HELSINKI, Finland, Jan. 7, 2002 (PRIMEZONE) -- Metso Corporation (NYSE:MX).
Metso Paper will supply Sappi Fine Paper North America with a rebuild of their Somerset mill PM 3 coated fine paper machine in Skowhegan, Maine. The approx. EUR 10 million delivery will increase production speed and machine efficiency. The rebuilt machine will come on stream in March 2003.
The Somerset mill operates three coated fine paper machines.
Sappi Fine Paper is the leading manufacturer of coated woodfree paper in North America with an annual capacity of approximately 1.3 million tons of coated woodfree, specialty and technical papers. The company has three paper mills located in Maine and Michigan.
Metso Corporation (NYSE:MX) 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.
Metso completed its offer for Svedala Industri AB on September 14, 2001. Svedala is a global supplier of products and services for rock and mineral processes. Metso's and Svedala's combined net sales are approximately EUR 5,400 million (in 2000) and the amount of personnel is approximately 32,000.