RICS:VALMT.HE

Valmet chosen as the third most attractive employer by engineering students in Finland

Retrieved on: 
Wednesday, May 8, 2024
Information technology, Valmet, Talent management, Student, University, Automation, Nasdaq Helsinki, Paper, Natural science, Knowledge, Management

ESPOO, Finland, May 8, 2024 /PRNewswire/ -- Valmet has been chosen as the third most attractive employer by engineering students in Finland. The ranking was published in Universum's annual Talent Research, which is the biggest employer survey in Finland.

Key Points: 
  • ESPOO, Finland, May 8, 2024 /PRNewswire/ -- Valmet has been chosen as the third most attractive employer by engineering students in Finland.
  • Valmet has kept its position as one of the most attractive employers among engineering students in Finland for the past few years.
  • Valmet takes pride in empowering students with different backgrounds to learn and apply their skills in real life tasks and projects.
  • "We are very proud to be one of the most attractive employers among engineering students in Finland again.

Valmet to deliver a fiberline upgrade to the Lecta Zaragoza mill in Spain

Retrieved on: 
Thursday, May 2, 2024
Lecta, Kentucky, Cooking, Pulp and paper industry

ESPOO, Finland, May 2, 2024 /PRNewswire/ -- Valmet is to deliver a comprehensive fiberline technology upgrade to Lecta's combined pulp and paper mill in Zaragoza, Spain. The upgrade enables a significant capacity increase in pulp production, while reducing operational costs and improving the availability of the fiberline.

Key Points: 
  • ESPOO, Finland, May 2, 2024 /PRNewswire/ -- Valmet is to deliver a comprehensive fiberline technology upgrade to Lecta's combined pulp and paper mill in Zaragoza, Spain.
  • The upgrade enables a significant capacity increase in pulp production, while reducing operational costs and improving the availability of the fiberline.
  • The fiberline upgrade will cover areas such as wood handling, cooking, brown stock screening, washing and oxygen delignification.
  • "Having successfully cooperated with the Zaragoza mill for a long time, we are happy that Lecta chose Valmet's state-of-the-art wood handling, cooking and fiberline technologies for this upgrade.

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.

Valmet reaches a significant milestone for automation systems business by launching Valmet DNAe, the next generation Distributed Control System

Retrieved on: 
Tuesday, April 9, 2024
Automation, DCS, Operational definition, Information technology, Control System, Architecture, Engineering, Environment, Safety, Video game

In the development of this new system, we have focused on usability and performance, with a modular approach that enables upgrade paths also from our previous system generations," says Emilia Torttila-Miettinen, President, Automation Systems business line at Valmet.

Key Points: 
  • In the development of this new system, we have focused on usability and performance, with a modular approach that enables upgrade paths also from our previous system generations," says Emilia Torttila-Miettinen, President, Automation Systems business line at Valmet.
  • With this new system, the company will have an excellent opportunity to continue expanding the footprint of its automation systems business worldwide.
  • The new Valmet DNAe Distributed Control System shares its web-based user interface, analytics tools, and common hardware with the previous generation of Valmet DNA.
  • Valmet DNAe will be introduced in various events during spring 2024, starting with Pulp&Beyond in Helsinki, Finland on April 10-11.

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.

Valmet has completed the acquisition of the Process Gas Chromatography business from Siemens

Retrieved on: 
Tuesday, April 2, 2024
Automation, Gas, Today, History, Integration, Acquisition, Customer, Biofuel, EEST, Nasdaq Helsinki, Safety, Paper, LNG, System integration, Sales

ESPOO, Finland, April 2, 2024 /PRNewswire/ -- Valmet has completed the acquisition of the Process Gas Chromatography & Integration business from Siemens AG. The closing of the transaction follows the agreement that was announced on July 17, 2023.

Key Points: 
  • Valmet Oyj's press release on April 2, 2024 at 3:00 p.m. EEST
    ESPOO, Finland, April 2, 2024 /PRNewswire/ -- Valmet has completed the acquisition of the Process Gas Chromatography & Integration business from Siemens AG.
  • The Process Gas Chromatography & Integration business of Siemens AG is a market leader with its MAXUM II Gas Chromatograph platform, Systems Integration, and Customer Services offering.
  • The acquisition is in line with Valmet's strategy and will further strengthen Valmet's automation segment and process automation offering with process industry gas chromatograph and process analyzer systems offering.
  • "The acquisition was completed as planned and we are very happy to welcome the new colleagues as well as the former Siemens Process Gas Chromatography & Integration's customers to Valmet.

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.