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Valmet Corp (Valmet) is a developer and supplier of process technologies, automation and services for the pulp, paper and energy industries. The company’s technology offerings include pulp mills, tissue, board and paper production lines and power plants for bioenergy production. Valmet’s product and service portfolio consists of productivity enhancing services, automation solutions, plant upgrades and rebuilds, and new cost-efficient equipment and solutions for optimizing energy and raw material usage. Valmet also offers filter fabrics and textiles for mining and chemical industries. The company sells its products through subsidiaries and distributors in the Americas, Europe, the Middle East, Africa and Asia-Pacific. Valmet is headquartered in Espoo, Finland.
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Products and Services
Products | Services |
---|---|
Pulp and Energy | Plant Improvements: |
Wood Handling Machines | Spare Parts and Components |
Heat and Power Production Systems | Tailored Production Consumables |
XXX | XXX |
XXX | XXX |
XXX | XXX |
History
History section provides information on new products, mergers, acquisitions, expansions, approvals, and many more key events.
Year | Event | Description |
---|---|---|
2023 | Others | In January, the company announced to deliver boiler conversions and emission reduction solutions for Veolia Group’s Hungarian subsidiary CHP-Invest Kft at its power plant in Oroszlány, Hungary. |
2023 | Acquisitions/Mergers/Takeovers | In January, the company completed the acquisition of NovaTech Automation’s Process Solutions business. |
2023 | Contracts/Agreements | In January, the company entered into a contract to deliver bleached chemi-thermo mechanical pulp, evaporation and non-condensable gas technology as well as an extensive automation solutions package for Stora Enso’s Oulu mill in Finland. |
Competitor Comparison
Key Parameters | Valmet Corp | Honeywell International Inc | ABB Ltd | Andritz AG | Voith GmbH & Co KGaA |
---|---|---|---|---|---|
Headquarters | Finland | United States of America | Switzerland | Austria | Germany |
City | Espoo | Charlotte | Zuerich | Graz | Heidenheim |
State/Province | - | North Carolina | - | - | Baden-Wurttemberg |
No. of Employees | 17,511 | 99,000 | 104,400 | 27,428 | 20,634 |
Entity Type | Public | Public | Public | Public | Private |
Key Financial Charts
Sales Growth

Net Income Growth

Executives
Name | Position | Board | Since | Age |
---|---|---|---|---|
Mikael Makinen | Chairman | Executive Board | 2019 | 66 |
Aaro Cantell | Vice Chairman | Executive Board | 2018 | 57 |
Pasi Laine | Chief Executive Officer; President | Senior Management | 2013 | 59 |
Katri Hokkanen | Chief Financial Officer | Senior Management | 2022 | - |
Vesa Simola | President - EMEA | Senior Management | - | 55 |
Non Dignissim Eros | Proin vel | Convallis | 2023 | XX |
Non Dignissim Eros | Proin vel | Convallis | 2023 | XX |
Non Dignissim Eros | Proin vel | Convallis | 2023 | XX |
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