mining, construction, power generation, automation, recycling and the pulp and paper industries. We have over 29,000 employees in more than 50 countries. www.metso.com