Metso Paper increases prices for Yankee Cylinders

Published Apr 13, 2005 16.00.00 +2 GMT

Metso Paper increases prices for Yankee Cylinders due to increased material and energy prices on the world market.

The prices of some paper machinery components are closely linked to the price development of metal on the world market. In particular this is valid for the Yankee Cylinders used for the drying of most types of tissue paper.

Yankee Cylinders can weigh up to 200 metric tons. The material used for Yankee Cylinders is highly specialized cast iron. For this material, selected iron as well as a number of special alloys are used. Casting of Yankee Cylinders is also extremely energy intensive due to the melting process to combine the materials.

The current conditions on the world market for iron and some alloys as well as the ever increasing energy prices have now led to a dramatic increase in costs of Yankee Cylinder manufacturing. For this reason, all new Yankee Cylinders and assemblies quoted by Metso Paper will experience a price increase in the range of 17% to 20% valid from this date.

Metso is a global technology corporation serving customers in the pulp and paper industry, rock and minerals processing, energy industry as well as in selected other industries. In 2004, the net sales of Metso Corporation were approx. EUR 4 billion, and it has some 23,000 employees in more than 50 countries. Metso's shares are listed in the Helsinki and New York Stock Exchanges.

Marco Marcheggiani, President, Tissue Business Line, Metso Paper Tel: +1 770 263 1544, Mobile: +1 404 229 7575

Ingmar Andersson, Vice President, Business Development, Tissue Business Line,Metso Paper Tel: +46 (0)54 17 13 90, Mobile: +46 (0)705 17 13 90

Magnus Högman, Sales Manager, Yankee Dryers, Tissue Business Line, Metso Paper Tel: +46 54 17 1372, Mobile: +46 70 560 1372