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Metso Invests in Process Industry Material Technology

5 June 2000

Metso Invests in Process Industry Material Technology

    HELSINKI, Finland, June 5 Metso Corporation has acquired the last third of the
share capital of Santasalo Powdermet Oy from Sitra, the Finnish National Fund
for Research and Development.  Santasalo Powdermet Oy was previously owned by
Metso (2/3) and Sitra (1/3).  The acquisition supports Metso's strategy of
serving the process industry.  Material technology has a central position in
developing more effective processes and durable process equipment.
    Santasalo Powdermet Oy is an expert in material technology and especially
in powder metallurgical solutions used in machine parts manufacturing.  The
company employs 15 persons in Finland, Sweden and the UK.  In 1999, the net
sales of Santasalo Powdermet totaled EUR 6 million.  Santasalo Powdermet is
part of the Santasalo Group in Metso Corporation's machinery business area.
    Metso's Gears and Components business group Santasalo develops,
manufactures and supplies industrial gears and hydraulic motors and provides
related maintenance services.  The group also provides designing,
manufacturing and expert services for machine construction.  In 1999, the net
sales of the group totaled EUR 103 million and the number of personnel was
approximately 1,250.
    Metso Corporation is a global supplier of process industry machinery and
systems.  Metso's business areas are fiber and paper technology, automation
and control technology and machinery.  The net sales of Metso Corporation were
EUR 3.4 billion in 1999 and the personnel totaled approximately 23,000.  Metso
Corporation is listed on the Helsinki Exchanges and the New York Stock
Exchange.