Valmet
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This article contains promotional content. (April 2021) |
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Company type | Public |
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| Headquarters | , Finland |
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| Website | www.valmet.com |
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Valmet Oyj is a Finnish developer and supplier of process technologies, automation systems and services for the pulp, paper and energy industries, as well as broader process industries through its Flow Control business line.
History
1999–2012 Valmet and Rauma merge as Metso
At the end of 2009, Metso acquired Tamfelt Corporation, a supplier of technical textiles.[3][4]
Valmet 2020–
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At the end of June 2020, Neles was separated from Metso. The State of Finland sold its share of 15 per cent to Valmet.[5] In mid-July, the Swedish company Alfa Laval made an offer to buy Neles. Also Valmet started buying Neles stock. By the autumn, Valmet owned nearly 30 per cent of the stock. Alfa Laval only received the support of a third of Neles owners for its takeover bid, and withdrew from the competition in November.[5]
In January 2021, Valmet reported that it would supply the mills of the Swedish company Renewcell with equipment to produce dissolving pulp from recycled clothes and textiles.[6] In May, Valmet announced that it would deliver drying technology to Spinnova, which produces textile fiber from cellulose.[6] Demand for Valmet equipment in the textile recycling sector has been linked to an EU requirement to organize the collection of discarded textiles for recycling by 2025.[citation needed] Valmet had been developing recycling technology with Renewcell for years, and the companies constructed a pilot plant and a factory in Sundsvall together.[6] In July 2021, Valmet and Neles agreed to merge.[7] Neles owners obtained 18.8 per cent of the merging company. The companies’ synergies were described as substantial at the time of the transaction.[citation needed] Neles was expected to contribute to Valmet's automation systems sales, with its products also intended for the paper industry.[5]
Neles merged into Valmet in April 2022, becoming Valmet's fifth business line, Flow Control.[8] The companies had several managers and employees who knew each other from Metso days. After the merger, the company had 17,000 employees, 3,000 of whom came from Neles.[9]
In February 2024, it was announced that President and CEO Pasi Laine would be retiring at the end of September 2024. Danish CEO of Mediq, Thomas Hinnerskov, was chosen by Valmet's board of directors to lead the company as the new President and CEO.[10]
In October 2024, Valmet announced that is it cutting 112 jobs to improve "profitability and competitiveness of the business operations".[11] This comes after a net profit of 157 million euros in Q1-Q2 2024.[12]
See also
References
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- ^ Page Module:Citation/CS1/styles.css has no content."Valmet's Board of Directors". www.valmet.com. Retrieved 2025-08-13.
- ^ a b Page Module:Citation/CS1/styles.css has no content."Valmet's Financial Statements Review 2025, Financial statements". Valmet. Retrieved 6 February 2026.
- ^ Page Module:Citation/CS1/styles.css has no content."Metso-acquired Tamfelt Corp. established as Fabrics business line". www.valmet.com. Retrieved 2021-09-17.
- ^ Page Module:Citation/CS1/styles.css has no content."Metso Corporation Financial Statements 2009" (PDF). cision.com. Retrieved 23 July 2023.
- ^ a b c Page Module:Citation/CS1/styles.css has no content."Vuosi sitten Pasi Laine voitti taistelun Neleksestä, ja nyt Valmetin pitää päättää, mitä se yhtiöllä haluaa tehdä". www.hs.fi (in suomi). 4 November 2021. Retrieved 2022-11-30.
- ^ a b c Page Module:Citation/CS1/styles.css has no content."Tekstiilien kierrätys on kuuma kasvualue, ja yritykset tietävät sen, sellutehtaita tekevä Valmet opettelee nyt käsittelemään vaate-ätettä". www.hs.fi (in suomi). 6 June 2021. Retrieved 2022-11-30.
- ^ Page Module:Citation/CS1/styles.css has no content."Nyt se on varmaa: Valmet ja Neles sulautuvat, Valmetin osake putosi uutisen jälkeen – "Markkinat eivät hahmota Valmetin logiikkaa"". www.hs.fi (in suomi). 2 July 2021. Retrieved 2021-08-10.
- ^ Page Module:Citation/CS1/styles.css has no content."Valmetin ja Neleksen fuusio astuu voimaan ja Neles purkautuu". www.kauppalehti.fi (in suomi). Retrieved 2022-04-01.
- ^ Page Module:Citation/CS1/styles.css has no content."Valmetin odottama Neles-fuusio vahvistaa yhtiön "pyhää kolminaisuutta" – Venttiileistä haetaan nyt uutta ponnahduslautaa etenkin automaatiolle". www.kauppalehti.fi (in suomi). Retrieved 2022-07-26.
- ^ Page Module:Citation/CS1/styles.css has no content."Inside information: Thomas Hinnerskov appointed President and CEO of Valmet". www.valmet.com. Retrieved 2024-06-20.
- ^ Page Module:Citation/CS1/styles.css has no content."Finnish firm Valmet announces 112 redundancies". www.yle.fi. Retrieved 2024-10-23.
- ^ Page Module:Citation/CS1/styles.css has no content."Valmet's reports and presentations from 2024". www.valmet.com.
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