Componenta to supply components for

Componenta to supply components for wind turbine gears Componenta has signed a major contract with Metso Drives Oy for components for wind turbine gears. The contract is worth about EUR 10 million and the component deliveries will take place between 2002 and 2004. The castings for the components will be made at Componenta Suomivalimo in Iisalmi and they will be machined at Componenta Nisamo in Lempäälä. The first deliveries to Metso will take place early in 2002. Production of the components will be at full speed at Suomivalimo in April 2002 and at Nisamo in September 2002. Meeting the orders in accordance with the terms of the agreement will require investments to raise production capacity at both the foundry and the machine shop. The first stages of these investments will take place in 2002 and will cost about EUR 2.7 million. In contrast to most other industrial sectors, construction of wind turbine generators is growing strongly in Europe and the USA. Componenta has reinforced its expertise particularly in the production of components for power generation and wind turbine generators. Helsinki, 26 November 2001 COMPONENTA CORPORATION Heikki Lehtonen President and CEO FURTHER INFORMATION Heikki Lehtonen President and CEO tel. +358 9 225 021 Yrjö Julin Executive Vice President and COO tel. +358 9 225 021 Componenta is a metal sector company with international operations and production plants located in Finland and Sweden. The company's net sales exceed about EUR 195 million and the group employs about 1,900 people. Componenta's shares are quoted on the Main List of the Helsinki Exchanges. The group's customers operate in the heavy truck, general engineering and off-road industries. Componenta specializes in supplying ready-to-install cast, geared and machined components directly to the customer's assembly line. Componenta Corporation World Trade Center Helsinki, Aleksanterinkatu 17 P.O. Box 1132, FIN-00101 Helsinki, Finland Tel. +358 9 225 021 Fax +358 9 2250 2721 ------------------------------------------------------------ This information was brought to you by Waymaker The following files are available for download: