Last €10.21 EUR
Change Today +0.19 / 1.90%
Volume 141.6K
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As of 11:29 AM 12/23/14 All times are local (Market data is delayed by at least 15 minutes).

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12/8/14 - €10.26
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valmet oyj (VALMT) Details

Valmet Corporation, together with its subsidiaries, develops and supplies processes, machinery, equipment, and services for the pulp, paper, and energy industries. The company offers pulping and fiber products, such as wood handling, chemical pulping, recausticizing, chemical recovery, pulp drying, mechanical pulping, fiberboard, and recycled fiber products. It also provides board and paper mill products, including stock preparation, approach flow system, headbox, forming, pressing, drying, process ventilation, sizing, coating, coating drying, calendering, reeling, and winders and roll handling equipment; and tissue mill products. In addition, the company offers energy production equipment, such as BFB and CFB boilers, gasification, power plant, heating plant, air pollution control, and combustion equipment; produces biofuels and biomaterials. Further, its products and solutions include mill and plant improvements, upgrades, technical modifications and expert services to enhance plants, plant maintenance outsourcing, paper machine roll services, boiler component services, paper machinery clothing, and filter fabrics, as well as spare, wear and replacement parts, and equipment. The company primarily operates in Finland, North America, South and Central America, Europe, the Middle East, Africa, the Asia Pacific, and China. Valmet Corporation is headquartered in Espoo, Finland.

11,481 Employees
Last Reported Date: 03/4/14

valmet oyj (VALMT) Top Compensated Officers

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valmet oyj (VALMT) Key Developments

Valmet to Supply New Machine for Folding Boxboard Production at Metsa Board's Husum Mill in Sweden

Metsa Board Corporation has selected Valmet Corporation as the supplier for its new folding boxboard production line at Husum mill, Sweden. The new machine will produce high-quality folding boxboard with an annual capacity of 400,000 tons. The start-up of the machine is scheduled for the beginning of 2016. The order is included in Valmet's fourth quarter 2014 orders received. The value of this size of an order is typically around EUR 60 million to EUR 70 million and it is part of Metsa Board's EUR 170 million investment in the mill. Valmet's delivery includes a wet end of the latest OptiConcept M design with headboxes, forming section and press section, as well as a rebuild of the off-machine coater, winder and the roll wrapping line. The wet end area of the machine features innovative OptiConcept M frame construction without the need for cantilever beams for fabric changes. The fabric changes will be carried out by means of fabric insertion units, which Valmet has sold 120 units globally so far. The 6660 mm-wide (trim) machine, BM 1, will produce folding boxboard (FBB) grades in the basis weight range of 180-350 g/m2 at a design speed of 1000m/min.

Valmet Corporation to Supply New Winding Technology for Stora Enso in Finland

Valmet Corporation will supply Stora Enso with a new winder and auxiliaries for its BM5 board machine located in the company's Tainionkoski unit in Imatra Mills in Finland. The target of the project is to increase the winding capacity and upgrade the winding technology for improved safety and more efficient maintenance operations. The rebuilt finishing section is scheduled to start up during the last quarter of 2015.

Valmet Corporation Announces Executive Changes

Valmet Corporation announced that Mr. Bertel Karlstedt has been appointed President of Pulp and Energy business line as of February 1, 2015. He will be a member of Valmet's Executive Team and report to the President and CEO Pasi Laine. Bertel Karlstedt joins Valmet from Nordkalk Corporation, where he is currently employed as the President and CEO. During his career he has gained vast experience in line management and sales roles. Furthermore, he has a strong background in R&D both in Finland and internationally, having previously worked for Valmet and Metso. Mr. Jyrki Holmala, the current President of Valmet's Pulp and Energy business line, leaves on Valmet November 28, 2014.


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