Metso Corporation's press release on September 13, 2010 at 1:00 p.m. local time
Metso Corporation's Annual General Meeting on March 30, 2010 authorized the Board of Directors to decide on a donation of a maximum of EUR 2.5 million to universities.
On the basis of the decision made by the Annual General Meeting, Metso has decided to grant a donation of EUR 1.9 million to Aalto University Foundation. Metso is directing donations to other universities as follows:
… Tampere University of Technology's TUT Foundation EUR 350,000 … University of Jyvaskyla EUR 100,000 … Aabo Akademi University EUR 50,000 … Lappeenranta University of Technology EUR 50,000 … University of Oulu EUR 50,000
With these decisions, the donation authorization granted by the Annual General Meeting has been exercised in full.
"Metso appreciates its cooperation with frontline universities around the world. These donations strengthen the new financing model aligned together by the Finnish government and the economic life to support the ability of Aalto University and four other Finnish universities to provide internationally competitive research and education" assesses Metso's President and CEO Jorma Eloranta.
Metso is a global supplier of sustainable technology and services for mining, construction, power generation, automation, recycling and the pulp and paper industries. We have about 27,000 employees in more than 50 countries. www.metso.com (http://www.metso.com)
Further information for the press, please contact: Jukka Seppala, Vice President, Stakeholder Relations and Trade Policy, Metso Corporation, tel. +358 (0)20 484 3106
Further information for investors, please contact: Johanna Henttonen, Vice President, Investor Relations, Metso Corporation, tel. +358 20 484 3253
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Source: Metso Corporation via Thomson Reuters ONE