- Business
- Valmet Oyj develops and supplies process technologies, automation systems, and services for the pulp, paper, board, tissue, and energy industries; flow control products serve broader process sectors including chemicals, minerals, and industrial gases. The company offers comprehensive solutions encompassing pulp mills and fiber processing equipment for chemical and mechanical pulping; board, paper, and tissue production machinery including complete lines, rebuilds, and press roll technologies; energy plants utilizing biomass, waste, and multifuel boilers; automation systems with analyzers, measurements, condition monitoring, information management, and industrial internet services; flow control valves, pumps, and related technologies; and extensive services such as spare parts, workshop and roll maintenance, fabrics, outsourcing, field services, and lifecycle support. Founded with roots tracing to 1750 and headquartered in Espoo, Finland, Valmet operates over 40 countries worldwide with approximately 19,000 employees and net sales of EUR 5.4 billion in 2024. Recent developments include the 2022 merger with Neles integrating flow control as a core business line; leadership transition in 2024 with Thomas Hinnerskov succeeding Pasi Laine as president and CEO; announcement of the "Lead the Way" strategy in 2025 emphasizing circularity and resource efficiency with targets for 5% organic growth and 15% comparable EBITA margin by 2030; planned operating model renewal effective July 2025 creating business areas in Automation Solutions, Flow Control, Pulp Energy and Circularity, Packaging and Paper, and Tissue alongside a Global Supply unit; closure of the acquisition of majority shares in FactoryPal from Körber in August 2024 to bolster digital solutions; and operational adjustments including job reductions in 2024 and change negotiations for temporary layoffs in Finland in late 2025.