Metsä Tissue to close its converting unit Tissue Canarias S.A


20/09/2007

Metsä Tissue to close its converting unit Tissue Canarias S.A. 

Metsä Tissue will close down its converting unit Tissue Canarias S.A. on the
Canary Islands by the end of 2007. 

"According to its strategy Metsä Tissue is focusing on building strong tissue
product brands in the Central, Northern and Eastern European markets. Tissue
Canarias no longer supports this target and thus the closing of the unit
enables us to better focus on our core operations and markets. We also want to
close unnecessary capacity." says Hannu Kottonen, CEO Metsä Tissue. 

Tissue Canarias S.A. employs 16 people. A provision for closing of operations
of EUR 2,5 million has been made. 

Metsä Tissue Corporation

Further information
Hannu Kottonen, CEO, +358 10 4616