Osakeyhtiö

Valmet to start change negotiations regarding Services and Paper business lines, EMEA area organization and parts of corporate functions

Retrieved on: 
Thursday, February 15, 2024

ESPOO, Finland, Feb. 15, 2024 /PRNewswire/ -- Valmet starts change negotiations on February 15, 2024 that affect certain parts of Services and Paper business lines, EMEA (Europe, Middle East, Africa) area organization and corporate functions. These negotiations include a plan to consider measures aimed at improving the profitability and competitiveness of the business operations, as well as adapting to the changing market situation. The planned measures affect mainly Finland and Sweden.

Key Points: 
  • Valmet Oyj's press release on February 15, 2024 at 2:05 p.m. EET
    ESPOO, Finland, Feb. 15, 2024 /PRNewswire/ -- Valmet starts change negotiations on February 15, 2024 that affect certain parts of Services and Paper business lines, EMEA (Europe, Middle East, Africa) area organization and corporate functions.
  • These negotiations include a plan to consider measures aimed at improving the profitability and competitiveness of the business operations, as well as adapting to the changing market situation.
  • The plan includes restructuring organizational structures, development of ways of working and adjustment of personnel to the work situation.
  • Valmet is a leading global developer and supplier of process technologies, automation and services for the pulp, paper and energy industries.

Valmet to deliver electrostatic precipitators to Nordic Paper's Bäckhammar mill in Sweden

Retrieved on: 
Tuesday, February 13, 2024

ESPOO, Finland, Feb. 13, 2024 /PRNewswire/ -- Valmet will deliver electrostatic precipitators (ESP) for the existing recovery boiler in Nordic Paper's Bäckhammar mill in Kristinehamn, Sweden. The take over is scheduled to be in the end of 2025.

Key Points: 
  • Valmet Oyj's press release February 13, 2024 at 9:30 a.m. EET
    ESPOO, Finland, Feb. 13, 2024 /PRNewswire/ -- Valmet will deliver electrostatic precipitators (ESP) for the existing recovery boiler in Nordic Paper's Bäckhammar mill in Kristinehamn, Sweden.
  • Through the installation of new electrostatic precipitators, the emissions of dust into the air will be reduced by more than two-thirds.
  • The delivery of new electrostatic precipitators strengthens our partnership with Nordic Paper in both scope and depth.
  • Valmet will deliver electrostatic precipitators (ESP) for the existing recovery boiler in Nordic Paper's Bäckhammar mill in Kristinehamn, Sweden.

Valmet to start the share buy-back program for its share-based incentive plans

Retrieved on: 
Monday, February 12, 2024

ESPOO, Finland, Feb. 12, 2024 /PRNewswire/ -- Valmet announced on December 20, 2023, that the Board of Directors of Valmet has decided to use the authorization granted by the Annual General Meeting held on March 22, 2023, to repurchase the Company's own shares. Based on the authorization, the Board has decided to initiate a fixed-term share buy-back program for the purpose of acquiring the Company's own shares to meet part of the obligations arising from its share-based long-term incentive plans (LTI Plans) and the Restricted Pool incentive.

Key Points: 
  • Based on the authorization, the Board has decided to initiate a fixed-term share buy-back program for the purpose of acquiring the Company's own shares to meet part of the obligations arising from its share-based long-term incentive plans (LTI Plans) and the Restricted Pool incentive.
  • The share acquisitions will begin today, February 12, 2024, and will end at the latest on March 1, 2024.
  • Valmet is a leading global developer and supplier of process technologies, automation and services for the pulp, paper and energy industries.
  • Valmet's shares are listed on the Nasdaq Helsinki and the head office is in Espoo, Finland.

Notice convening the Annual General Meeting of Valmet Oyj

Retrieved on: 
Wednesday, February 7, 2024

ESPOO, Finland, Feb. 7, 2024 /PRNewswire/ -- Notice is given to the shareholders of Valmet Oyj ("Valmet" or the "Company") to the Annual General Meeting to be held on March 21, 2024 starting at 1:00 p.m. (EET) at Siipi Conference Centre of Helsinki Expo and Convention Centre (Messukeskus Helsinki), hall 101 at the address Rautatieläisenkatu 3, 00520 Helsinki, Finland. The reception of the shareholders who have registered for the meeting and the distribution of voting tickets will commence at 12:00 noon.

Key Points: 
  • In addition, the shareholders who have registered for the meeting can follow the Annual General Meeting via a webcast.
  • For further instructions, please refer to Section C. "Instructions for the Participants in the Annual General Meeting" of this notice.
  • Valmet's Nomination Board proposes to the Annual General Meeting, that the number of members of the Board of Directors for the term expiring at the close of the Annual General Meeting 2025 be eight (8).
  • The Board of Directors proposes to the Annual General Meeting that the Annual General Meeting authorize the Board of Directors to resolve on the repurchase of the Company's own shares in one or several tranches.

Valmet to deliver a tissue paper making line, tissue converting equipment and a biomass boiler to Suzano Papel e Celulose in Brazil

Retrieved on: 
Tuesday, January 30, 2024

ESPOO, Finland, Jan. 30, 2024 /PRNewswire/ -- Valmet will deliver a complete tissue line including a tissue making line and converting equipment to Suzano Papel e Celulose in Brazil. The order also includes a biomass boiler. This is Valmet's first combined order with tissue making and tissue converting lines after the acquisition of tissue converting business in late 2023. The tissue order also includes an extensive automation package, flow control valves and Valmet Industrial Internet solutions.

Key Points: 
  • Valmet Oyj's press release on January 30, 2024 at 9:30 a.m. EET
    ESPOO, Finland, Jan. 30, 2024 /PRNewswire/ -- Valmet will deliver a complete tissue line including a tissue making line and converting equipment to Suzano Papel e Celulose in Brazil.
  • This is Valmet's first combined order with tissue making and tissue converting lines after the acquisition of tissue converting business in late 2023 .
  • The tissue making line and biomass boiler orders are included in Valmet's orders received of the fourth quarter 2023 and the tissue converting equipment order of the first quarter 2024.
  • The tissue making line, converting equipment and the biomass boiler will be installed at the Aracruz mill in Espírito Santo, Brazil.

Publishing of Valmet's Financial Statements Review 2023 on February 7, 2024

Retrieved on: 
Thursday, January 11, 2024

ESPOO, Finland, Jan. 11, 2024 /PRNewswire/ -- Valmet's Financial Statements Review 2023 will be published on Wednesday, February 7, 2024, at approximately 1:00 p.m. Finnish time (EET). 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 January 11, 2024 at 1:00 p.m. EET
    ESPOO, Finland, Jan. 11, 2024 /PRNewswire/ -- Valmet's Financial Statements Review 2023 will be published on Wednesday, February 7, 2024, at approximately 1:00 p.m. Finnish time (EET).
  • 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/q4-2023 on Wednesday, February 7, 2024, at 2:00 p.m. Finnish time (EET).
  • Valmet's shares are listed on the Nasdaq Helsinki and the head office is in Espoo, Finland.

Valmet to supply key technology for Shandong Jin Tian He Paper's board machine in China

Retrieved on: 
Thursday, January 11, 2024

ESPOO, Finland, Jan. 11, 2024 /PRNewswire/ -- Valmet will supply key technology to Shandong Jin Tian He Paper's board machine PM 13 food grade folding boxboard line in China. The delivery will include headboxes, a former and press section, finishing technologies, automation and services. 

Key Points: 
  • Valmet Oyj's press release on January 11, 2024 at 9:30 a.m. EET
    ESPOO, Finland, Jan. 11, 2024 /PRNewswire/ -- Valmet will supply key technology to Shandong Jin Tian He Paper's board machine PM 13 food grade folding boxboard line in China.
  • The order is included in Valmet's orders received of the fourth quarter 2023.
  • "Shandong Jin Tian He Paper develops high-end food grade coated white cardboard to meet the people's yearning for a better life and the social demand for high-end packaging products.
  • Valmet and Shandong Jin Tian He Paper are working closely together, not only executing a successful project but also deepening partnership," says Daniel Li, Sales Manager, China, Valmet.

The Board of Directors of Valmet Oyj has decided on share-based incentive plans for key employees and on the acquisition of own shares

Retrieved on: 
Wednesday, December 20, 2023

ESPOO, Finland, Dec. 20, 2023 /PRNewswire/ -- The Board of Directors of Valmet Oyj has decided on a continuation of its share-based long-term incentive plans (LTI Plans), a Performance Share Plan and a Deferred Share Plan, as well as a restricted shares pool (Restricted Pool) for Valmet's key employees. The aim of the plans is to align the interests of the shareholders and the key employees to increase the value of Valmet Oyj (the Company) in the long run, to steer the key employees towards achieving the Company's selected strategic targets, to commit the key employees to the Company, and to offer them a competitive reward plan based on holding the Company's shares.

Key Points: 
  • Valmet's Board of Directors decides on the predefined performance measures and targets in the beginning of each three-year performance period.
  • The potential reward for the full performance period 2024–2026 will be paid in Company shares in 2027.
  • The Deferred Share Plan directed to other key employees and management talents includes a one-year performance period, the year 2024.
  • The predefined performance measures and targets are decided by Valmet's Board of Directors and are aligned with the targets of the Performance Share Plan.

Valmet reaches two significant milestones in its Climate Program

Retrieved on: 
Wednesday, December 13, 2023

ESPOO, Finland, Dec. 13, 2023 /PRNewswire/ -- Valmet's Climate Program - Forward to a carbon neutral future - was launched in 2021. The program covers the entire value chain and includes four key targets for the supply chain, Valmet's own operations and the use of Valmet's technologies by its customers for 2030. Year 2023 marks two significant milestones for the program.

Key Points: 
  • Valmet Oyj's press release on December 13, 2023 at 10:30 a.m. EET
    ESPOO, Finland, Dec. 13, 2023 /PRNewswire/ -- Valmet's Climate Program - Forward to a carbon neutral future - was launched in 2021.
  • Year 2023 marks two significant milestones for the program.
  • For energy customers, Valmet has already long enabled carbon neutral heat and power production with biomass-based energy solutions.
  • A major new milestone will be achieved by end of 2023 as Valmet reaches 100% carbon neutral electricity purchases in Finland and Sweden.

Valmet has been included in the DJSI World and Europe indices for the tenth consecutive year

Retrieved on: 
Monday, December 11, 2023

ESPOO, Finland, Dec. 11, 2023 /PRNewswire/ -- Valmet has been included in the Dow Jones Sustainability Index (DJSI) for the tenth consecutive year. The company was listed both in the Dow Jones Sustainability World and Europe indices. 

Key Points: 
  • Valmet Oyj's press release on December 11, 2023 at 12:00 p.m. EET
    ESPOO, Finland, Dec. 11, 2023 /PRNewswire/ -- Valmet has been included in the Dow Jones Sustainability Index (DJSI) for the tenth consecutive year.
  • The company was listed both in the Dow Jones Sustainability World and Europe indices.
  • The Dow Jones Sustainability Index evaluates companies' ESG (Environmental, Social, Governance) performance and the capability to continuously improve.
  • Valmet scored high especially in innovation management as well as resource efficiency, circularity, emissions and water reporting.