<B>P&amp;G Places Machine Order</B>

Procter & Gamble placed an order from Valmet for two complete tissue machines. The first machine will start next July. The machine will add around 75,000 tons of capacity. There isn't any start-up date for the second machine.

The two machines will be placed at P&G's Mehoopany, Pa., paper mill. The purchase is part of P&G's planned $350 million expansion project slated for the mill.

The purchase brings to seven the number of tissue machines ordered from Valmet over the first seven months of this year. In addition to the P&G purchase, one other tissue machine purchase was made by a U.S. firm; three were places for Europe; and one for Latin America.

According to Valmet, the volume of consumer tissue and towel products has grown by 30% over the past five years. Expansion plans within the world's leading tissue paper manufacturers in the U.S. and Europe are the main reasons for this high activity. However, medium size producers, especially in Europe, have also shown an increasing interest in new high-efficiency technology.