Valmet Oyj of Finland has signed a Euro 45 million loan agreement with the European Investment Bank (EIB) to partially finance its upcoming RDI programme, aimed at developing cost-efficient solutions to improve the productivity and operational performance of industrial processes including energy and raw material efficiency and to lower customers' investment and operational costs. Valmet’s automation business line will carry out most the activities in Finland, safeguarding highly specialised jobs in the country, as EIB says in the press release received by Lesprom Network.
Valmet’s systems and solutions are meant primarily for application to pulp mills, tissue, board and paper production lines, as well as power plants for bio-energy production. Here, the implementation of the RDI programme could mean more efficient use of valuable natural resources and lower energy use, in-line with European priorities in the field of circular economy.
