<B>Valmet Expands into Brazil</B>

Metso Corporation's fiber and paper technology business area, Valmet announced plans to expand its service operations in Brazil through the acquisition of a majority of the assets of a factory owned by Beloit Industrial Ltda., a Brazilian-based company. The deal includes the site, buildings, and machinery and equipment

The deal in Brazil is related to the acquisition this spring of Beloit's roll covering division and aftermarket operations.

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August 2000
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