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Metso is affected by Gaspesia troubles

As a direct result of the Gaspesia project being on-hold, Metso Paper is prepared to make an approximately EUR 10-…

As a direct result of the Gaspesia project being on-hold, Metso Paper is prepared to make an approximately EUR 10-million reserve in the result for the first quarter of 2004.
In 2002, Metso Paper received an order for a rebuild of an on-line printing and writing supercalandered coated paper line from Papiers Gaspsia in Chandler, QC. The rebuild was supposed to be completed in mid-2004, until Tembec withdrew from the project last month due to additional costs.