Metso to Supply Pulp Mill Equipment for Greenfield Project in Brazil

Helsinki, Finland, 14 June 2007 -- Metso Paper’s Power business line will supply a new recovery boiler, a new evaporation plant, and a new power boiler for a greenfield pulp mill in Brazil.

Start-up is scheduled for the first half of 2009. The total value of the order is approximately EUR 150 million.

The order was placed to Poyry Empreendimentos Industriais S.A., the contractor chosen by Chamflora, subsidiary of IP, to build the mill at the Três Lagoas site in Brazil´s Mato Grosso do Sul state. The project was recently transferred to VCP as part of an asset exchange between the two companies.

The recovery boiler is rated at 5300 tons of dry solids per day and the evaporation plant at 1250 tons of evaporated water per hour. The biomass-fired power boiler (108 MWth) uses bubbling fluidized bed technology.

The design capacity of this greenfield bleached eucalyptus market pulp mill is 1,250,000 tons per year.

VCP, part of the Votorantim Group (one of the largest private industrial conglomerates in Latin America), is one of Latin America’s biggest pulp and paper manufacturers. In Brazil, it is a leader in the segments of coated paper, carbonless paper, thermal paper, and other special grades.

Metso is a global engineering and technology corporation with 2006 net sales of approximately EUR 5 billion. Its 25,500 employees in more than 50 countries serve customers in the pulp and paper industry, rock and minerals processing, the energy industry, and selected other industries.

www.metso.com