Flow control

Marotta Controls Celebrates 80 Years of Technology Innovation

Retrieved on: 
Tuesday, January 10, 2023
Other Defense, Off-Road Trucks & SUVs, Hardware, Technology, Automotive, Defense, Satellite, Engineering, Maritime, Air, Transport, Aerospace, Manufacturing, Moon, Power electronics, Apollo, Saturn, Reaction Motors, Marotta, Electronics, Growth, Creativity, Atmosphere, Polaris, Multimedia, Control system, Tiros, Renewable energy, Flow control

Marotta Controls , a rapidly growing aerospace and defense supplier based in New Jersey, celebrated its 80th anniversary.

Key Points: 
  • Marotta Controls , a rapidly growing aerospace and defense supplier based in New Jersey, celebrated its 80th anniversary.
  • View the full release here: https://www.businesswire.com/news/home/20230110005381/en/
    New Jersey-based aerospace and defense supplier Marotta Controls celebrates 80 years of technology innovation.
  • Marotta Controls began as a straight-forward production company focused on quality.
  • Since the moment it opened its doors, Marotta Controls has played a supporting role in significant events throughout aerospace history .

The Board of Directors of Valmet Oyj has decided on share-based incentive plans for key employees and on the acquisition of own shares

Retrieved on: 
Tuesday, December 20, 2022
Flow control, Comparable, Employment, Growth, SVP, Reward, Nasdaq Helsinki, Annual general meeting, EBITA, Annual, Human resources, International Automated Systems, Tax, Service, Osakeyhtiö, EET, Hotel manager, Cryptocurrency, Life insurance, Health insurance, Valmet

ESPOO, Finland, Dec. 20, 2022 /PRNewswire/ -- The Board of Directors of Valmet Oyj has decided on a continuation of its share-based long-term incentive plans (LTI Plans), a Performance Share Plan and a Deferred Share Plan, as well as a restricted shares pool (Restricted Pool) for Valmet's key employees. The aim of the plans is to align the interests of the shareholders and the key employees to increase the value of Valmet Oyj (the Company) in the long run, to steer the key employees towards achieving the Company's selected strategic targets, to commit the key employees to the Company, and to offer them a competitive reward plan based on holding the Company's shares.

Key Points: 
  • Valmet's Board of Directors decides on the predefined performance measures and targets in the beginning of each performance period.
  • The Deferred Share Plan directed to other key employees and management talents includes a one-year performance period, the year 2023.
  • The predefined performance measures and targets are decided by Valmet's Board of Directors and are aligned with the targets of the Performance Share Plan.
  • As a rule, no reward is paid if the key employee's employment or service at Valmet ends before the reward payment.

Valmet's Interim Review January 1 - September 30, 2022: Orders received increased to EUR 1.2 billion and Comparable EBITA to EUR 136 million in the third quarter

Retrieved on: 
Wednesday, October 26, 2022
Mass meeting, Mission statement, EMEA, Review, Flow control, Director, Paper, Shareholder, Annual report, EUR, Board, Pulp, Marketing, Osakeyhtiö, Comparable, CEO, Nordea, Maintenance, E-GMS, EBITA, Annual general meeting, Engineering, Renewable energy, Rail freight transport, Speciality chemicals, Fine chemical, Management, Bank, Service, Automation, Valmet, Neles

ESPOO, Finland, Oct. 26, 2022 /PRNewswire/ -- Starting from January 1, 2022, Valmet has a new financial reporting structure consisting of three reportable segments (segments): Services, Automation and Process Technologies. Services segment includes the Services business line. Automation segment includes the Automation Systems business line (previously called Automation), and as of April 1, 2022, also the Flow Control business line. Process Technologies segment includes the Pulp and Energy, and Paper business lines.

Key Points: 
  • Comparable EBITA increased in the Automation and Services segments and decreased in the Process Technologies segment.
  • Orders received increased in the Automation and Services segments and decreased in the Process Technologies segment.
  • Comparable EBITA increased in the Automation and Services segments and decreased in the Process Technologies segment.
  • President and CEO Pasi Laine: Orders received and Comparable EBITA increased in the third quarter
    "Valmet's orders received increased to EUR 1.2 billion in the third quarter of 2022.

Oppenheimer & Co. Inc. Announces Kickoff of ESG Summit: Navigating the ESG & Climate Transition

Retrieved on: 
Wednesday, September 28, 2022
ESG, Department, Senior advisor, Dynamic risk measure, NYSE, Organization, Oppenheimer Holdings, COO, Industry, Circular economy, Adoption, Growth, CEO, Flow control, Machine industry, Summit, New, Industrial, Development, Renewable energy, Risk management, Management, Agriculture

NEW YORK, Sept. 28, 2022 /PRNewswire/ -- Oppenheimer & Co. Inc. ("Oppenheimer") – a leading wealth manager, investment bank, and a subsidiary of Oppenheimer Holdings (NYSE: OPY) –announced that its second annual ESG Summit, Navigating the ESG & Climate Transition, starts today.   

Key Points: 
  • NEW YORK, Sept. 28, 2022 /PRNewswire/ -- Oppenheimer & Co. Inc. ("Oppenheimer") a leading wealth manager, investment bank, and a subsidiary of Oppenheimer Holdings (NYSE: OPY) announced that its second annual ESG Summit, Navigating the ESG & Climate Transition, starts today.
  • With ESG, energy transition and climate topics growing in relevance among legislators, regulators and investors all around the world, Oppenheimer is pleased to be able to create a forum where companies speak freely about how they are navigating the transition to a more sustainable and socially aware world."
  • The virtual, two-day event will feature two interactive panels on key trends currently driving the ESG investing landscape.
  • Today's panel, "Environmental Resiliency and Agriculture," will feature Mark Cupta, Managing Director, Prelude Ventures, and Ponsi Trivisvavet, the CEO of Inari.

Valmet adjusts its strategy to include Flow Control and aligns its financial targets with its financial reporting structure

Retrieved on: 
Thursday, June 23, 2022
Valmet, ROCE, Flow control, Tax, Technology, Service, Osakeyhtiö, Food Processing Technology Building, Paper, Automation, Board of directors, Board, Comparable

Valmet Oyj's stock exchange release onJune23, 2022at16:30 p.m. EEST

Key Points: 
  • Valmet Oyj's stock exchange release onJune23, 2022at16:30 p.m. EEST
    Valmet's Board of Directors has decided to adjust Valmet's strategy to include Flow Control and align Valmet's financial targets with Valmet's financial reporting structure.
  • Valmet's new strategy is: Valmet develops and supplies competitive and reliable process technologies, services and automation to the pulp, paper and energy industries.
  • Valmet's previous strategy was: Valmet develops and supplies competitive process technology, services and automation to the pulp, paper and energy industries.
  • As announced on April 27, 2022, Valmet consists of three reportable segments: Services, Automation and Process Technologies.

Neles' Interim Review January 1 - March 31, 2022

Retrieved on: 
Wednesday, April 27, 2022
News, Board, Osakeyhtiö, EEST, Conference call, AGM, Flow control, Conference, EUR, Webcast, Airline, Security (finance), Broadcasting, Valmet, Neles

HELSINKI, April 27, 2022 /PRNewswire/ -- Forward together - Neles is now Valmet's Flow Control business line. Merger was completed on April 1, 2022.

Key Points: 
  • Valmet Oyj's stock exchange release onApril27, 2022 at 1:05 p.m. EEST
    HELSINKI, April 27, 2022 /PRNewswire/ -- Forward together - Neles is now Valmet's Flow Control business line.
  • This is a summary of Neles' Interim Review for January 1 March 31, 2022.
  • The complete review is attached to this release and is also available at www.valmet.com/investors/ .
  • The completion of the merger was executed on April 1, 2022, when all conditions for completion were fulfilled.

Valmet's Interim Review January 1 - March 31, 2022: Orders received amounted to EUR 1.3 billion and Comparable EBITA to EUR 79 million in the first quarter

Retrieved on: 
Wednesday, April 27, 2022
Board, EBITA, E-GMS, Director, Paper, Flow control, Pulp, Comparable, Review, EUR, Mass meeting, Nordea, Annual general meeting, Marketing, Bank, EMEA, Automation, Service, Valmet, Neles

Orders received increased in the Automation and Services segments, and decreased in the Process Technologies segment.

Key Points: 
  • Orders received increased in the Automation and Services segments, and decreased in the Process Technologies segment.
  • Comparable EBITA increased in the Automation segment and decreased in the Services and Process Technologies segments.
  • Our order backlog increased to EUR 4,459 million, which is EUR 362 million higher than at the end of 2021.
  • For the segments, Valmet reports orders received, net sales, Comparable EBITA, EBITA, items affecting comparability and amortization.

Valmet changes its financial reporting structure and provides comparative segment information for 2021

Retrieved on: 
Wednesday, April 27, 2022
Automation, Biomass, Flow control, Pulp, Growth, Technology, Process automation system, Hotel manager, Solution, Food Processing Technology Building, Table, Paper, Flow control (data), Service, Valmet, Neles

HELSINKI, April 27, 2022 /PRNewswire/ -- Starting from January 1, 2022, Valmet has decided to change its financial reporting structure to better highlight the performance of Valmet's businesses.

Key Points: 
  • HELSINKI, April 27, 2022 /PRNewswire/ -- Starting from January 1, 2022, Valmet has decided to change its financial reporting structure to better highlight the performance of Valmet's businesses.
  • The new reporting structure reflects Valmet's operational model, anticipates the integration of Neles into Valmet, and is aligned with the way Valmet management follows the operational performance of Valmet's businesses.
  • The Services segment provides customers with flexible and fit-for-purpose services throughout the lifecycle to improve process performance and reliability.
  • To provide a basis for comparison, the following tables show Valmet's segment financial information on an unaudited basis for all four quarters of 2021 and for the full year 2021.

Merger of Valmet Oyj and Neles Corporation has been registered and the combination of Valmet's and Neles' business operations has been completed

Retrieved on: 
Friday, April 1, 2022
Finnish Trade Register, Neles, CEO, ISIN, Mergers and acquisitions, Flow control, Security (finance), Valmet

HELSINKI, April 1, 2022 /PRNewswire/ -- Valmet Oyj ("Valmet" or the "Company") announces that the statutory merger of Neles Corporation ("Neles") into Valmet (the "Merger") has been registered with the Finnish Trade Register on the effective date of the Merger on April 1, 2022. As a result of the registration of the completion of the Merger, Neles has been dissolved. Neles is consolidated to Valmet as of April 1, 2022.

Key Points: 
  • HELSINKI, April 1, 2022 /PRNewswire/ -- Valmet Oyj ("Valmet" or the "Company") announces that the statutory merger of Neles Corporation ("Neles") into Valmet (the "Merger") has been registered with the Finnish Trade Register on the effective date of the Merger on April 1, 2022.
  • Valmet President and CEO, Mr. Pasi Laine, comments: "We are pleased that we can now start our journey together as a stronger Valmet.
  • The new Valmet shares issued as merger consideration have been registered on the book-entry accounts of Neles' shareholders today on April 1, 2022.
  • Recipients of merger consideration shares may trade Valmet shares as from today, April 1, 2022.

Valmet publishes its updated guidance for 2022 and confirms its new financial targets after the completion of the merger with Neles

Retrieved on: 
Friday, April 1, 2022
Nasdaq Helsinki, Automation, Neles, EUR, Process automation system, Flow control, Comparable, Paper, Recycling, Valmet

Neles is consolidated to Valmet as of April 1, 2022 and forms Valmet's fifth business line called Flow Control.

Key Points: 
  • Neles is consolidated to Valmet as of April 1, 2022 and forms Valmet's fifth business line called Flow Control.
  • Due to the completion of the merger, Valmet updates its guidance for 2022 and confirms its new financial targets.
  • The previous guidance for 2022, issued on February 3, 2022 was:
    Valmet confirms the financial targets that were preliminarily announced on July 2, 2021.
  • Valmet's financial targets are the following (previous targets in brackets):
    Stable business refers to Services, Flow Control and Automation Systems business lines.