Valmet

Valmet will supply a new OptiConcept M container board making line with extensive packages of automation and services to Shanying Paper, Guangdong at its Zhaoqing mill in China. The new board making line (PM 53) will produce test liner grades and continue the expanding of Shanying Paper’s business in Guangdong area. Th...

Valmet will supply an extensive paper machine grade conversion rebuild with a wide scope of automation and services for Cascades’ Bear Island mill in Virginia, the United States. In the project, paper machine PM 1, designed to produce newspaper, will be rebuilt to produce high-quality, lightweight, 100% recycled linerb...

Metsä Group’s innovation company Metsä Spring and Valmet begin construction of the 3D fibre product pilot plant in Äänekoski, Finland. The pilot plant enables testing and further development of the novel process for producing of a new type of packaging solution. Construction of the pilot plant began today and the plant...

Valmet announced on November 24, 2020 the start of co-determination negotiations for temporary lay-offs in Finland. The co-determination negotiations have now been completed, and as a result at this stage altogether 372 employees, 227 in the Services business line and 145 employees in the EMEA area organization in Finl...

The global Covid-19 pandemic continues to cause uncertainty in Valmet’s operating environment. This has impacted especially the workload in the services business which is done close to customers. It is estimated that the need for temporary lay-offs concerns around 360 employees. The targeting of the lay-offs and the nu...

Jukka Tiitinen has been appointed Area President of Valmet’s North America Area as of April 1, 2021. Jukka Tiitinen is currently employed at Valmet as Area President, Asia Pacific. He will continue as a member of Valmet’s Executive Team reporting to President and CEO Pasi Laine.

Valmet has decided to invest in filter fabric manufacturing in Pune, India in order to better serve its customers and improve delivery times of filter fabrics to the Asia Pacific and Middle East areas. The investment includes manufacturing equipment for filter fabric production. The new unit will start operation in the...

Valmet will supply a fine paper making line with stock preparation and an extensive scope of automation to Asia Symbol (Guangdong) Paper in XinHui, China. The new high-capacity fine paper making line will be designed to produce top-quality woodfree uncoated paper (WFU) grades. The start-up of PM 13 is scheduled for 202...

Valmet has completed the acquisition of PMP Group in Poland. PMP Group is a provider of technologies and services for the paper industry. The enterprise value of the acquisition is approximately Euro 64 million, plus a conditional and capped earn-out component.

Valmet has entered into an agreement to acquire PMP Group in Poland. The enterprise value of the acquisition is approximately Euro 64 million, plus a conditional and capped earn-out component. The acquisition is estimated to be completed on October 1, 2020 at the earliest.

Valmet and Viridor have signed a three-year service agreement for six waste-to-energy plants in the United Kingdom. The agreement covers maintenance and technical support, cybersecurity services, and lifecycle services and upgrades for the plants’ automation systems, helping to ensure the availability and security of t...