SOURCE: Metso Corporation

August 06, 2009 13:21 ET

Metso to supply another fine paper line to a Shandong Chenming company in China

HELSINKI, FINLAND--(Marketwire - August 6, 2009) -

Metso Corporation's company release on August 6, 2009 at 1:30 p.m. local time

Metso has signed a contract with the Chinese Shouguang MeiLun Paper Co., Ltd., for the supply of a large coated fine paper production line to the company's mill in Shouguang, Shandong province, China. Shouguang MeiLun Paper is part of Shandong Chenming Paper Holdings Limited, one of the biggest paper producers in China. The total value of the order is approx. EUR 150 million. Metso estimates to book the order in the Q3 order backlog once the contractual down payment has been received.

The start-up of the production line is scheduled for the first quarter of 2011. The delivery will include a complete paper making line for high quality coated wood free paper.

In July 2009 Metso signed a contract for the supply of a fine paper production line with Shandong Chenming company's other pulp and paper mill in Zhanjiang, Guangdong province, China.

In 2008, Shandong Chenming Paper Holdings Limited had a paper production capacity of over 3 million tons, a turnover of over EUR 2.0 billion and the number of employees was 17,000.

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 about 28,000 employees in more than 50 countries.

Further information for the press, please contact: Bertel Langenskiöld, President, Paper and Fiber Technology, Metso tel. +358 400 813 860

Jari Koikkalainen, Senior Vice President, Sales and Marketing, Paper business line, Metso, tel. +358 40 838 8950

Further information for investors, please contact: Johanna Henttonen, Vice President, Investor Relations, Metso Corporation, tel. +358 20 484 3253

Metso Corporation

Olli Vaartimo Executive Vice President and CFO

Kati Renvall Vice President, Group Communications

Distribution: NASDAQ OMX Helsinki Ltd Media

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