News
New Valmet will serve “bio-based” industries and energy

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,…

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.