Metso Strengthens its Engineering Capabilities in India

Helsinki, Finland, 05 June 2008 -- Metso is strengthening its engineering capabilities in India by entering into a joint venture between Metso Power and EPT Engineering Services Pvt. Ltd. Metso will own 51% of the new company, called Metso Power India Private Limited, which will start its operations in July 2008 in Chennai. The new company will support Metso’s growth strategy by providing engineering services primarily to Metso Power’s global business operations, but gradually also to other Metso units. During the first year the company will employ about 50 people.

EPT Engineering Services is one of Metso Power’s biggest global engineering subcontractors. The company has extensive engineering know-how in power and recovery boilers and in evaporators, which all are Metso Power’s main products.

EPT Engineering Services Pvt. Ltd (www.eptengg.in) is a multidisciplinary engineering, procurement, expediting, quality control, and project management company. It offers expertise in numerous engineering disciplines including design, detailed engineering, and computer aided design to global customers. EPT has more than 100 employees in India.

Metso (www.metso.com) is a global engineering and technology corporation with 2007 net sales of over EUR 6 billion. Its more than 27,000 employees in approximately 50 countries serve customers in the pulp and paper industry, rock and minerals processing, the energy industry, and selected other industries.