In preparation for Metso’s planned demerger, the board of directors has approved the strategy, organization, and financial targets for the new Valmet Corporation. Subject to an approval at a general meeting on Oct. 1, 2013, Metso's Pulp, Paper and Power business will become an independent, listed company: Valmet Corporation.
“Valmet’s competitiveness will be based on our leading position in providing services and technologies for industries using bio-based raw materials. Our comprehensive services offering, broad service network, and large installed base will provide a solid platform for growth,” says Pasi Laine, president and CEO of Valmet. “We will continue to ensure our technological leadership with focused and future-oriented R&D and accelerate the commercialization of our innovations.”
Valmet will focus on delivering technology and services globally to industries that use bio-based raw materials. Valmet’s main customer industries are pulp, paper, and energy.
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.
Bill Bohn will be the head of Valmet operations in North America. Valmet’s operating model will consist of three business lines: services, pulp and energy, and paper.
The company-to-be has defined a series of “must-win” initiatives to achieve its strategic targets. These initiatives are: customer excellence, leader in technology and innovation, excellence in processes, winning team.