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Metso's Pulp, Paper and Power business to initiate a cost reduction program to improve its competitiveness

Metso's Pulp, Paper and Power business to initiate a cost reduction program to 
improve its competitiveness 
HELSINKI, FINLAND -- (Marketwired) -- 04/23/13 --  
Metso Corporation's stock exchange release on April 23, 2013 at
12:15 p.m. local
time 
Metso's Pulp, Paper and Power business is to initiate a global cost
competitiveness program to adapt to changes in the marketplace and
improve profitability. The program will target an annual cost
reduction of approximately
EUR 100 million by 2016. 
"The program is aimed at improving our cost competitiveness in a
market that is continuing to experience major structural changes,"
says Pasi Laine, President
of Metso's Pulp, Paper and Power business.
"We are also aiming to improve our
profitability with the help of the
program." 
Permanent structural changes in Metso's Pulp, Paper and Power
business' operating environment have impacted its operations and
undermined its competitiveness and profitability. The underlying
reasons for the situation lie
in the continuing downturn in demand
for paper machinery and the growing trend
towards cheaper technology
solutions. 
"New communications technologies are continuing to weaken the
consumption of
printing and writing paper grades and have been
reflected in a slow-down in the
market for new paper machines. A
lighter cost structure and greater flexibility
will be essential to
competing more effectively as we move forward," Pasi Laine
says. 
"In the power generating sector, we are also experiencing a slower
investment
cycle in Europe and a significant decrease in demand in
North America due to low energy prices resulting from the increased
use of shale gas. We must take action
to reduce our overall costs if
we are to be able to reach our targeted profitability level on new
orders," he adds. 
Planning of the program will now begin in all of Metso Pulp, Paper
and Power's
organisations, at all locations. As planning continues and
becomes more concrete, information will be made available to
employees and stakeholders in
due course. 
Metso's pulp, paper and power professionals specialize in processes,
machinery,
equipment, services, paper machine clothing and filter
fabrics. Our offering and experience cover the entire process life
cycle including new production lines,
rebuilds and services. 
www.metsopaper.com, www.metso.com/power,
www.twitter.com/MetsoPulpPaper 
Metso is a global supplier of technology and services to customers in
the process industries, including mining, construction, pulp and
paper, power, and
oil and gas. Our 30,000 professionals based in over
50 countries contribute to
sustainability and deliver profitability
to customers worldwide. Metso's shares
are listed on the NASDAQ OMX
Helsinki Ltd. 
www.metso.com, www.twitter.com/metsogroup 
Metso Corporation 
Harri Nikunen 
CFO 
Juha Rouhiainen 
VP, Investor Relations 
Distribution: 
NASDAQ OMX Helsinki Ltd 
Media 
www.metso.com 
This announcement is distributed by Thomson Reuters on behalf of
Thomson Reuters clients. The owner of this announcement warrants
that: 
(i) the releases contained herein are protected by copyright and    
other applicable laws; and 
(ii) they are solely responsible for the content, accuracy and     
originality of the information contained therein. 
Source: Metso Corporation via Thomson Reuters ONE 
[HUG#1695280] 
For further information, please contact: 
Pasi Laine
President, Pulp, Paper and Power
Metso Corporation
tel. +358 20 484 3200 
Harri Nikunen
CFO
Metso Corporation
tel. +358 20 484 3010