Metsä Tissue to invest EUR 30 million in Düren mill and SAGA brand development

Metsä Tissue Corporation, a leading supplier of tissue and cooking papers and
part of Metsäliitto Group, has today announced plans to invest nearly EUR 30
million in its newly acquired capacity at the Düren mill in Germany. The sum
includes approximately EUR 10 million invested in a paper machine (PM5),
related real estate and infrastructure assets purchased from M-Real in a deal
announced last week. The transaction closed yesterday. The mill will specialize
in producing the company's baking and cooking papers sold and marketed under
the SAGA brand. 

The investment programme will kick off immediately with a machine rebuild
scheduled to be ready during the second quarter of 2011. The rebuilt paper
machine will be equipped with enhanced coating options and supported by five
converting lines and other related equipment. One of the converting lines is
brand-new and the others will be moved gradually from Finland. Converting is
scheduled to start up between February and July 2011. Baking and Cooking
production at the company's Mänttä will be downsized from two paper machines to
one during the first half of next year when the 82-year-old paper machine is
shut down. 

“This investment programme is a major step in the development of our Baking and
Cooking business,” says Hannu Kottonen, CEO. 

“With the help of these newly acquired and rebuilt assets, we will further
enhance SAGA's product quality and launch new products and categories
strengthening the brand. We will do this in close co-operation with our
end-users,” says Raija Mörö, Senior Vice President, Baking & Cooking business. 

For further information, please contact:
Hannu Kottonen, CEO                                                             
Tel. +358 (0) 1046 54959                                                        
Raija Mörö, SVP, Baking & Cooking                                               
Tel. +358 (0) 1046 47610                                                        
Marja-Leena Dahlskog, Communications Manager                                    
Tel. +358 (0)1046 55149                                                         
Metsä Tissue is a leading tissue paper products supplier to households and
large-scale consumers in Europe. We are also the world's leading supplier of
baking and cooking paper products. Our main brands are Lambi, Serla, Mola,
Tento, Katrin, Fasana and SAGA. We have 3150 employees and production based in
Finland, Germany, Poland, Russia, Slovakia and Sweden. Our turnover is EUR 890
million. Metsä Tissue is part of the Metsäliitto Group. 
SAGA is a high-quality brand for consumers and professionals in the baking and
cooking markets globally. With its smart, user-friendly features, SAGA makes it
easy and inspiring to prepare, cook and serve tasty and healthy food. The SAGA
offering consists of multipurpose food-grade and greaseproof cooking and baking
papers. SAGA is a registered trademark of Metsä Tissue, the world's leading
supplier of cooking papers. 

About Us

Metsä With its high-quality tissue and cooking papers, Metsä Tissue makes life more comfortable for consumers, customers and end-users every day. Metsä Tissue is a leading tissue paper products supplier to households and professionals in Europe and the world’s leading supplier of baking and cooking papers. Our main brands are Lambi, Serla, Mola, Tento, Katrin and SAGA. With production units in five countries, we employ a total of about 2,800 people. Our sales in 2017 were EUR 1 billion. Metsä Tissue is part of Metsä Group.