HELSINKI, Nov. 26, 2013 (Press Release) - Valmet will organize a Capital Markets Day (CMD) for investors and analysts in London today, November 26, 2013. The event will review Valmet's strategy and financial targets and explore the strategic focal areas of Valmet's three business lines.
Valmet has three business lines - Services, Pulp and Energy, and Paper - and intends focusing on improving its profitability and growing its services business as it goes forward.Read more
HELSINKI, Oct. 30, 2013 (Press Release) - The EMEA (Europe, the Middle East and Africa) area organization of Metso's Pulp, Paper and Power business, the future Valmet, has completed statutory negotiations concerning its operations in Finland. The negotiations began on August 5, 2013.
The negotiations were part of a global cost competitiveness program launched by Metso in April 2013. The program aims at a reduction of approximately EUR 100 million in the annual costs of the Pulp, Paper and Power business by 2015.Read more
HELSINKI, Nov. 4, 2013 (Press Release) - Metso's Pulp, Paper and Power business, the future Valmet, and Stora Enso have signed an agreement on the single-drum conversion of Stora Enso Veitsiluoto Mill's recovery boiler. The conversion will be completed in the fall of 2014. The value of the order will not be disclosed. The order is included in Pulp, Paper and Power's third quarter 2013 orders received.Read more
HELSINKI, Oct. 24, 2013 (Press Release) - Metso's Board of Directors has appointed Harri Nikunen (b. 1955) as Metso's Executive Vice President and Deputy to the CEO as of November 1, 2013. In addition to his new duties, Mr. Nikunen will continue as Metso's Chief Financial Officer (CFO), a position he has held since March 2011; he has been employed by the company since 1986.
Metso's former Executive Vice President and Deputy to CEO, Pasi Laine, has been appointed President and CEO of Valmet Corporation, the new company to be created in Metso's partial demerger.Read more
The order is included in Metso's Pulp, Paper and Power business segment's orders received in the third quarter of 2013. The order will be supplied by Metso´s units in Finland and Brazil. The project will be completed by the end of 2014. The value of the order will not be disclosed.Read more
HELSINKI, Sept. 3, 2013 (Press Release) - In preparation for Metso's planned demerger, the Board of Directors has approved the strategy, organization, and financial targets for the new Valmet Corporation*.
Valmet will focus on delivering technology and services globally to industries that use bio-based raw materials. Valmet's vision is to become the global champion in serving its customers, and its mission is to convert renewable resources into sustainable results.