Editing Valmet

{{Short description|Finnish company}}
{{For|Valmet Automotive|Valmet Automotive}}
{{Promotional|date=April 2021}}
{{Infobox company
| name = Valmet Oyj
| logo = Valmet.svg
| logo_size = 125px
| type = [[Julkinen osakeyhtiö]]
| traded_as = {{OMX|HEX98819|VALMT}}
| foundation = December 2013
| location_city = [[Espoo]]
| location_country = [[Finland]]
| key_people = {{Plainlist|
* Mikael Mäkinen <small>([[Chairman]])</small><ref>{{Cite web |title=Valmet's Board of Directors |url=https://www.valmet.com/about-us/management/board-of-directors/ |publisher=www.valmet.com |language=en |access-date=2020-05-07}}</ref>
* Thomas Hinnerskov <small>(President and [[chief executive officer|CEO]])</small>
}}
| industry = Technology, services & automation solutions for pulp, paper, energy sectors and various process industries
| revenue = €5,837 million <small>(2024)</small><ref name=AR2024>{{cite web |url=https://www.valmet.com/globalassets/investors/reports--presentations/annual-reports/2024/valmet-annual-review-2024.pdf |title=Annual Report 2024, Financial statements |access-date= 4 March 2025 |publisher=Valmet}}</ref>
| operating_income = €449 million <small>(2024)</small><ref name=AR2024/>
| net_income = €383 million <small>(2024)</small><ref name=AR2024/>
| num_employees = 19,310 <small>(2024)</small><ref name=AR2024/>
| homepage = [http://www.valmet.com/ www.valmet.com]
}}

'''Valmet Oyj''', a Finnish company, is a developer and supplier of process technologies, automation systems and services for the [[pulp (paper)|pulp]], [[paper]], [[energy industry|energy industries]]. Flow control serves a wider base of process industries.

== History ==
===1999–2012 Valmet and Rauma merge as Metso===
At the end of 2009, Metso acquired Tamfelt Corporation, one of the world's leading suppliers of technical textiles.<ref>{{Cite web|title=Metso-acquired Tamfelt Corp. established as Fabrics business line|url=https://www.valmet.com/media/news/news-archive-1999-2013/pulp-and-paper-news/metso-acquired-tamfelt-corp.-established-as-fabrics-business-line/|access-date=2021-09-17|website=www.valmet.com}}</ref><ref>{{cite web
|url=https://mb.cision.com/Public/19005/2977732/ad39c2687aeb3b00.pdf|title=Metso Corporation Financial Statements 2009|website=cision.com|access-date=23 July 2023}}</ref>

===Valmet 2020–===

{{Main|Neles}}

At the end of June 2020, Neles was separated from Metso. The State of Finland sold its share of 15 per cent to Valmet.<ref name="hs.fi">{{Cite web|url=https://www.hs.fi/talous/art-2000008360215.html|title=Vuosi sitten Pasi Laine voitti taistelun Neleksestä, ja nyt Valmetin pitää päättää, mitä se yhtiöllä haluaa tehdä|website=www.hs.fi|date=4 November 2021 |language=fi|access-date=2022-11-30}}</ref> In mid-July, the Swedish company [[Alfa Laval]] made an offer to buy Neles. Valmet's CEO Laine rebuked the board of Neles for ill-advised actions and accepting a price that was too low. Laine had previously managed the business operations of Neles and thought that Valmet could in time have bought more of its stock. Alfa Laval's CEO said that they had bought Neles at a “pandemic discount,” and the front page of the Swedish financial newspaper [[Dagens industri|Dagens Industri]] celebrated that Sweden would soon own Finland's industry. Valmet started buying Neles stock. By the autumn, Valmet owned nearly 30 per cent of the stock. Alfa Laval only received the support of a third of Neles owners for its takeover bid, and withdrew from the competition in November.<ref name="hs.fi"/>

In January 2021, Valmet reported that it would supply the mills of the Swedish company Renewcell with equipment to produce [[dissolving pulp]] from recycled clothes and textiles.<ref name=tk>{{Cite web|url=https://www.hs.fi/talous/art-2000007998458.html|title=Tekstiilien kierrätys on kuuma kasvualue, ja yritykset tietävät sen, sellutehtaita tekevä Valmet opettelee nyt käsittelemään vaate-ätettä|website=www.hs.fi|date=6 June 2021 |language=fi|access-date=2022-11-30}}</ref> In May, Valmet announced that it would deliver drying technology to Spinnova, which produces textile fiber from cellulose.<ref name=tk/> Valmet equipment for the textile industry is in high demand in Europe, because the collection of discarded textiles for recycling must be organized in the EU countries by 2025. Valmet had been developing recycling technology with Renewcell for years, and the companies constructed a pilot plant and a factory in Sundsvall together.<ref name=tk/> In July 2021, Valmet and Neles agreed to merge.<ref>{{Cite web|url=https://www.hs.fi/talous/art-2000008097798.html|title=Nyt se on varmaa: Valmet ja Neles sulautuvat, Valmetin osake putosi uutisen jälkeen – "Markkinat eivät hahmota Valmetin logiikkaa"|website=www.hs.fi|date=2 July 2021 |language=fi|access-date=2021-08-10}}</ref> Neles owners obtained 18.8 per cent of the merging company. The companies’ synergies were considered to be substantial during the transaction. Neles was thought to help increase sales in automation systems, while its products were also to be sold to the paper industry.<ref name="hs.fi"/>

Neles [[merged]] into Valmet in April 2022, becoming Valmet's fifth business line, Flow Control.<ref>{{Cite web|url=https://www.kauppalehti.fi/uutiset/valmetin-ja-neleksen-fuusio-astuu-voimaan-ja-neles-purkautuu/9937b0c8-898c-4000-9235-ebd7e1074b74|title=Valmetin ja Neleksen fuusio astuu voimaan ja Neles purkautuu|website=www.kauppalehti.fi|language=fi|access-date=2022-04-01}}</ref> The companies had several managers and employees who knew each other from Metso days. After the merger, the company had 17,000 employees, 3,000 of whom came from Neles.<ref>{{Cite web|url=https://www.kauppalehti.fi/uutiset/valmetin-odottama-neles-fuusio-vahvistaa-yhtion-pyhaa-kolminaisuutta-venttiileista-haetaan-nyt-uutta-ponnahduslautaa-etenkin-automaatiolle/46c7c46c-a77f-43f3-96ca-7b077b0592ee|title=Valmetin odottama Neles-fuusio vahvistaa yhtiön "pyhää kolminaisuutta" – Venttiileistä haetaan nyt uutta ponnahduslautaa etenkin automaatiolle|website=www.kauppalehti.fi|language=fi|access-date=2022-07-26}}</ref>

In February 2024, it was announced that President and CEO Pasi Laine would be retiring at the end of September 2024. Danish CEO of [[Mediq]], Thomas Hinnerskov, was chosen by Valmet's board of directors to lead the company as the new President and CEO.<ref>{{Cite web |title=Inside information: Thomas Hinnerskov appointed President and CEO of Valmet |url=https://www.valmet.com/media/news/stock-exchange-releases/2024/inside-information-thomas-hinnerskov-appointed-president-and-ceo-of-valmet/ |access-date=2024-06-20 |website=www.valmet.com |language=en}}</ref>

In October 2024, Valmet announced that is it cutting 112 jobs to improve "profitability and competitiveness of the business operations.".<ref>{{Cite web |title=Finnish firm Valmet announces 112 redundancies |url=https://yle.fi/a/74-20119222 |access-date=2024-10-23 |website=www.yle.fi |language=en}}</ref> This comes after a net profit of 157 million euros in Q1-Q2 2024.<ref>{{Cite web |title=Valmet's reports and presentations from 2024 |url=https://www.valmet.com/investors/reports-and-presentations/2024/ |website=www.valmet.com |language=en}}</ref>

== See also ==
*[[Valmet Automotive]]

==References==
{{Reflist|2}}

{{Valmet tram}}
{{automotive industry in Finland}}
{{OMX Helsinki 25 companies}}
{{Nasdaq Helsinki}}
{{Authority control}}

{{DJSI World}}

[[Category:Valmet| ]]
[[Category:Companies listed on Nasdaq Helsinki]]
[[Category:Companies in the OMX Helsinki 25]]
[[Category:Conglomerate companies of Finland]]
[[Category:Aircraft manufacturers of Finland]]
[[Category:Motor vehicle manufacturers of Finland]]
[[Category:Shipbuilding companies of Finland]]
[[Category:Defence companies of Finland]]
[[Category:1951 establishments in Finland]]
[[Category:1999 disestablishments in Finland]]
[[Category:Manufacturing companies established in 1951]]
[[Category:Companies disestablished in 1999]]
[[Category:Firearm manufacturers of Finland]]
[[Category:Locomotive manufacturers of Finland]]
[[Category:Finnish companies established in 1951]]