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INDUSTRIAL | Basic Materials
valmet.com

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Investments

2

Partners & Customers

10

About Valmet

Valmet is a developer and supplier of technologies, automation and services for the pulp, paper and energy industries.

Valmet Headquarter Location

Keilasatama 5

Espoo, 02150,

Finland

+358-10-672-0000

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Latest Valmet News

Nucor identifies three states for new mill

Sep 21, 2021

Nucor identifies three states for new mill EAF steelmaker lists Ohio, Pennsylvania and West Virginia as potential sites for new 3-million-tons-per-year mill. Charlotte, North Carolina-based Nucor Corp. says it will build a 3 million-tons-pear year electric arc furnace (EAF) steel mill in one of three states: Ohio, Pennsylvania or West Virginia. The announcement comes just three days after Pittsburgh-based United States Steel Corp. announced its intention to install EAF capacity  on a similar scale in the Southeast. Nucor says its board of directors has approved the construction of what it calls a state-of-the-art sheet mill with 3 million tons per year of capacity. “Nucor is evaluating locations in Ohio, Pennsylvania, and West Virginia,” states the EAF steelmaker. “The new mill will be geographically situated to serve customers in the Midwest and Northeast markets and will have a significantly lower carbon footprint than nearby competitors,” adds Nucor. “This greenfield sheet mill complements Nucor’s existing operations, allowing us to more effectively service customers in the region, and grow our core business, while creating substantial value for our shareholders,” says Leon Topalian, Nucor’s president and CEO. “This mill will allow us to competitively meet the growing need that many of our customers, particularly in the automotive market, have for high quality steel with a lower carbon footprint,” he adds. The new sheet mill is expected to cost approximately $2.7 billion and will be able to produce hot-rolled sheet products with downstream processing including a tandem cold mill, annealing capabilities and two galvanizing lines. Nucor predominantly uses scrap metal to feed its furnaces, although the firm also produces direct reduced iron (DRI) at a plant in Louisiana. Once a site is selected and after permitting and other regulatory approvals are received, construction is expected to take two years, says Nucor. “The green and digital economy is being built with steel, and Nucor, as one of the cleanest steelmakers in the world, is poised to be able to meet these unique opportunities,” states Topalian. Mexico City’s Azcapotzalco Transfer Station and Sorting Plant has officially opened its doors July 25 in an event that was attended by political leaders from around the region. With this facility, Mexico City’s government is moving toward correctly treating urban waste based on a circular economy concept. Altshausen, Germany-based Stadler supplied the technology for the Azcapotzalco Transfer Station and Sorting Plant. “We would like to thank Mexico City for allowing us to give our contribution and take part in the great challenge of reducing waste in Mexico City, one of the most populated megacities in the world, where more than 12,000 tons of waste are generated every day,” says Natalya Duarte, sales director for Mexico at Stadler. According to a news release from Stadler, this plant is Mexico’s first government-owned automated plant for separation and treatment of municipal solid waste (MSW). The 11,000-square-meter facility sorts mixed paper, old corrugated containers (OCC), multilayer packaging, polyethylene terephthalate (PET), high-density polyethylene (HDPE), plastic bags, films, aluminum cans, metallized bags, textiles, glass and other metal scrap. The plant was commissioned in May and operates in conjunction with a transfer station to process about 1,000 tons per day of scrap from the municipalities of Cuauhtémoc, Gustavo A. Madero, Miguel Hidalgo and Azcapotzalco, and will be able to receive up to 1,400 metric tons of scrap per day. The facility provides 404 jobs for the community. Pro Ambiente, a subsidiary of Cemex , manages the facility. Pro Ambiente has more than 25 years of experience in waste management and in operating plants for the selection and recovery of waste-derived fuels. “We are proud to participate in this new project, which is in line with our sustainability and emission reduction objectives,” says José Guillermo Díaz, Cemex’s manager of technology and alternative fuels. “We are prepared to operate this plant under a model that guarantees, first and foremost, the safety of all our employees, operational continuity through maintenance and production programs with international standards and sorting quality to ensure a greater use of the waste generated in Mexico City.” Stadler The use of mechanical treatment between transfer and final disposal was a fundamental and natural first step in the zero-waste management program of Mexico City’s current administration, Stadler reports. The objective was to capture and sort all recyclable packaging within the transfer station itself. According to Stadler, the company has been involved in four major recycling projects in Mexico, including this one in Azcapotzalco. Duarte adds that the Azcapotzalco plant is special for several reasons. She says the innovative sorting technology enables the plant to move from a manual sorting process to an automatic sorting process to ensure higher recovery efficiency and material purity. She says the process also is professionalized and industrialized. “Stadler’s innovative sorting technology makes sense both in terms of the efficiency achieved in the recovery process and the high degree of purity of the materials obtained,” Duarte says. “It professionalizes and industrializes this waste management process, providing working conditions for manual sorters that are comparable to those of any first-world plant. She continues, “It is worth noting that automation does not displace human resources. It is possible to achieve a perfect balance between the two, which is key for the Mexican market. We clearly showed that it is so in this project in Mexico City, where the balance between technology and human resources improves the numbers from a public administration point of view and optimizes the operational cost of this type of recycling plant.” In an online interview sponsored by the Ukrainian Association of Secondary Metals, Andriy Kiselyov, owner of Ukraine-based UkrMet Holding, says a ferrous scrap export ban being discussed in that nation would temporarily favor three steelmakers while causing long-term damage to the scrap processing and trading sectors. “The initiative to ban scrap metal exports from Ukraine goes against the World Trade Organization regulations, conditions of the Association Agreement with the European Union and even international practice,” an introduction to the interview states in its opening paragraph. The introduction also claims scrap exports in the first half of 2021 have not exceeded 10 percent of scrap metal collected. At the same time, the “free sale” of scrap, including in foreign markets, “will not only strengthen Ukraine’s export positions, but will also help restore the image of the country “ as one with a market economy and “real investment opportunities” says the article. In the question-and-answer section of the sponsored piece, Kieselyov comments. “There is no shortage [of scrap]; there is surplus. Steel plants are closing their gates to new shipments of scrap metal. There is a surplus of raw materials in the market. You can find out about it in the open sources: consumption of scrap metal by the steelmakers in the past six months was 100 percent covered, around 300,000 metric tons was exported and nobody suffered from that.” Continues Kieselyov, “Ukrainian steelmakers do not wish for an alternative to exist. They want to be the sole consumers of scrap metal with all the benefits it involves.” The trader says that while steelmakers have more lobbying force in Ukraine’s capital Kiev, the Ukrainian Association of Secondary Metals is letting large corporate scrap generators in the railway, energy and aerospace sectors know they will lose out on income if an export ban is enacted. Prior and pending actions that have made scrap exports difficult have already caused damage to the scrap industry in Ukraine, says Kieselyov. “There is an anti-monopoly authority and it either sees [the downside] or not. Over the recent period, the industry has lost around 1.5 million metric tons of collected scrap metal; we lost over 600 companies that simply left the business in the past five years. We lost 12,000 jobs in our industry.” The deadline to accept entries for The Middle East Waste & Recycling Awards (MEWAR Awards) has been extended to Tuesday, Sept. 28, according to Waste & Recycling Middle East & Africa magazine, the organizers of the annual contest. The awards will be presented at the Waldorf Astoria Dubai on Nov. 11. The organizers say the deadline has been extended in part because of a “high volume of last-minute nominations.” Continues the publication, “As the most prestigious event in the environmental sector in the region, MEWAR Awards provide a unique opportunity to gain industry recognition” for recycling-related achievements. The MEWAR awards were launched in 2018, and more information about eligibility criteria can be found on this web page . Valmet, a Finland-based supplier of paper mill equipment, says it will supply a new scrap paper-fed containerboard making line to Batı Kipas Kagıt Sanayi İsletmeleri in Söke, Turkey. The new board-making line (to be known as paper machine 3, or PM 3) will produce recycled-content fluting and liner grades. The start-up of PM 3 is scheduled for the third quarter of 2023. “The new board machine PM 3 will be a showcase of Valmet's high-level technical innovations,” says Sinem Öksüz Dedebayraktar, a board member of Kipas Holding. “Batı Kipas Kagıt wants to be a forerunner in technology. We selected Valmet due to its innovative solutions and the good performance of Valmet’s earlier delivery of our PM 1 in Kahramanmaras [Turkey].” “Our cooperation with Kipas Kagıt has been excellent,” says Haluk Arıcan, senior sales manager for Turkey at Valmet. “In August, we also announced a multifuel boiler delivery to the same customer. The high-level technical solutions we have offered have really been differentiation factors to Kipas.” Although the value of the equipment order has not be disclosed, Valmet says, “An order of this type and delivery scope is typically around €90 million to €110 million ($105 million to $129 million).” Valmet's delivery for PM 3 will include a containerboard making line, including an approach system, a reel and a winder. An OptiFlo Layering Gap headbox with aqua layering technology will be used to produce a two-layer sheet using only one headbox and one OptiFormer Gap forming unit, says Valmet . The 9.1-meter-wide (nearly 30 feet) board machine will produce recycled-content fluting, testliner and kraft top testliner grades at an annual capacity of approximately 650,000 metric tons, adds the equipment producer. For Kipas Kagıt PM3 joints its two current paper machines: PM 1 in Kahramanmaraş with an annual production capacity of 450,000 tons and PM 2 in Söke with a production capacity of 720,000 tons of coated grades.

Valmet Investments

2 Investments

Valmet has made 2 investments. Their latest investment was in Metso - Valves as part of their Corporate Minority on June 6, 2020.

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Valmet Investments Activity

investments chart

Date

Round

Company

Amount

New?

Co-Investors

Sources

6/30/2020

Corporate Minority

Metso - Valves

Yes

1

6/19/2020

Corporate Minority - P2P

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$99M

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10

Date

6/30/2020

6/19/2020

Round

Corporate Minority

Corporate Minority - P2P

Company

Metso - Valves

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Amount

$99M

New?

Yes

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Co-Investors

Sources

1

10

Valmet Acquisitions

7 Acquisitions

Valmet acquired 7 companies. Their latest acquisition was Neles on July 02, 2021.

Date

Investment Stage

Companies

Valuation
Valuations are submitted by companies, mined from state filings or news, provided by VentureSource, or based on a comparables valuation model.

Total Funding

Note

Sources

7/2/2021

Corporate Minority - P2P

Acq - Pending

2

6/10/2021

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$99M

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10

6/10/2021

Acquired

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$99M

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10

9/11/2020

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$991

$99M

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10

5/2/2019

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$991

$99M

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10

Date

7/2/2021

6/10/2021

6/10/2021

9/11/2020

5/2/2019

Investment Stage

Corporate Minority - P2P

Acquired

Companies

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Valuation

$991

$991

Total Funding

$99M

$99M

$99M

$99M

Note

Acq - Pending

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Sources

2

10

10

10

10

Valmet Partners & Customers

10 Partners and customers

Valmet has 10 strategic partners and customers. Valmet recently partnered with Eczacıbaşı on July 7, 2021.

Date

Type

Business Partner

Country

News Snippet

Sources

7/19/2021

Client

Eczacıbaşı

Turkey

Valmet to supply tissue production line to Eczacibasi Consumer Products in Turkey

Eczacibasi Consumer Products has chosen Valmet as the supplier for their new tissue line , which will be installed at the company 's Manisa plant in Turkey .

1

6/25/2021

Partner

Red Leaf Resources

United States

Valmet And Red Leaf Pulp Sign Exclusive Teaming Agreement For New Pulp Technology

Red Leaf and Valmet , Ltd. announce exclusive teaming agreement to commercialize innovative ag-based pulp technology .

3

1/15/2021

Client

Metsa Tissue

Finland

Valmet to supply an extensive tissue machine rebuild to Metsä Tissue’s Mänttä mill in Finland

The good results and collaboration in those projects convinced Metsä to choose Valmet also for the extensive upgrade of the Mänttä 10 machine .

1

12/9/2020

Vendor

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10

10/21/2020

Client

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10

Date

7/19/2021

6/25/2021

1/15/2021

12/9/2020

10/21/2020

Type

Client

Partner

Client

Vendor

Client

Business Partner

Eczacıbaşı

Red Leaf Resources

Metsa Tissue

Country

Turkey

United States

Finland

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News Snippet

Valmet to supply tissue production line to Eczacibasi Consumer Products in Turkey

Eczacibasi Consumer Products has chosen Valmet as the supplier for their new tissue line , which will be installed at the company 's Manisa plant in Turkey .

Valmet And Red Leaf Pulp Sign Exclusive Teaming Agreement For New Pulp Technology

Red Leaf and Valmet , Ltd. announce exclusive teaming agreement to commercialize innovative ag-based pulp technology .

Valmet to supply an extensive tissue machine rebuild to Metsä Tissue’s Mänttä mill in Finland

The good results and collaboration in those projects convinced Metsä to choose Valmet also for the extensive upgrade of the Mänttä 10 machine .

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Sources

1

3

1

10

10

Valmet Team

11 Team Members

Valmet has 11 team members, including current Chief Financial Officer, Kari Saarinen.

Name

Work History

Title

Status

Kari Saarinen

Chief Financial Officer

Current

Janne Puustinen

Metso

Chief Information Officer

Current

Kari Lindberg

Metso

Senior Vice President

Current

Mikko Jauhiainen

Owner

Current

Pekka Kivioja

Metso

Owner

Current

Name

Kari Saarinen

Janne Puustinen

Kari Lindberg

Mikko Jauhiainen

Pekka Kivioja

Work History

Metso

Metso

Metso

Title

Chief Financial Officer

Chief Information Officer

Senior Vice President

Owner

Owner

Status

Current

Current

Current

Current

Current

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