Pulp-Paperworld.com / S.American News

valmet logoValmet's Financial Statements Review 2015 will be published on Tuesday, February 9, 2016 at approximately 12:00 noon Finnish time (EET). The stock exchange release and presentation material in Finnish and in English will be available at that time on Valmet's website at www.valmet.com/investors.

News conference for analysts, investors and media

Valmet will arrange a news conference in English for investment analysts, investors, and media on Tuesday, February 9, 2016 at 2:00 p.m. Finnish time (EET). The news conference will be held at Valmet Head Office in Keilaniemi, Keilasatama 5, 02150 Espoo, Finland. President and CEO Pasi Laine and CFO Kari Saarinen will be presenting at the news conference.

Webcast

The news conference can also be followed through a live webcast at www.valmet.com/webcasts. The live webcast starts at 2:00 p.m. (EET) and a recording of the webcast will be available shortly after the event at the same address.

Conference call

It is also possible to take part in the news conference through a conference call. Conference call participants are requested to dial in at least five minutes prior to the start of the conference, at 1:55 p.m. (EET), at +44 1452 560304. The participants will be asked to provide the following conference ID: 25632403.

During the webcast and the conference call, all questions should be presented in English. After the webcast and the conference call, media has a possibility to interview the management in Finnish.

The event can also be followed in Twitter at www.twitter.com/valmetir.

Further information, please contact:

Hanna-Maria Heikkinen, Vice President, Investor Relations, Valmet, tel. +359 10 672 0007

For media: Anu Salonsaari-Posti, Senior Vice President, Marketing & Communications, Valmet, tel. +358 10 672 0033

Valmet is the leading global developer and supplier of technologies, automation and services for the pulp, paper and energy industries. Valmet's vision is to become the global champion in serving its customers.

Valmet's services cover everything from maintenance outsourcing to mill and plant improvements and spare parts. The strong technology offering includes pulp mills, tissue, board and paper production lines, as well as power plants for bio-energy production. Valmet's advanced automation solutions range from single measurements to mill wide turnkey automation projects.

Valmet's net sales in 2014 were approximately EUR 2.5 billion. Our 12,000 professionals around the world work close to our customers and are committed to moving our customers' performance forward - every day. Valmet's head office is in Espoo, Finland and its shares are listed on the Nasdaq Helsinki.

Published in financial News

Pratt Industries' Valmet-supplied containerboard production line, PM 16, successfully came on stream on October 04, 2015 at their greenfield paper mill in Valparaiso, Indiana, USA. This is Valmet's first OptiConcept M installation in North America.

"PM 16 is one of the industry's most efficient paper mill, employing 120 people to make 370,000 tons a year - twice the productivity of many competitor mills. It is the world's most environmentally-friendly paper mill and a showcase for the latest in 21st Century paper-making technology," says Anthony Pratt, Global Chairman of Pratt Industries.

Valmet OptiConcept M board making line is designed to use less water, electricity and raw materials. "That's important not only for our environment but also for our customers who realize the importance of sustainable packaging." says Pratt.

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The Valmet OptiConcept M containerboard production line started up on October 4, 2015 for Pratt Industries at the Valparaiso mill in Indiana, USA.

About Pratt Industries

Pratt is America's 5th Largest corrugated packaging company and the world's largest, privately-held 100% recycled paper and packaging company, with more than 5200 highly-skilled employees dedicated to the environment and sustainability. Pratt was founded in the USA some 25 years ago and, since then, has shown dramatic growth with sophisticated manufacturing facilities in more than 20 states.

Valmet is the leading global developer and supplier of technologies, automation and services for the pulp, paper and energy industries. Valmet's vision is to become the global champion in serving its customers.

Valmet's services cover everything from maintenance outsourcing to mill and plant improvements and spare parts. The strong technology offering includes pulp mills, tissue, board and paper production lines, as well as power plants for bio-energy production. Valmet's advanced automation solutions range from single measurements to mill wide turnkey automation projects.

Valmet's net sales in 2014 were approximately EUR 2.5 billion. Our 12,000 professionals around the world work close to our customers and are committed to moving our customers' performance forward - every day. Valmet's head office is in Espoo, Finland and its shares are listed on the NASDAQ OMX Helsinki Ltd.

Further information, please contact:
 
Tuomo Rämö, Senior Project Manager, Paper Mills, Valmet, tel. +358 40 748 8513
Mike Gray, Area Vice President, North America, Valmet, tel. +1 920 738 8542

Published in North American News

Valmet won this year's prestigious 'Palme d'Or' Innovation Award with its OptiFlo headbox with Aqua layering technology. The award was given by the French Paper Industry Technical Association (ATIP). The innovation contest was arranged in connection with the ATIP Conference and Exhibition in Grenoble, France on November 24-26, 2015.

The ATIP Innovation Award rewards innovative equipment and solutions for pulp and paper industry. The award is highly regarded among the European pulp and paper industry and it is divided into three categories: Gold - Palme d'Or, Silver - Palme d'Argent and Bronze - Palme de Bronze. The ATIP Innovation Award winners are selected by a committee consisting of Paper Mill Managers, R&D Directors, Technology Directors and Production Managers from the French paper industry. The ATIP Innovation Award was established already in 1995.

2015 12 08 113541

Award ceremony from left Rémi Poirson, Mill Manager of Smurfit Kappa Saillat-sur-Vienne, Jean-Nicolas Bailly, Mill Improvement Manager from Valmet, Marc Bortolotti, Senior Sales Manager from Valmet, Hugues Leydier, President of ATIP and Daniel Gomez, Director of ATIP

Raw material savings with Aqua layering technology

2015 12 08 114234Valmet's OptiFlo headbox with new innovative Aqua layering technology makes it possible to produce a two-layer sheet with very good layer coverage using only one headbox and one forming unit. A thin layer of water is used as a headbox wedge to separate different stocks fed into the headbox. Previously this separation has been done with mechanical elements like vanes and solid wedges.

The layer separation with water delivers excellent layer coverage without mixing of the layers. It enables lower grammages on top ply of the paper and significant raw material savings.  Besides delivering excellent layer purity, the separating water layer can also act as a carrier for different additives enabling a totally new dosage point for chemicals. This delivers the same end product strength with less raw materials or with raw materials of poorer quality. Cost efficiency of papermaking can be further improved by for example feeding reject stock through the water layer together with additives. This reject stock would normally be used as landfill.

Innovation is a result of seamless team work.

Valmet's technology development aims at ensuring advanced and competitive technologies and services, enhancing raw material and energy efficiency and promoting renewable materials.

"We would not have been able to present this innovation without the hard work and contribution of several teams in Valmet. We have a long history of bringing new innovations to the market and we focus on solutions that improve energy and raw material efficiency. The pilot facilities that Valmet has play a crucial role in both testing and demonstrating the value of new technology for our customers in realistic process conditions," says Sami Anttilainen, Vice President, Technology at Valmet. 

For further information, please contact:

Sami Anttilainen, Vice President, Technology, Paper Mills Business Unit, Valmet, tel. +358 10 672 6501

Philippe Bentz, Vice President, Sales, SEMEA, Phone +33389753312

Information about Aqua layering at valmet.com: 
http://www.valmet.com/aqua-layering

Valmet is the leading global developer and supplier of technologies, automation and services for the pulp, paper and energy industries. Valmet's vision is to become the global champion in serving its customers.

Valmet's services cover everything from maintenance outsourcing to mill and plant improvements and spare parts. The strong technology offering includes pulp mills, tissue, board and paper production lines, as well as power plants for bio-energy production. Valmet's advanced automation solutions range from single measurements to mill wide turnkey automation projects.

Valmet's net sales in 2014 were approximately EUR 2.5 billion. Our 12,000 professionals around the world work close to our customers and are committed to moving our customers' performance forward - every day. Valmet's head office is in Espoo, Finland and its shares are listed on the NASDAQ OMX Helsinki Ltd.

Published in European News

Figures in brackets, unless otherwise stated, refer to the comparison period, i.e. the same period of the previous year. Automation has been consolidated into Valmet's financials since April 1, 2015, when the acquisition of Automation was completed.

April-June 2015: Strong start for Automation - Valmet's EBITA more than doubled

  • Orders received decreased to EUR 781 million (EUR 1,023 million).
    • Orders received increased in the Services business line and decreased in the Pulp and Energy, and Paper business lines.
  • Net sales increased to EUR 779 million (EUR 588 million).
    • Net sales increased in the Paper, and Services business lines and remained at the previous year's level in the Pulp and Energy business line.
    • Automation contributed to net sales by EUR 68 million.
  • Earnings before interest, taxes and amortization (EBITA) and non-recurring items were EUR 54 million (EUR 22 million), and the corresponding EBITA margin was 6.9 percent (3.7%).
    • Profitability improved due to the higher level of net sales, improved gross profit, and the acquisition of Automation.
  • Earnings per share were EUR 0.14 (EUR 0.07).
  • Non-recurring items amounted to EUR -12 million (EUR 0 million), of which costs related to acquisition of Automation amounted to approximately EUR 10 million.
  • Cash flow provided by operating activities was EUR 17 million (EUR 46 million).

January-June 2015: EBITA more than doubled - continued good development in Services

  • Orders received decreased to EUR 1,360 million (EUR 2,124 million).
    • Orders received increased in the Services business line and declined from the high levels in H1/2014 in the Pulp and Energy, and Paper business lines.
  • Net sales increased to EUR 1,340 million (EUR 1,107 million).
    • Net sales increased in Services, Pulp and Energy, and Paper business lines.
    • Automation contributed to net sales by EUR 68 million.
  • Earnings before interest, taxes and amortization (EBITA) and non-recurring items were EUR 73 million (EUR 26 million), and the corresponding EBITA margin was 5.5 percent (2.3%).
    • Profitability improved due to the higher level of net sales, improved gross profit, and the acquisition of Automation.
  • Earnings per share were EUR 0.19 (EUR 0.03).
  • Non-recurring items amounted to EUR -12 million (EUR -6 million), of which costs related to acquisition of Automation amounted to approximately EUR 10 million.
  • Cash flow provided by operating activities was EUR -3 million (EUR 89 million).

Valmet reiterates its guidance for 2015

Valmet is reiterating its guidance presented on February 6, 2015 in which Valmet estimates that, including the acquisition of Process Automation Systems, net sales in 2015 will increase in comparison with 2014 (EUR 2,473 million) and EBITA before non-recurring items in 2015 will increase in comparison with 2014 (EUR 106 million).

Short-term outlook

General economic outlook

Global growth is projected at 3.3 percent in 2015, marginally lower than in 2014, with a gradual pickup in advanced economies and a slowdown in emerging market and developing economies. In 2016, growth is expected to strengthen to 3.8 percent. The distribution of risks to global economic activity is still tilted to the downside. Near-term risks include increased financial market volatility and disruptive asset price shifts, while lower potential output. (International Monetary Fund, July 9, 2015)

Short-term market outlook

Valmet is reiterating its short-term market outlook presented on April 29, 2015. Valmet estimates that activity in pulp, and board and paper markets will remain on a good level. The activity in the services, tissue, and automation markets is estimated to remain satisfactory. The activity in the energy markets is expected to remain weak.

President and CEO Pasi Laine: Together with Automation, Valmet becomes a stronger company

When the acquisition of Process Automation Systems was completed on April 1, 2015, Valmet got its fourth business line, called Automation. Our customers appreciate that we have reunited the automation expertise with paper, pulp, and power plant technology and process know-how, within the same company. This change has energized and motivated our employees too.

Automation had a strong start as a part of Valmet, and over time I believe that we can achieve even greater benefits through good internal cooperation. With an integrated sales process, harmonized project execution, wider offering and enhanced product development, we will be able to serve our customers even better than before. All in all, Valmet will become a stronger company.

Valmet's performance in the second quarter of 2015 was solid: net sales increased, profitability improved and the EBITA margin reached our targeted range. Good development continued in the Services business line. Additionally we are continuing our focus on cost control and successful project execution.

In addition to expanding Valmet's offering, the automation business somewhat decreases cyclicality of Valmet's businesses. On annual level the automation business is typically fairly stable, thus increasing the stability and visibility of Valmet's business.

Key figures*

2015 07 31 084519

2015 07 31 084539

Valmet is the leading global developer and supplier of technologies, automation and services for the pulp, paper and energy industries. Valmet's vision is to become the global champion in serving its customers.

Valmet's services cover everything from maintenance outsourcing to mill and plant improvements and spare parts. The strong technology offering includes pulp mills, tissue, board and paper production lines, as well as power plants for bio-energy production. Valmet's advanced automation solutions range from single measurements to mill wide turnkey automation projects.

Valmet's net sales in 2014 were approximately EUR 2.5 billion. Our 12,000 professionals around the world work close to our customers and are committed to moving our customers' performance forward - every day. Valmet's head office is in Espoo, Finland and its shares are listed on the NASDAQ OMX Helsinki Ltd.

Valmet's Interim Review January 1 - June 30, 2015
Published in financial News

Hayat Kimya's new Advantage DCT 200TS tissue line, PM5, was started up in March 2015 by a joint Valmet and Hayat Kimya team. The new line, at the Mersin mill in Turkey, came smoothly on stream according to schedule and produced sellable paper from the very start.

This was the second start-up for the same team in three months, as Hayat Kimya's PM4 at the new Alabuga mill in Tartarstan, Russia was started up in December 2014. The time schedule was very tight but the paper was on reel as expected with good paper properties.

"This was for most of us, the third and fourth tissue line installation we have started together. During the years we have developed a mutual respect and high confidence in each other, which makes the coordination of the assembly and all commissioning activities very smooth and together we make things happen," says Rolf Tellack, Project Manager, Valmet.

"We share the same excitement with everyone who has contributed with patience and determination to make these projects successful. Even though the conditions were very different between the Russian and the Turkish installations both machines started up on time and are now producing top quality paper at high speed," says Lütfi Aydin, Director Paper Group, Hayat Kimya.

Hayat Kimya has now four tissue lines supplied by Valmet in their machine fleet and one more to start up in 2016. Recently the company announced the rebuild of their PM1 which means that all their tissue lines will be operating with the Advantage DCT technology from Valmet.

684834

Hayat Kimya and Valmet team celebrating the PM5 start-up at the Mersin mill in Turkey

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Hayat Kimya and Valmet team celebrating the PM4 start-up at the Alabuga mill in Tartarstan, Russia

Technical information

Both tissue machines have a width of 5.6 m and a design speed of 2,200 m/min. The design capacity for each machine is 70,000 tonnes a year. Both machines will produce high-quality facial, toilet and towel grades from virgin fiber and are optimized to save energy and enhance final product quality.

The two tissue production lines feature stock preparation systems and Advantage DCT 200TS tissue machines. The machines are equipped with OptiFlo headboxes and Valmet cast alloy Yankee cylinders as well as the Advantage technology including ViscoNip press, AirCap hood prepared for co-generation, WetDust sytem, sheet transfer system and SoftReel reel. The delivery also included an extensive automation package with Valmet DNA, process controls and Valmet IQ quality controls. Complete engineering, supervision, training, start-up and commissioning was also included in the delivery.

Information about the customer Hayat Kimya

Hayat Kimya A.S. is part of the Hayat Group. The Hayat Group primarily operates in the chemicals, hygienic products, paper and wood-based industries. The Hayat tissue facilities today have a paper production capacity of 350,000 tonnes and a converting capacity of 200,000 tonnes per year. Through new investment and ongoing projects the total production capacity of Hayat Kimya will reach 420,000 tonnes.

For further information, please contact:

Björn Magnus, Sales Director, Tissue Mills business unit, Valmet, tel. +46 703 17 79 83

Rolf Tellack, Project Manager, Tissue Mills business unit, Valmet, tel. +46 705 62 75 65

Valmet Corporation is the leading global developer and supplier of technologies, automation and services for the pulp, paper and energy industries. Valmet's vision is to become the global champion in serving its customers.

Valmet's services cover everything from maintenance outsourcing to mill and plant improvements and spare parts. The strong technology offering includes pulp mills, tissue, board and paper production lines, as well as power plants for bio-energy production. Valmet's advanced automation solutions range from single measurements to mill wide turnkey automation projects.

Valmet's net sales in 2014 were approximately EUR 2.5 billion. Our 12,000 professionals around the world work close to our customers and are committed to moving our customers' performance forward - every day. Valmet's head office is in Espoo, Finland and its shares are listed on the NASDAQ OMX Helsinki Ltd.

Published in European News

Valmet has launched a new and intuitive roll cover online tool in April 2015. This interactive application enables users to locate and select the correct roll cover for any paper, board or tissue production line roll positions, as well as for pulp drying machines.

2015 04 24 103045

The new online tool will serve Valmet's customers even more efficiently by collating Valmet's entire roll cover and coating product range and presenting the products in one user-friendly view along with all related product information. You can find the application at www.valmet.com/rollcovers.

Easily browse through the entire Valmet roll cover range

"As an industry-leading roll cover supplier, we wanted to make it easy to search for and select a roll cover for each position. In addition to looking at roll cover options and qualities, this is also a quick way to open and download product datasheets", explains Samppa Ahmaniemi, director of Roll Covers at Valmet. The user-friendly online tool can be conveniently accessed even from tablet devices.

Fit-for-purpose roll covers for all applications

Valmet's roll cover portfolio contains a wide range of high technology solutions for all applications. For decades, Valmet has utilized the latest technology and research results in the development of roll covers. This work has resulted in modern roll cover materials and innovative coating solutions.

Regardless of the paper grade or machine brand, Valmet offers its customers a comprehensive selection of roll covers to suit their particular needs. Valmet has developed long-lasting, compliant covers ranging from rubber and polyurethane all the way to ultra-hard carbides and ceramics. These materials provide excellent wear resistance and long, disturbance-free run times. As a result, mills can increase their machine efficiency, extend roll running times and reduce their maintenance costs.

Further information, please contact:

Samppa Ahmaniemi, Director, Roll Covers, Valmet

tel. +358 10 672 6837

Juha Ruotsi, Global Technology Manager, Roll Covers, Valmet

tel. +358 10 672 0950

Published in European News

The winner of Valmet Tissue Technology Award was announced at the Tissue World Conference, Barcelona, Spain, on March 17, 2015. The award and the USD 25,000 prize amount was granted to Abdus Salam, Graduate Student from North Carolina State University, USA.

The purpose of the Valmet Tissue Technology Award is to promote university students' or scientists' work to develop environmentally sound products applicable to the tissue making processes. The award is granted every second year and the winner is selected by a panel of jurors representing universities, scientific organizations and Valmet.

2015 03 18 103212

Valmet Tissue Technology Award ceremonies at the Tissue World Conference in Barcelona 

The focus area for the award this year was environmental efficiency. Mr. Salam is awarded for his work on modified hardwood pulp for tissue production. The objective of Mr. Salam's work has been to develop a method to provide unique tissue characteristics using only natural materials. By modifying hardwood pulp, it can be cross-linked with a biodegradable product to greatly improve absorbency properties. The modified fibers are elastic, very soft, highly porous and durable, and also have microbial properties.

"We are constantly searching for new innovations to make the tissue process more sustainable and environmentally efficient. Mr. Salam's innovation is well in line with our strategy and shows how biomaterials can be utilized to add new and improved properties to tissue products. This is an excellent example of how scientists and the academic world can contribute to the important work of developing sustainable solutions for the future of tissue-making," says Anders Björn, Vice President, Tissue Mills business unit, Valmet.

"I greatly appreciate the award committee's selection of my research for Valmet Tissue Technology Award of 2015. This is my first international award which has truly inspired me to develop new products and ideas for tissue and paper towel applications. I believe the research developments related to modifying hardwood pulp can significantly contribute to the personal health care sector as well as the global economy," says Abdus Salam, the winner of the Valmet Tissue Technology Award.

More information about the Valmet Tissue Technology Award including application regulations can be found at www.valmet.com/tissueaward.

For further information, please contact:

Anders Björn, Vice President, Tissue Mills business unit, Valmet, Tel. +46 705 17 13 38

Allan Grimm, Manager, Global Technology, Tissue Mills business unit, Valmet, Tel. +46 54 17 11 42

Valmet Corporation is a leading global developer and supplier of services and technologies for the pulp, paper and energy industries. Our 10,500 professionals around the world work close to our customers and are committed to moving our customers' performance forward - every day.

Valmet's services cover everything from maintenance outsourcing to mill and plant improvements and spare parts. Our strong technology offering includes entire pulp mills, tissue, board and paper production lines, as well as power plants for bio-energy production.

Valmet's net sales in 2014 were approximately EUR 2.5 billion. Valmet's objective is to become the global champion in serving its customers.

Valmet's head office is in Espoo, Finland and its shares are listed on the NASDAQ OMX Helsinki Ltd.

Read more www.valmet.com , www.twitter.com/valmetglobal

Published in European News

Valmet has installed a new bio pilot plant in its research and development center in Sundsvall, Sweden. The equipment, called BioTrac, is a hydrolysis system which is used for process optimization and testing of raw materials based on biomass. This is part of Valmet's investment into developing new technologies for biorefinery applications, in order to deliver technology and process solutions to reduce CO2 emissions globally.

2014-09-24 215339 valmet trac

Valmet's BioTrac is flexible both when it comes to different raw materials and process alternatives, and can be adapted to several downstream process steps. Hydrolysis is often the first step in a biorefinery, and a step that has to be passed, regardless of subsequent process chosen. Further refining of the biomass can for example be production of bioethanol, bio based chemicals and biomaterial, such as bio based plastics.

"Many companies want to replace fossil fuels in favor of renewable raw materials. The product streams from our BioTrac system, and from the subsequent processes, can be used as bio based raw materials for production of for example plastics and chemicals. We are confident that our customers appreciate that they now can test their own ideas in our pilot plant, which in all essential parts correspond to the full scale equipment they are interested in," says Rickard Andersson, Vice President, Bio Technology and Environmental Systems, Valmet.

"In the new BioTrac system it is easy to handle a variety of biomasses and we can closely control and follow what is happening in the process. The system represents world class and is based on technology which was originally developed for the pulp and paper industry, where Valmet has extensive experience going over hundred years back," says Olof Melander, Manager, Valmet Fiber Technology Center in Sundsvall.

About hydrolysis

Hydrolysis is a chemical process that, under elevated temperature and pressure, makes cellulose and hemicellulose available to be split into different sugars and lignin in subsequent processes. The lignin is obtained as a solid residue. Both sugars and lignin can then be further refined.

Information about Valmet's Fiber Technology Center in Sundsvall, Sweden

Valmet's Fiber Technology Center in Sundsvall employs about 20 persons, among them a number of researchers. In addition to several different pilot plants, e.g. for washing, screening and refining, the technology center also houses a laboratory for bleaching trials and various chemical, pulp and paper analyses.

Valmet Corporation is a leading global developer and supplier of services and technologies for the pulp, paper and energy industries. Our 11,000 professionals around the world work close to our customers and are committed to moving our customers' performance forward - every day.

Valmet's services cover everything from maintenance outsourcing to mill and plant improvements and spare parts. Our strong technology offering includes entire pulp mills, tissue, board and paper production lines, as well as power plants for bio-energy production.

The company has over 200 years of industrial history and was reborn through the demerger of the pulp, paper and power businesses from Metso Group in December 2013. Valmet's net sales in 2013 were approximately EUR 2.6 billion. Valmet's objective is to become the global champion in serving its customers.

Valmet's head office is in Espoo, Finland and its shares are listed on the NASDAQ OMX Helsinki Ltd.

 

Additional Info

  • Contacts

    Further information, please contact:

    Rickard Andersson, Vice President, Bio Technology and Environmental Systems, Pulp and Energy Business Line, Valmet, tel. +46 70 305 5722

    Olof Melander, Senior Manager, Fiber Technology Center, Pulp and Energy Business Line, Valmet, tel. +46 70 328 7021

Published in European News

signature valmetValmet Corporation (business ID 2553019-8) has on August 18, 2014 received a notification referred to in Securities Market Act from Nordea Funds Oy (business ID 1737785-9), stating that the company's ownership and share of votes in Valmet Corporation has risen above the threshold of 5 percent (1/20).

As a result of share transactions on August 15, 2014, the holding of Nordea Funds Oy increased to 7,502,743 shares (previously 7,445,447 shares), representing an ownership of 5.006 percent (previously 4.968 percent) of Valmet Corporation's total number of shares and share of votes.

Valmet Corporation has one series of shares in which each share carries one vote. The aggregate number of shares is 149,864,619.

Additional Info

  • About

    Valmet Corporation is a leading global developer and supplier of services and technologies for the pulp, paper and energy industries. Our 11,000 professionals around the world work close to our customers and are committed to moving our customers' performance forward - every day.

    Valmet's services cover everything from maintenance outsourcing to mill and plant improvements and spare parts. Our strong technology offering includes entire pulp mills, tissue, board and paper production lines, as well as power plants for bio-energy production.

    The company has over 200 years of industrial history and was reborn through the demerger of the pulp, paper and power businesses from Metso Group in December 2013. Valmet's net sales in 2013 were approximately EUR 2.6 billion. Valmet's objective is to become the global champion in serving its customers.

    Valmet's head office is in Espoo, Finland and its shares are listed on the NASDAQ OMX Helsinki Ltd.

  • Contacts

    Further information, please contact:

    Markku Honkasalo, Chief Financial Officer, Valmet Corporation, tel. +358 10 672 0008

Published in financial News

signature valmetValmet's strategy and financial targets, which were announced on September 3, 2013, have been reconfirmed by Valmet's Board of Directors, and thus remain unchanged.

Strategy

Valmet will focus on delivering technology and services globally to industries that use bio-based raw materials. Valmet's vision is to become the global champion in serving its customers, and its mission is to convert renewable resources into sustainable results.

Valmet's main customer industries are pulp, paper, and energy. All of these are major global industries that offer growth potential for the future. Valmet will complement its core business by applying its technology and know-how to industries beyond biomass, particularly in the energy sector.

Valmet's product and service portfolio consists of productivity-enhancing services, plant upgrades and rebuilds, new cost-efficient equipment and solutions for optimizing energy and raw material usage, and technologies increasing the value of its customers' end-products.

Valmet continues to seek to achieve its strategic targets by pursuing the following Must-Win initiatives: customer excellence, leader in technology and innovation, excellence in processes, and winning team.

Financial targets

Valmet's financial targets are the following:

  • Net sales growth to exceed market growth 
     
  • EBITA before non-recurring items: 6-9%
     
  • Return on capital employed (pre-tax), ROCE: minimum of 15%
     
  • Dividend payout at least 40% of net profit

Comment from Pasi Laine, President and CEO of Valmet Corporation:

"We continue with the strategy and financial targets we set up in September, 2013. Valmet's strategy is clear and well-defined, and our Must-Wins focus on the right areas. The focus of the management continues to be on reaching the financial targets and on the further development of our position as a leading, global services and technology provider for pulp, paper and energy industries," says Pasi Laine, President and CEO of Valmet Corporation.

Additional Info

  • About

    Valmet Corporation is a leading global developer and supplier of services and technologies for the pulp, paper and energy industries. Our 11,000 professionals around the world work close to our customers and are committed to moving our customers' performance forward - every day.

    Valmet's services cover everything from maintenance outsourcing to mill and plant improvements and spare parts. Our strong technology offering includes entire pulp mills, tissue, board and paper production lines, as well as power plants for bio-energy production.

    The company has over 200 years of industrial history and was reborn through the demerger of the pulp, paper and power businesses from Metso Group in December 2013. Valmet's net sales in 2013 were approximately EUR 2.6 billion. Valmet's objective is to become the global champion in serving its customers.

    Valmet's head office is in Espoo, Finland and its shares are listed on the NASDAQ OMX Helsinki Ltd.

    Read more www.valmet.com , www.twitter.com/valmetglobal

  • Contacts

    Further information, please contact:

    Pasi Laine, President and CEO, Valmet Corporation, tel. +358 10 672 0001

    Markku Honkasalo, Chief Financial Officer, Valmet Corporation, tel. +358 10 672 0008

    For investors and analysts: Hanna-Maria Heikkinen, VP, Investor Relations, Valmet Corporation, tel. +358 10 672 0007

Published in financial News
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