METSO CONTINUES NEGOTIATIONS WITH THYSSENKRUPP AUTOMOTIVE

12/18/2003, 10:01 AM (Source: GlobeNewswire)

ThyssenKrupp Automotive AG has informed Metso Corporation that it
does not intend to use its option to acquire the remaining 90 per
cent of Valmet Automotive's shares by the end of 2003. ThyssenKrupp
Automotive currently ownes 10 per cent of Valmet Automotive.
ThyssenKrupp Automotive continues, however, to be interested in
Valmet Automotive and Metso and ThyssenKrupp Automotive have agreed
to continue negotiations in 2004.
Valmet Automotive, a part of Metso Corporation, is a contract
manufacturer concentrated in the development and manufacture of
demanding specialty cars. According to Metso's strategy car
manufacturing is not the Corporation's core business and the target
has been to find a strategic partner to Valmet Automotive.
ThyssenKrupp Automotive AG is one of the biggest automotive suppliers
with annual net sales of EUR 6,1 billion. The company has more than
120 factories in 16 countries, and their customers are the leading
car manufacturers worldwide. ThyssenKrupp Automotive employs
approximately 41,000 persons.
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:

Olli Vaartimo, President and CEO, Metso Corporation, tel. +358 204 84
3010

Eeva Mäkelä, Manager, Investor Relations, Metso Corporation, tel.
+358 204 43253
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