Osakeyhtiö

Valmet's Interim Review January 1 - March 31, 2024: Orders received amounted to EUR 1,050 million and Comparable EBITA to EUR 121 million in the first quarter

Retrieved on: 
Wednesday, April 24, 2024
ISS A/S, ISS, Safety, Accounting, EUR, Comparable, Osakeyhtiö, Copenhagen Business School, Master, Acquisition, DCS, Paper, Finance, Organization, Growth, Management

ESPOO, Finland, April 24, 2024 /PRNewswire/ -- 

Key Points: 
  • President and CEO Pasi Laine: Orders received amounted to EUR 1,050 million and Comparable EBITA margin to 10.0%
    "Valmet's orders received amounted to EUR 1,050 million in the first quarter of 2024.
  • Orders received in Valmet's stable business totaled close to EUR 3.0 billion during the last four quarters, representing 67% of Valmet's orders received.
  • This is a clear change in the company compared to 2014, when stable business represented 34% of orders received.
  • Orders received in Process Technologies segment decreased and amounted to EUR 1,466 million during the last four quarters.

Valmet to deliver a boiler rebuild to E.ON's power station in Scotland, the United Kingdom

Retrieved on: 
Tuesday, April 16, 2024
Steven's Croft power station, Croft, Original equipment manufacturer, E.ON, BFB, OEM, Operating system service management, Osakeyhtiö, EEST, Coal

ESPOO, Finland, April 16, 2024 /PRNewswire/ -- Valmet will deliver a major boiler rebuild to E.ON's Steven's Croft biomass power station in Lockerbie, Scotland in the United Kingdom to secure trouble-free operation of the boiler for years to come.

Key Points: 
  • Valmet Oyj's press release on April 16, 2024 at 1:00 p.m. EEST
    ESPOO, Finland, April 16, 2024 /PRNewswire/ -- Valmet will deliver a major boiler rebuild to E.ON's Steven's Croft biomass power station in Lockerbie, Scotland in the United Kingdom to secure trouble-free operation of the boiler for years to come.
  • Steven's Croft's bubbling fluidized bed (BFB) boiler, originally delivered by Valmet, was started up in 2008.
  • I look forward to another successful project delivery from the Valmet team," says Scott Robinson, Site Manager at Steven's Croft power station.
  • "We are happy to continue our good, long-standing cooperation with E.ON and Steven's Croft power station with this delivery.

Valmet renews its sustainability reporting

Retrieved on: 
Thursday, April 11, 2024
Information, Element, Marketing, DJSI, GRI, Dow Jones, Automation, CSRD, SVP, Osakeyhtiö, EEST, Nasdaq Helsinki, Paper, Index, Corporate sustainability, Renewable energy

ESPOO, Finland, April 11, 2024 /PRNewswire/ -- Valmet renews its sustainability reporting practices. Since 2013 the company has published an annual sustainability report in line with the international GRI framework and reported to several leading sustainability ratings.

Key Points: 
  • Valmet Oyj's press release on April 11, 2024 at 9:30 a.m. EEST
    ESPOO, Finland, April 11, 2024 /PRNewswire/ -- Valmet renews its sustainability reporting practices.
  • In the current renewal, Valmet will focus on comprehensive reporting according to the EU's Corporate Sustainability Reporting Directive (CSRD), invest in the development of sustainability data and information systems required by this extensive reporting framework, and streamline participation in different sustainability ratings.
  • As part of the renewal, Valmet has decided not to pursue inclusion in the Dow Jones Sustainability Index (DJSI) anymore.
  • "Valmet has since 2013 been among the leaders in sustainability reporting and has proactively incorporated new elements into its reporting.

Publishing of Valmet's Interim Review January - March 2024 on April 24, 2024

Retrieved on: 
Thursday, April 4, 2024
ID, Automation, Valmet, Osakeyhtiö, Webcast, Paper, EEST, News, Nasdaq Helsinki

ESPOO, Finland, April 4, 2024 /PRNewswire/ -- Valmet's Interim Review January - March 2024 will be published on Wednesday, April 24, 2024, at approximately 1:00 p.m. Finnish time (EEST). The stock exchange release and presentation material in English and in Finnish will be available at that time on Valmet's website at www.valmet.com/investors.

Key Points: 
  • Valmet Oyj's press release on April 4, 2024 at 2:00 p.m. EEST
    ESPOO, Finland, April 4, 2024 /PRNewswire/ -- Valmet's Interim Review January - March 2024 will be published on Wednesday, April 24, 2024, at approximately 1:00 p.m. Finnish time (EEST).
  • The stock exchange release and presentation material in English and in Finnish will be available at that time on Valmet's website at www.valmet.com/investors .
  • Valmet will arrange a news conference in English as a live webcast at https://valmet.videosync.fi/q1-2024 on Wednesday, April 24, 2024, at 2:00 p.m. Finnish time (EEST).
  • Valmet's shares are listed on the Nasdaq Helsinki and the head office is in Espoo, Finland.

Decisions taken by Valmet Oyj's Annual General Meeting and the organizing meeting of the Board of Directors

Retrieved on: 
Thursday, March 21, 2024
Remuneration, Auditor, Annual, EUR, Financial statement, PwC, KHT, Policy, Audit committee, Annual general meeting, Treasury, Osakeyhtiö, EET, Holding company

ESPOO, Finland, March 21, 2024 /PRNewswire/ -- The Annual General Meeting of Valmet Oyj ("Valmet" or the "Company") was held in Helsinki today on March 21, 2024. The Annual General Meeting adopted the Financial Statements for 2023 and discharged the members of the Board of Directors and the President and CEO from liability for the financial year 2023. The Annual General Meeting adopted the remuneration report for governing bodies, for which the decision is advisory, and the remuneration policy of the Company. The Annual General Meeting authorized the Board of Directors to decide on the repurchase of the Company's own shares and on the issuance of shares and special rights entitling to shares. 

Key Points: 
  • The Annual General Meeting confirmed the number of Board members as eight and reappointed Mikael Mäkinen as Chair of Valmet Oyj's Board and Jaakko Eskola as Vice Chair.
  • The term of office of the members of the Board of Directors expires at the close of the Annual General Meeting 2025.
  • The Annual General Meeting re-elected Authorised Public Accountants PricewaterhouseCoopers Oy as the Auditor of the Company for a term expiring at the end of the Annual General Meeting 2025.
  • The Board of Directors of Valmet Oyj held its organizing meeting after the Annual General Meeting.

Valmet to supply the second Advantage DCT 200 tissue production line to Crown Paper Mill in Saudi Arabia

Retrieved on: 
Tuesday, March 19, 2024
Automation, Yankee, History, Valmet, Pleasure, Industrial, Advantage, CO2, Water, DCS, Osakeyhtiö, EET, QCS

ESPOO, Finland, March 19, 2024 /PRNewswire/ -- Crown Paper Mill has decided to invest in a second Valmet's Advantage DCT tissue line including an extensive automation package, flow control valves and Industrial Internet solutions to its mill in Saudi Arabia. The target of the investment is to meet the consumers' increasing demand of high-quality tissue products with low environmental impact. The start-up is scheduled for the second half of 2025.

Key Points: 
  • In 2016, Crown Paper Mill purchased its first Valmet's tissue machine, which was installed in Abu Dhabi.
  • The new Advantage DCT 200 is the first tissue machine installed at their new site in Dammam area in Saudi Arabia.
  • Valmet's Advantage DCT 200 tissue machine is equipped with the latest technology to ensure highest product quality while reducing energy and water consumption and CO2 emissions.
  • Valmet's scope of supply comprises a complete tissue production line including an Advantage DCT 200 tissue machine equipped with OptiFlo headbox and Yankee cylinder.

Elisa, Elisa Polystar, and Wind River Achieve New Automation Milestone for Telco Edge Data Centers

Retrieved on: 
Thursday, February 22, 2024
Data Management, Technology, Telecommunications, Software, Networks, Internet, Cloud, Mobile, Studio, UPF, Osakeyhtiö, Mobile World Congress, Glass, Automation, Renewable energy

It is thrilling to achieve new milestones as we grow our collaboration with Wind River to automatically deploy network function workloads on our regional edge cloud data centers,” said Markus Kinnunen, vice president, Cloud Services, Elisa.

Key Points: 
  • It is thrilling to achieve new milestones as we grow our collaboration with Wind River to automatically deploy network function workloads on our regional edge cloud data centers,” said Markus Kinnunen, vice president, Cloud Services, Elisa.
  • “By working with Wind River, Elisa can deliver on advanced automation to shrink time to deploy and enhance network quality.”
    “Elisa Polystar enables CSPs to achieve self-driving networks.
  • “Wind River Studio enables industry-unique, distributed, and edge-aware automation to ease infrastructure management, application deployment, and public cloud integration.
  • With Studio Conductor, the deployment process becomes fully automated, enabling rapid and efficient provisioning of edge data center resources.

Valmet publishes Green Finance Framework

Retrieved on: 
Friday, March 1, 2024
CFO, Paper, Nasdaq Helsinki, Nordea, Osakeyhtiö, ISS, Climate change, EET, Automation, Green bond, Renewable energy

ESPOO, Finland, March 1, 2024 /PRNewswire/ -- Valmet has established a Green Finance Framework applicable for the issuance of green debt instruments to further integrate its ambitious sustainability targets into its financing. 

Key Points: 
  • Valmet Oyj's press release on March 1st, 2024, at 10:00 a.m. EET
    ESPOO, Finland, March 1, 2024 /PRNewswire/ -- Valmet has established a Green Finance Framework applicable for the issuance of green debt instruments to further integrate its ambitious sustainability targets into its financing.
  • The Green Finance Framework supports us in this mission and enables us to allocate capital to activities that enhance the green transition," says Katri Hokkanen, CFO, Valmet.
  • Valmet has established a green finance committee to ensure the green financing will be directed to activities that meet the eligibility criteria in the Green Finance Framework.
  • Valmet's Green Finance Framework has received an independent second party opinion from ISS ESG, confirming the alignment of the framework with the Green Loan Principles 2023 and the Green Bond Principles 2021.

Valmet's social responsibility program continues with several area-specific projects around the world

Retrieved on: 
Friday, February 23, 2024
Paper, Sustainability, The Mirror Foundation, Disability, Nasdaq Helsinki, Education, Transport, Osakeyhtiö, Nature, Rainforest, Social, Sport, University, EET, Leisure, Automation, Science, Student

ESPOO, Finland, Feb. 23, 2024 /PRNewswire/ -- Valmet expanded its global social responsibility program with several area-specific local projects promoting science, nature and equal opportunities in 2022. After a year of successful implementation, the program now continues through six local projects.

Key Points: 
  • After a year of successful implementation, the program now continues through six local projects.
  • Social responsibility program is part of Valmet's sustainability agenda implementation.
  • In South America, Valmet continues to support the Gerando Falcões network and its special program called Circuito Inclusão (Inclusion Circuit) in Brazil.
  • Our global social responsibility program has been a remarkable journey so far, and all the projects have been successful in reaching their targets.

Valmet to add biomass co-firing to a coal-fired circulating fluidized bed boiler for PT. Cikarang Listrindo in Indonesia

Retrieved on: 
Wednesday, February 21, 2024
Paper, Engineering, Nasdaq Helsinki, Coal, CFB, IPP, Independent power producer, Biomass, Osakeyhtiö, Senior, EET, CO2, Biofuel, Automation, Electricity, Renewable energy

ESPOO, Finland, Feb. 21, 2024 /PRNewswire/ -- Valmet will supply a partial bioconversion for PT. Cikarang Listrindo Tbk's coal-fired circulating fluidized bed (CFB) boiler in Babelan, Indonesia. The investment reflects Cikarang Listrindo's initiative for greener energy production and environmentally friendlier operation by reducing reliance on fossil fuels and cutting CO2 emissions.

Key Points: 
  • Cikarang Listrindo Tbk's coal-fired circulating fluidized bed (CFB) boiler in Babelan, Indonesia.
  • Cikarang Listrindo is also utilizing renewable fuels in its steam generation process by rebuilding the existing CFB boiler in unit 2.
  • Cikarang Listrindo Tbk, located in Bekasi Regency, Indonesia, is the longest operating Independent Power Producer (IPP) in Indonesia.
  • Cikarang Listrindo started its initial operation in 1993 and is currently serving more than 2,600 industrial customers in five industrial estates in Cikarang.