Valmet

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title: "Valmet" type: doc version: 1 created: 2026-02-28 author: "Wikipedia contributors" status: active scope: public tags: ["valmet", "companies-listed-on-nasdaq-helsinki", "companies-in-the-omx-helsinki-25", "conglomerate-companies-of-finland", "aircraft-manufacturers-of-finland", "motor-vehicle-manufacturers-of-finland", "shipbuilding-companies-of-finland", "defence-companies-of-finland", "1951-establishments-in-finland", "1999-disestablishments-in-finland", "manufacturing-companies-established-in-1951", "companies-disestablished-in-1999", "firearm-manufacturers-of-finland", "locomotive-manufacturers-of-finland", "finnish-companies-established-in-1951"] description: "Finnish company" topic_path: "general/valmet" source: "https://en.wikipedia.org/wiki/Valmet" license: "CC BY-SA 4.0" wikipedia_page_id: 0 wikipedia_revision_id: 0

::summary Finnish company ::

::data[format=table title="Infobox company"]

Field	Value
name	Valmet Oyj
logo	Valmet.svg
logo_size	125px
type	Public
traded_as
foundation
location_city	Espoo
location_country	Finland
key_people	{{Plainlist
* Pekka Vauramo (chairman){{Cite web	title
industry	Technology, services & automation solutions for pulp, paper, energy sectors and various process industries
revenue	€5,837 million (2024)
operating_income	€449 million (2024)
net_income	€383 million (2024)
num_employees	19,310 (2024)
homepage	www.valmet.com
::

| name = Valmet Oyj | logo = Valmet.svg | logo_size = 125px | type = Public | traded_as = | foundation = | location_city = Espoo | location_country = Finland | key_people = {{Plainlist|

• Pekka Vauramo (chairman)
• Thomas Hinnerskov (president and CEO) | industry = Technology, services & automation solutions for pulp, paper, energy sectors and various process industries | revenue = €5,837 million (2024) | operating_income = €449 million (2024) | net_income = €383 million (2024) | num_employees = 19,310 (2024) | homepage = www.valmet.com

Valmet Oyj is a Finnish developer and supplier of process technologies, automation systems and services for the pulp, paper, energy industries. Flow control serves a wider base of process industries.

History

1999–2012 Valmet and Rauma merge as Metso

At the end of 2009, Metso acquired Tamfelt Corporation, one of the world's leading suppliers of technical textiles.{{cite web |url=https://mb.cision.com/Public/19005/2977732/ad39c2687aeb3b00.pdf|title=Metso Corporation Financial Statements 2009|website=cision.com|access-date=23 July 2023}}

Valmet 2020–

Main article: Neles

At the end of June 2020, Neles was separated from Metso. The State of Finland sold its share of 15 per cent to Valmet. 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.

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. In May, Valmet announced that it would deliver drying technology to Spinnova, which produces textile fiber from cellulose. Neles owners obtained 18.8 per cent of the merging company. The companies’ synergies were considered to be substantial during the transaction. Neles was thought to help increase sales in automation systems, while its products were also to be sold to the paper industry.

Neles merged into Valmet in April 2022, becoming Valmet's fifth business line, Flow Control. 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.

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.

In October 2024, Valmet announced that is it cutting 112 jobs to improve "profitability and competitiveness of the business operations.". This comes after a net profit of 157 million euros in Q1-Q2 2024.

References

References

1. "Valmet's Board of Directors". www.valmet.com.
2. "Annual Report 2024, Financial statements". Valmet.
3. "Metso-acquired Tamfelt Corp. established as Fabrics business line".
4. (4 November 2021). "Vuosi sitten Pasi Laine voitti taistelun Neleksestä, ja nyt Valmetin pitää päättää, mitä se yhtiöllä haluaa tehdä".
5. (6 June 2021). "Tekstiilien kierrätys on kuuma kasvualue, ja yritykset tietävät sen, sellutehtaita tekevä Valmet opettelee nyt käsittelemään vaate-ätettä".
6. (2 July 2021). "Nyt se on varmaa: Valmet ja Neles sulautuvat, Valmetin osake putosi uutisen jälkeen – "Markkinat eivät hahmota Valmetin logiikkaa"".
7. "Valmetin ja Neleksen fuusio astuu voimaan ja Neles purkautuu".
8. "Valmetin odottama Neles-fuusio vahvistaa yhtiön "pyhää kolminaisuutta" – Venttiileistä haetaan nyt uutta ponnahduslautaa etenkin automaatiolle".
9. "Inside information: Thomas Hinnerskov appointed President and CEO of Valmet".
10. "Finnish firm Valmet announces 112 redundancies".
11. "Valmet's reports and presentations from 2024".

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