Metso rebuilds a paper machine at UPM-Ky

Metso Corp.  Stock Exchange Release June 23, 2003 at 10.00 a.m.

Metso rebuilds a paper machine at UPM-Kymmene Rauma mill

Metso Paper will supply a paper machine rebuild at UPM-Kymmene's Rauma
mill. The modernization of the SC paper machine will improve paper
quality, machine efficiency and running speed. The rebuilt machine
will start up in spring 2004. The value of the order is in excess of
EUR 20 million.

The modernization comprises of a new headbox and a wire section as
well as modifications in the press section and the dryer section. In
addition, Metso Automation will supply a control system for the
headbox. With the rebuild, the quality - for example, printability and
printing press runnability - will be improved significantly. Machine
efficiency will be improved through better runnability and stability.
The average running speed will be raised by approximately 150 m/min,
and annual capacity by approximately 30,000 tonnes.

The PM 2 was originally supplied by Beloit in 1971. It has a wire
width of 9.15 m and a construction speed of 1400 m/min. Valmet rebuilt
the machine extensively in 1990.

UPM-Kymmene's Rauma mill has four paper machines, two of which produce
light weight coated magazine papers (LWC) while the other two produce
supercalendered magazine papers (SC) for offset and rotogravure
printing. PM 2 produces SC rotogravure papers, which are used by
magazine and directory publishers worldwide. The annual paper
production capacity of the Rauma mill is 1.2 million tonnes and the
mill employs 1,200 people.

Metso Corporation is a global supplier of process industry machinery
and systems, as well as know-how and aftermarket services. The
corporation's core businesses are fiber and paper technology (Metso
Paper), rock and mineral processing (Metso Minerals) and automation
and control technology (Metso Automation). In 2002, the net sales of
Metso Corporation were EUR 4.7 billion and the personnel totaled
approximately 28,500. Metso Corporation is listed on the Helsinki and
New York Stock Exchanges.

For additional information, please contact:

Ilpo Ollila, Vice President, Sales, tel. +358 40 502 4013

Metso Corporation

Olli Vaartimo                       Helena Aatinen
Executive Vice President and CFO    Senior Vice President
                                    Corporate Communications

Helsinki Exchanges
New York Stock Exchange

About Us

Metso is a world-leading industrial company offering equipment and services for the sustainable processing and flow of natural resources in the mining, aggregates, recycling and process industries. With our unique knowledge and innovative solutions, we help our customers improve their operational efficiency, reduce risks and increase profitability. Metso employs over 14,000 people in more than 50 countries.