SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 |
FORM 6-K |
Report of Foreign Issuer Pursuant to Rule 13a-16 or 15d-16 |
of the Securities Exchange Act of 1934 |
[June 29, 2004] |
Metso Corporation |
(Translation of registrants
name into English) Fabianinkatu 9 A, PO Box 1220 FIN-00101 Helsinki, Finland |
Indicate by check mark whether the registrant files or will file annual reports under cover of Form 20-F or Form 40-F |
Form 20-F _____X____ Form 40-F __________ |
Indicate by check mark whether the registrant by furnishing the information contained in this Form is also thereby furnishing the information to the Commission pursuant to Rule 12g3-2(b) under the Securities Exchange Act of 1934. |
Yes __________ No _____X____ |
If Yes is marked, indicate below the file number assigned to the registrant in connection with Rule 12g-32(b):82-_________ |
SIGNATURES |
Date June 29, 2004 |
Pursuant to the requirements of the Securities Exchange Act of 1934, the Registrant has duly caused this report to be signed on its behalf of the undersigned, thereunto duly authorized. |
Name: |
Olli Vaartimo Executive Vice President and CFO Metso Corporation |
Harri Luoto Senior Vice President, General Counsel Metso Corporation |
METSOS MANAGEMENT AGENDA FOR 2004-2005 |
(Helsinki, Finland, June 29, 2004) - Metso Corporation (NYSE:
MX; HEX: MEO) will present Metsos management agenda for 2004-2005 in
its Capital Markets Day today. In 2005 Metso aims at 6 percent operating
profit and at 12 percent return on capital employed (ROCE). The business
area specific operating profit targets for 2005 are: Metso Paper 5 percent,
Metso Minerals 7 percent, Metso Automation 8 percent and Metso Ventures
6 percent. |
mainly Metso Papers operations in the Nordic countries
and in North America. According to the preliminary estimates, these arrangements
will affect approximately 1,100 - 1,300 persons. One half of the effects
on personnel are estimated to consist of reductions and one half of outsourcing
and actions comparable to outsourcing. More detailed plans of the measures
within Metso Paper will be ready by the January-September Interim Review
on October 28, 2004. |
USA: Mike Phillips, Senior Vice President,
Finance and Administration, Metso USA, Inc., tel. +1 617 369 7850. |