In 2019, Valmet's net sales totaled €3.5 billion. == History == === Historical products === During its history, Valmet has made ships, trains, aeroplanes, tractors, clocks and weapons. See List of Valmet products. ===Roots in the 18th century=== The company originated in the 1750s when a small shipyard was established in the Sveaborg fortress (now called Suomenlinna) on the islands outside Helsinki, at the time a part of the Swedish province Nyland.
Tamfelt was established in 1797 and became one of the leading suppliers of technical textiles.
Beloit Corporation began in 1858 as a foundry in the city of Beloit, Wisconsin, US.
The Karlstad Mekaniska Werkstad (KMW) in Sweden began in 1865.
Sunds Bruk, the predecessor of Sunds Defibrator Industries Ab, was established in Sweden in 1868. === 1946–1998 Creation of Valmet=== In 1946, several metal workshops owned by the Finnish state were merged to form the Valtion Metallitehtaat (State Metalworks), abbreviated as ValMet.
Sunds Bruk, the predecessor of Sunds Defibrator Industries Ab, was established in Sweden in 1868. === 1946–1998 Creation of Valmet=== In 1946, several metal workshops owned by the Finnish state were merged to form the Valtion Metallitehtaat (State Metalworks), abbreviated as ValMet.
National politics strongly influenced the management and decision-making in the company. Valmet began manufacturing paper machines at the former Rautpohja artillery works in Jyväskylä, Finland in the early 1950s and delivered its first paper machine in 1953.
In the year of its establishment, the company had some 6,200 employees. At the beginning of 1951, the Valtion Metallitehtaat group was renamed Valmet Oy.
National politics strongly influenced the management and decision-making in the company. Valmet began manufacturing paper machines at the former Rautpohja artillery works in Jyväskylä, Finland in the early 1950s and delivered its first paper machine in 1953.
Valmet became a paper machine supplier of international importance in the mid-1960s, when it delivered several machines to the world's leading paper industry countries. In 1961, Valmet had 8,841 employees. Valmet had shipyards in Turku and Helsinki (first in the Katajanokka district, later in Vuosaari).
In 1986, Valmet sold its shipbuilding operations to Wärtsilä Oy, which merged them with its own shipyards to form Wärtsilä Marine.
Together with Valmet's own paper machine manufacturing units, the Järvenpää unit formed Valmet Paperikoneet Oy, which then purchased Tampella's board machine manufacturing operations in 1992. In 1986, Valmet's gun manufacturing unit in Jyväskylä was transferred under Sako-Valmet Oy, which was later renamed Sako Oy.
In 2002, Kone Corporation bought Partek, and in 2004 it sold Sisu to Suomen Autoteollisuus Oy, formed by a group of Finnish private investors and the company management. In 1988, Valmet had 17,405 employees. ===1999–2012 Valmet and Rauma merge as Metso=== In July 1999, Valmet Corporation and Rauma Corporation ("Rauma") merged to form a new company.
The company was declared bankrupt in 1989.
Together with Valmet's own paper machine manufacturing units, the Järvenpää unit formed Valmet Paperikoneet Oy, which then purchased Tampella's board machine manufacturing operations in 1992. In 1986, Valmet's gun manufacturing unit in Jyväskylä was transferred under Sako-Valmet Oy, which was later renamed Sako Oy.
The company is currently owned by the Italian gun manufacturer Beretta. Valmet sold its tractor, forest machine and transportation vehicle manufacturing operations to Sisu Auto in 1994.
In 1997, Sisu Auto was sold to Partek, and the tractors became known as Valtra Valmet, and later Valtra.
In 2002, Kone Corporation bought Partek, and in 2004 it sold Sisu to Suomen Autoteollisuus Oy, formed by a group of Finnish private investors and the company management. In 1988, Valmet had 17,405 employees. ===1999–2012 Valmet and Rauma merge as Metso=== In July 1999, Valmet Corporation and Rauma Corporation ("Rauma") merged to form a new company.
Initially called Valmet-Rauma Corporation, the name was changed to Metso Corporation in August 1999.
Shares in Metso were listed on the Helsinki Stock Exchange, which replaced the listings of its predecessor companies. In 2000, Metso acquired Beloit Corporation's tissue and paper-making technology as well as its service operations in the United States and France.
In 2002, Kone Corporation bought Partek, and in 2004 it sold Sisu to Suomen Autoteollisuus Oy, formed by a group of Finnish private investors and the company management. In 1988, Valmet had 17,405 employees. ===1999–2012 Valmet and Rauma merge as Metso=== In July 1999, Valmet Corporation and Rauma Corporation ("Rauma") merged to form a new company.
In 2002, Kone Corporation bought Partek, and in 2004 it sold Sisu to Suomen Autoteollisuus Oy, formed by a group of Finnish private investors and the company management. In 1988, Valmet had 17,405 employees. ===1999–2012 Valmet and Rauma merge as Metso=== In July 1999, Valmet Corporation and Rauma Corporation ("Rauma") merged to form a new company.
In December 2006, Metso completed the acquisition of the Pulping and Power businesses from Norwegian company Aker Kvaerner ASA.
Viinanen had served as a member of Metso's board from 2008 to 2013, and as the chairman since 2009. In March 2015, Bo Risberg from Sweden replaced Jukka Viinanen as the chairman of Valmet's board of directors.
At the end of 2009, Metso acquired Tamfelt Corporation, one of the world’s leading suppliers of technical textiles. ===2013– Valmet reborn=== On October 1, 2013, following a meeting, Metso was split into two companies: Valmet and Metso.
Viinanen had served as a member of Metso's board from 2008 to 2013, and as the chairman since 2009. In March 2015, Bo Risberg from Sweden replaced Jukka Viinanen as the chairman of Valmet's board of directors.
These operations are now part of Valmet's Service business line. Several of the companies forming part of the new Valmet Corporation that was born in the 2010s date back to the 19th century.
Formerly owned by the State of Finland, Valmet was reborn in December 2013 with the demerger of the pulp, paper and power businesses from Metso Corporation. Valmet is organized around four business lines: Services, Pulp and Energy, Paper, and Automation.
At the end of 2009, Metso acquired Tamfelt Corporation, one of the world’s leading suppliers of technical textiles. ===2013– Valmet reborn=== On October 1, 2013, following a meeting, Metso was split into two companies: Valmet and Metso.
After the demerger on December 31, 2013, the pulp, paper and power businesses of Metso formed the new Valmet Corporation, while the mining and construction and automation businesses remained with Metso. Jukka Viinanen was chosen as the chairman of Valmet's board of directors.
Viinanen had served as a member of Metso's board from 2008 to 2013, and as the chairman since 2009. In March 2015, Bo Risberg from Sweden replaced Jukka Viinanen as the chairman of Valmet's board of directors.
At the time of the transaction, the PAS unit employed 1,600 people, and its net sales totaled EUR 300 million in 2013.
Viinanen had served as a member of Metso's board from 2008 to 2013, and as the chairman since 2009. In March 2015, Bo Risberg from Sweden replaced Jukka Viinanen as the chairman of Valmet's board of directors.
Pekka Lundmark later resigned from the board after being nominated CEO of Fortum Corporation. In April 2015, Valmet introduced a new business – automation systems.
In July 2015, Valmet announced the acquisition of Massimiliano Corsini's tissue paper rewinding business.
In 2015, Valmet's net sales totaled EUR 2.9 billion. In the beginning of 2019, Valmet acquired North American-based GL&V for EUR 113 million.
In 2019, Valmet's net sales totaled €3.5 billion. == History == === Historical products === During its history, Valmet has made ships, trains, aeroplanes, tractors, clocks and weapons. See List of Valmet products. ===Roots in the 18th century=== The company originated in the 1750s when a small shipyard was established in the Sveaborg fortress (now called Suomenlinna) on the islands outside Helsinki, at the time a part of the Swedish province Nyland.
In 2015, Valmet's net sales totaled EUR 2.9 billion. In the beginning of 2019, Valmet acquired North American-based GL&V for EUR 113 million.
On May 2019, Valmet acquired American J&L Fiber Services Inc., which employed about 100 people in Wisconsin, USA, with net sales of approximately EUR 30 million.
On September 2019, Valmet announced building a new pilot facility at its Fiber Technology Center in Sundsvall, Sweden to strengthen the company’s research and development capabilities related to bioenergy, biofuels, and biochemicals.
In 2019, Valmet introduced a new web-based user interface for the system. === Pulp and Energy === Valmet's Pulp and Energy business line provides technologies and solutions for pulp and energy production as well as biomass conversion.
The competitors in the board market as well as in the paper market are Voith, Bellmer and PMT. ==Recognitions== In 2019, Valmet was included in the Dow Jones Sustainability Indices (DJSI) for the sixth consecutive year.
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