- Business
- Valmet Oyj develops and supplies process technologies, automation systems, and services for the pulp, paper, board, tissue, energy, and flow control industries worldwide; its offerings include complete pulp mills, paper and board machines, tissue production lines, biomass-based energy plants, rebuilds and upgrades, maintenance services, spare parts, industrial valves, pumps, and valve automation, as well as advanced automation solutions such as process controls, digital services, and IQ Web Monitoring System. Headquartered in Espoo, Finland, with operations in approximately 40 countries and over 19,000 employees, the company traces its roots to 1750 and lists its shares on Nasdaq Helsinki. Valmet serves biomaterial solutions for pulp, packaging, paper, and tissue production; process performance solutions encompassing flow control, automation, and energy technologies; and targets customers in chemical pulping, mechanical pulping, board and paper manufacturing, tissue converting, waste-to-energy, and industrial gas sectors.
In its five business areas—Automation Solutions, Flow Control, Pulp Energy and Circularity, Packaging and Paper, Tissue—Valmet emphasizes lifecycle services, circular economy technologies for recycled materials, and decarbonization projects such as equipment for biomass boilers and pulp from textiles. Recent developments include the launch of the "Lead the Way" strategy in June 2025 with 2030 targets of 5% organic net sales growth, 15% comparable EBITA margin, and 20% ROCE before taxes; renewal of its operating model announced in March 2025 to establish business units focused on lifecycle value, aiming for EUR 80 million in annual cost savings by early 2026; completion of acquisitions such as Siemens' Process Gas Chromatography business in 2024 and majority stake in FactoryPal digital solutions in August 2024; the Neles merger in April 2022 forming the Flow Control line; CEO transition to Thomas Hinnerskov in October 2024; and ongoing cost measures including 112 job cuts in October 2024 and change negotiations for temporary layoffs in November 2025. Net sales reached EUR 5.4 billion in 2024, with Q2 2025 at EUR 1.5 billion.