What is "valmet"

The Valmet Corporation is a Finnish company and a developer and supplier of technologies, automation systems and services for the pulp, paper and energy industries. Valmet’s history as an industrial operator stretches back over 200 years. 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. Valmet's services include maintenance outsourcing, mill and power plant improvements and spare parts. The company provides technology for pulp, tissue, board and paper mills and bioenergy plants. In the area of automation, Valmet's solutions range from single measurements to mill wide turnkey automation projects. Valmet's operations are divided into five geographical areas: North America, South America, EMEA, China, and Asia-Pacific. Valmet has operations in approximately 30 countries and it employs 12,000 people. Its headquarters are located in Espoo, and it is listed on the Nasdaq Helsinki. In 2015, Valmet's net sales totaled EUR 2.9 billion.