Latest news with #Valmet
Yahoo
a day ago
- Business
- Yahoo
Valmet unveils new financial reporting structure and operating model
Finnish company Valmet has revised its financial reporting structure to better reflect its new strategy and operating model. The new operating model and reporting structure will be effective from 1 July 2025. The revised structure will see Valmet reporting under two main segments, Biomaterial Solutions and Services and Process Performance Solutions. The biomaterial segment will offer technology solutions and services for the life cycle of customers in the pulp, paper, and energy industries. It is divided into three business areas: Pulp, Energy and Circularity; Packaging and Paper; and Tissue. These business areas will focus on integrating technology deliveries with life cycle services to enhance customer proximity and value creation. Process Performance Solutions, meanwhile, will provide flow control technologies and automation solutions, serving a wide range of customer industries globally. This segment includes the Flow Control business area and the Automation Solutions business area. For each business area, Valmet will disclose orders received, net sales, and personnel numbers. The company will also continue to provide financial data for five geographical areas: North America, Central America, EMEA, China, and Asia-Pacific. The new reporting structure aligns with Valmet management's approach to monitoring operational performance. Financial information will be restated to reflect the new structure in the January-September 2025 Interim Review, with unaudited data for 2024 and the first quarter of 2025 provided for comparison. In the first quarter of 2025, both segments received total orders worth €1.3bn ($1.5bn) and recorded net sales of €1.18bn. Valmet has also outlined its 2030 financial targets, aiming for a 5% organic net sales growth over the cycle, a comparable earnings before interest, taxes, and amortisation margin (EBITDA) of 15%, a comparable return on capital employed before taxes of 20%, and maintaining gearing below 50%. The company has set strategic missions for each segment. The Biomaterial Solutions and Services segment aims to advance circularity, with a focus on life cycle services, innovation towards circularity, and product cost competitiveness. It targets doubling organic growth in biomaterial services to 8% and reaching a 14% comparable EBITA margin by 2030. The Process Performance Solutions segment's mission is to unlock resource efficiency, with priorities such as leading life cycle value, customer-focused innovation, and growth in high-quality technologies. By 2030, this segment aims to accelerate organic growth to over double the market rate and achieve a 20% comparable EBITA margin. Valmet reiterates its 2025 guidance, estimating that net sales and comparable EBITA will remain at the previous year's levels of €5.35bn and €609m, respectively. Earlier this week, Valmet secured a furnace upgrade and a long-term service agreement from Eren Holding for Shotton Mill in the UK. "Valmet unveils new financial reporting structure and operating model" was originally created and published by Packaging Gateway, a GlobalData owned brand. The information on this site has been included in good faith for general informational purposes only. It is not intended to amount to advice on which you should rely, and we give no representation, warranty or guarantee, whether express or implied as to its accuracy or completeness. You must obtain professional or specialist advice before taking, or refraining from, any action on the basis of the content on our site.
Yahoo
2 days ago
- Business
- Yahoo
Valmet announces a new strategy, 'Lead the Way', and publishes new 2030 financial targets
Valmet Oyj's stock exchange release on June 4, 2025 at 8:30 p.m. EEST ESPOO, Finland., June 4, 2025 /PRNewswire/ -- Valmet is holding its Capital Markets Day 2025 tomorrow June 5, 2025, presenting its new strategy and 2030 financial targets designed to deliver a step-up improvement in financial performance, growth, and ability to transform industries towards a regenerative tomorrow. "Since stepping into the role of President and CEO ten months ago, I've had the opportunity to engage deeply with our customers, employees and investors around the world. These conversations reaffirmed that Valmet's 225-year legacy, strong customer relationships, and highly committed people form a powerful foundation for the company's next chapter. At the same time, it became clear that realizing our full potential requires a shift in mindset and culture – one that elevates performance, sharpens accountability, and unlocks new levels of value creation. With our strategic renewal now complete, we are bringing sharper focus and higher ambition to everything we do. Our new strategy 'Lead the Way' is built on four fundamentals and a smaller number of more ambitious initiatives than before. The new operating model simplifies our structure, strengthens cost competitiveness, and reinforces accountability. For our people, this new strategy means improved role clarity, full empowerment, and accountability. For our stakeholders, it translates to greater customer value, improved financial performance, and stronger shareholder returns," says Valmet's President and CEO Thomas Hinnerskov. New strategy 'Lead the Way' The new strategy is designed to create an accountable high-performance culture and accelerate the growth trajectory towards bolder targets with increased cost competitiveness. During the strategy renewal Valmet has defined its purpose as 'Transforming industries towards a regenerative tomorrow'. Valmet's new Strategy 'Lead the Way' is based on four strategic fundamentals: Customer success Lifecycle commitment Global competitiveness Accountability These strategic fundamentals are being reinforced by Valmet's operating model renewal, announced on March 31, 2025, and becoming effective on July 1, 2025. The new operating model allows the company to operate with strong business areas close to customers, providing integrated expertise in services and technology. A newly formed Global Supply unit for manufacturing and procurement will centrally drive operational excellence and ensure cost competitiveness. 2030 Financial Targets Valmet's new 2030 financial targets reflect a step change in ambition. Valmet's financial targets are the following (previous targets in brackets): Organic net sales growth (CAGR) over the cycle of 5% (previously: over two times the market growth or exceed market growth) Comparable EBITA margin of 15% (previously: 12–14%) Comparable return on capital employed before taxes (Comparable ROCE) of 20% (previously: at least 15%) Gearing below 50% (new target) Valmet is establishing clear capital allocation priorities to support the strategy and long-term value creation. Segment-specific strategic missions, priorities and targets Valmet is setting two distinct strategic missions and sets of strategic priorities for two segments within the company. Biomaterial Solutions and Services segment consists of three business areas: Pulp, Energy and Circularity; Packaging and Paper; and Tissue. Strategic mission for the segment is Advancing circularity. Segment has three strategic priorities: Seamless lifecycle approach to grow in services and technology Continuous innovation with customers, leading the way towards circularity Relentless drive for product cost competitiveness The new Global Supply organization targets EUR 100 million of cost efficiencies by optimizing procurement, logistics, and manufacturing activities across the full Biomaterial Solutions and Services 2030, the segment seeks to double the organic growth in biomaterial services to 8% and reach 14% Comparable EBITA margin (LTM Q1 2025: 10.5%). Process Performance Solutions segment consists of two business areas: Automation Solutions and Flow Control. Strategic mission for the segment is Unlocking resource efficiency. Segment has three strategic priorities: Leading lifecycle value, reliability and customer experience Customer-focused innovation and strategic portfolio expansion Growth in high-quality technologies and digital capabilities in mission-critical solutions By 2030, the segment seeks to accelerate organic growth to over double the market rate and reach 20% Comparable EBITA margin (LTM Q1 2025: 17.6%). Guidance for 2025 unchanged Valmet reiterates its guidance issued on February 13, 2025, in which Valmet estimates that net sales in 2025 will remain at the previous year's level in comparison with 2024 (EUR 5,359 million) and Comparable EBITA in 2025 will remain at the previous year's level in comparison with 2024 (EUR 609 million). Capital Markets Day on June 5, 2025 To present the new strategy in more detail and answer questions, Valmet will host its 2025 Capital Markets Day tomorrow. The event can be followed via a live webcast at The webcast will run from 12:00 to 3:00 p.m. EEST. A recording of the event will be available at the same address shortly after the event. Presentation materials will be available on Valmet's CMD 2025 website by the beginning of the event. The language of the event and materials is English. Further information about Valmet's Capital Markets Day, please contact:Investors and analysts: Pekka Rouhiainen, VP, Investor Relations, Valmet, tel. +358 10 672 0020Media: Antti Ylitalo, Director, External Communications, Valmet, tel. +358 10 672 0000 VALMET Katri HokkanenCFOPekka RouhiainenVP, Investor Relations DISTRIBUTION:Nasdaq HelsinkiMajor Valmet has a global customer base across various process industries. We are a leading global developer and supplier of process technologies, automation and services for the pulp, paper and energy industries, and with our automation and flow control solutions we serve an even wider base of process industries. Our more than 19,000 professionals around the world work close to our customers and are committed to moving our customers' performance forward – every day. The company has more than 225 years of industrial history and a strong track record in continuous improvement and renewal. Valmet's net sales in 2024 were approximately EUR 5.4 billion. Valmet's shares are listed on the Nasdaq Helsinki and the head office is in Espoo, Finland. Follow us on | X | X (IR) | LinkedIn | Facebook | YouTube | Instagram | Processing of personal data This information was brought to you by Cision View original content:
Yahoo
2 days ago
- Business
- Yahoo
Valmet changes its financial reporting structure aligned with new strategy and provides comparative segment information for 2024 and January-March 2025
Valmet Oyj's stock exchange release on June 4, 2025 at 8:30 p.m. EEST ESPOO, Finland, June 4, 2025 /PRNewswire/ -- Valmet changes its financial reporting structure to reflect its new strategy, which was published today, and the new operating model announced on March 31, 2025. The new operating model and reporting structure will take effect on July 1, 2025. In the new financial reporting structure, Valmet consists of two reportable segments: Biomaterial Solutions and Services, and Process Performance Solutions. Biomaterial Solutions and Services segment provides technology solutions and services throughout the lifecycle for its customers who operate mainly in pulp, paper and energy industries. Process Performance Solutions segment delivers flow control technologies as well as automation solutions ranging from single measurements to mill- or plant-wide process automation systems, along with the associated services. It has a diversified portfolio of customer industries globally. The two segments are comprised of business areas as follows: Biomaterial Solutions and Services segment consists of three business areas:- Pulp, Energy and Circularity- Packaging and Paper- Tissue Process Performance Solutions segment consists of two business areas:- Flow Control- Automation Solutions The business areas Pulp, Energy and Circularity; Packaging and Paper; and Tissue combine Valmet's technology and service businesses for their respective customer industries. Each business area integrates technology deliveries and lifecycle services to strengthen customer proximity, lifecycle focus, and value creation with industry-specific offerings. The Flow Control business area corresponds to the former Flow Control business line. The Automation Solutions business area was previously called Automation Systems business line. For both reportable segments, Valmet will report orders received, net sales and profitability (EBITA and comparable EBITA), as well as amortization and items affecting comparability. Valmet will also report services orders received and net sales for the Biomaterial Solutions and Services segment to maintain visibility to this strategically important part of the business. For each business area, Valmet will report orders received, net sales and personnel. Valmet will continue to report orders received, net sales and personnel for the five geographical areas: North America, Latin America (previously South America), EMEA, China and Asia-Pacific. The new reporting structure is aligned with the way Valmet management follows the operational performance of Valmet's businesses. Valmet will change its financial reporting structure to correspond to the new operating model in its January–September 2025 Interim Review. To provide a basis for comparison, the following tables show financial information with the new reporting structure on an unaudited basis for all four quarters and full year 2024, as well as first quarter of 2025. As additional information Valmet plans to publish the corresponding financial information for the first six months of 2025 and for the second quarter 2025 in its Half Year Financial Review 2025. Quarterly information Orders received, EUR million Q1/2024 Q2/2024 Q3/2024 Q4/2024 2024 Q1/2025 Biomaterial Solutions and Services 722 930 719 2 020 4 392 926 Pulp, Energy and Circularity 259 367 321 1 336 2 283 465 Packaging and Paper 298 402 317 412 1 428 340 Tissue 166 162 81 272 681 121 Of which service 527 497 412 479 1 915 568 Process Performance Solutions 328 352 322 443 1 446 406 Flow Control 194 195 188 185 763 215 Automation Solutions 134 157 133 258 683 191 Total 1 050 1 283 1 041 2 463 5 837 1 332 Net sales, EUR million Q1/2024 Q2/2024 Q3/2024 Q4/2024 2024 Q1/2025 Biomaterial Solutions and Services 903 973 941 1 104 3 922 846 Pulp, Energy and Circularity 367 386 380 442 1 574 339 Packaging and Paper 412 443 417 474 1 746 387 Tissue 124 144 145 189 602 119 Of which service 406 473 453 567 1 900 433 Process Performance Solutions 309 351 354 424 1 437 339 Flow Control 188 201 196 206 791 192 Automation Solutions 121 150 158 217 646 147 Total 1 212 1 324 1 295 1 528 5 359 1 184 Comparable EBITA, EUR million Q1/2024 Q2/2024 Q3/2024 Q4/2024 2024 Q1/2025 Biomaterial Solutions and Services 80 95 101 128 403 82 Process Performance Solutions 51 58 65 81 255 55 Other -11 -12 -10 -17 -49 -16 Total 121 141 156 192 609 121 Comparable EBITA, % of net sales Q1/2024 Q2/2024 Q3/2024 Q4/2024 2024 Q1/2025 Biomaterial Solutions and Services 8.9 % 9.8 % 10.7 % 11.6 % 10.3 % 9.7 % Process Performance Solutions 16.5 % 16.5 % 18.3 % 19.1 % 17.7 % 16.2 % Total 10.0 % 10.6 % 12.0 % 12.6 % 11.4 % 10.2 % EBITA, EUR million Q1/2024 Q2/2024 Q3/2024 Q4/2024 2024 Q1/2025 Biomaterial Solutions and Services 77 87 84 116 364 80 Process Performance Solutions 50 58 64 76 248 54 Other -14 -13 -10 -19 -56 -21 Total 114 132 138 173 557 113 EBITA, % of net sales Q1/2024 Q2/2024 Q3/2024 Q4/2024 2024 Q1/2025 Biomaterial Solutions and Services 8.6 % 9.0 % 8.9 % 10.5 % 9.3 % 9.5 % Process Performance Solutions 16.2 % 16.4 % 18.2 % 17.9 % 17.2 % 16.0 % Total 9.4 % 9.9 % 10.7 % 11.3 % 10.4 % 9.6 % Items affecting comparability, EUR million Q1/2024 Q2/2024 Q3/2024 Q4/2024 2024 Q1/2025 Biomaterial Solutions and Services -3 -8 -17 -12 -39 -2 Process Performance Solutions -1 0 0 -5 -7 -1 Other -3 -1 0 -3 -7 -5 Total -7 -9 -17 -19 -53 -8 Amortization, EUR million Q1/2024 Q2/2024 Q3/2024 Q4/2024 2024 Q1/2025 Biomaterial Solutions and Services -11 -11 -11 -5 -36 -6 Process Performance Solutions -12 -14 -14 -14 -54 -14 Other -4 -4 -4 -5 -18 -5 Total -27 -29 -29 -23 -108 -24 Year-to-date information Orders received, EUR million Q1/2024 Q1-Q2/2024 Q1-Q3/2024 2024 Q1/2025 Biomaterial Solutions and Services 722 1 653 2 372 4 392 926 Pulp, Energy and Circularity 259 625 946 2 283 465 Packaging and Paper 298 700 1 016 1 428 340 Tissue 166 328 409 681 121 Of which service 527 1 024 1 436 1 915 568 Process Performance Solutions 328 681 1 002 1 446 406 Flow Control 194 389 578 763 215 Automation Solutions 134 291 425 683 191 Total 1 050 2 333 3 374 5 837 1 332 Net sales, EUR million Q1/2024 Q1-Q2/2024 Q1-Q3/2024 2024 Q1/2025 Biomaterial Solutions and Services 903 1 877 2 818 3 922 846 Pulp, Energy and Circularity 367 753 1 132 1 574 339 Packaging and Paper 412 856 1 272 1 746 387 Tissue 124 269 413 602 119 Of which service 406 880 1 333 1 900 433 Process Performance Solutions 309 659 1 013 1 437 339 Flow Control 188 389 585 791 192 Automation Solutions 121 271 429 646 147 Total 1 212 2 536 3 831 5 359 1 184 Comparable EBITA, EUR million Q1/2024 Q1-Q2/2024 Q1-Q3/2024 2024 Q1/2025 Biomaterial Solutions and Services 80 175 276 403 82 Process Performance Solutions 51 109 174 255 55 Other -11 -23 -32 -49 -16 Total 121 262 417 609 121 Comparable EBITA, % of net sales Q1/2024 Q1-Q2/2024 Q1-Q3/2024 2024 Q1/2025 Biomaterial Solutions and Services 8.9 % 9.3 % 9.8 % 10.3 % 9.7 % Process Performance Solutions 16.5 % 16.5 % 17.1 % 17.7 % 16.2 % Total 10.0 % 10.3 % 10.9 % 11.4 % 10.2 % EBITA, EUR million Q1/2024 Q1-Q2/2024 Q1-Q3/2024 2024 Q1/2025 Biomaterial Solutions and Services 77 165 248 364 80 Process Performance Solutions 50 107 172 248 54 Other -14 -27 -36 -56 -21 Total 114 245 384 557 113 EBITA, % of net sales Q1/2024 Q1-Q2/2024 Q1-Q3/2024 2024 Q1/2025 Biomaterial Solutions and Services 8.6 % 8.8 % 8.8 % 9.3 % 9.5 % Process Performance Solutions 16.2 % 16.3 % 17.0 % 17.2 % 16.0 % Total 9.4 % 9.7 % 10.0 % 10.4 % 9.6 % Items affecting comparability, EUR million Q1/2024 Q1-Q2/2024 Q1-Q3/2024 2024 Q1/2025 Biomaterial Solutions and Services -3 -11 -28 -39 -2 Process Performance Solutions -1 -1 -2 -7 -1 Other -3 -4 -4 -7 -5 Total -7 -16 -33 -53 -8 Amortization, EUR million Q1/2024 Q1-Q2/2024 Q1-Q3/2024 2024 Q1/2025 Biomaterial Solutions and Services -11 -21 -32 -36 -6 Process Performance Solutions -12 -26 -40 -54 -14 Other -4 -9 -13 -18 -5 Total -27 -56 -85 -108 -24 Further information, please contact: Pekka Rouhiainen, VP, Investor Relations, Valmet, tel. +358 10 672 0020 VALMETKatri HokkanenCFOPekka RouhiainenVP, Investor Relations DISTRIBUTION: Nasdaq HelsinkiMajor Valmet has a global customer base across various process industries. We are a leading global developer and supplier of process technologies, automation, and services for the pulp, paper, and energy industries. With our automation and flow control solutions, we serve an even wider base of process industries. Our more than 19,000 professionals around the world work close to our customers and are committed to moving our customers' performance forward – every day. The company has more than 225 years of industrial history and a strong track record in continuous improvement, sustainability, and renewal. Valmet's net sales in 2024 were approximately EUR 5.4 billion. Valmet's shares are listed on the Nasdaq Helsinki, and the head office is in Espoo, Finland. Follow us on | X | X (IR) | LinkedIn | Facebook | YouTube | Instagram | Processing of personal data This information was brought to you by Cision View original content: Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Yahoo
2 days ago
- Business
- Yahoo
Valmet announces a new strategy, 'Lead the Way', and publishes new 2030 financial targets
Valmet Oyj's stock exchange release on June 4, 2025 at 8:30 p.m. EEST ESPOO, Finland., June 4, 2025 /PRNewswire/ -- Valmet is holding its Capital Markets Day 2025 tomorrow June 5, 2025, presenting its new strategy and 2030 financial targets designed to deliver a step-up improvement in financial performance, growth, and ability to transform industries towards a regenerative tomorrow. "Since stepping into the role of President and CEO ten months ago, I've had the opportunity to engage deeply with our customers, employees and investors around the world. These conversations reaffirmed that Valmet's 225-year legacy, strong customer relationships, and highly committed people form a powerful foundation for the company's next chapter. At the same time, it became clear that realizing our full potential requires a shift in mindset and culture – one that elevates performance, sharpens accountability, and unlocks new levels of value creation. With our strategic renewal now complete, we are bringing sharper focus and higher ambition to everything we do. Our new strategy 'Lead the Way' is built on four fundamentals and a smaller number of more ambitious initiatives than before. The new operating model simplifies our structure, strengthens cost competitiveness, and reinforces accountability. For our people, this new strategy means improved role clarity, full empowerment, and accountability. For our stakeholders, it translates to greater customer value, improved financial performance, and stronger shareholder returns," says Valmet's President and CEO Thomas Hinnerskov. New strategy 'Lead the Way' The new strategy is designed to create an accountable high-performance culture and accelerate the growth trajectory towards bolder targets with increased cost competitiveness. During the strategy renewal Valmet has defined its purpose as 'Transforming industries towards a regenerative tomorrow'. Valmet's new Strategy 'Lead the Way' is based on four strategic fundamentals: Customer success Lifecycle commitment Global competitiveness Accountability These strategic fundamentals are being reinforced by Valmet's operating model renewal, announced on March 31, 2025, and becoming effective on July 1, 2025. The new operating model allows the company to operate with strong business areas close to customers, providing integrated expertise in services and technology. A newly formed Global Supply unit for manufacturing and procurement will centrally drive operational excellence and ensure cost competitiveness. 2030 Financial Targets Valmet's new 2030 financial targets reflect a step change in ambition. Valmet's financial targets are the following (previous targets in brackets): Organic net sales growth (CAGR) over the cycle of 5% (previously: over two times the market growth or exceed market growth) Comparable EBITA margin of 15% (previously: 12–14%) Comparable return on capital employed before taxes (Comparable ROCE) of 20% (previously: at least 15%) Gearing below 50% (new target) Valmet is establishing clear capital allocation priorities to support the strategy and long-term value creation. Segment-specific strategic missions, priorities and targets Valmet is setting two distinct strategic missions and sets of strategic priorities for two segments within the company. Biomaterial Solutions and Services segment consists of three business areas: Pulp, Energy and Circularity; Packaging and Paper; and Tissue. Strategic mission for the segment is Advancing circularity. Segment has three strategic priorities: Seamless lifecycle approach to grow in services and technology Continuous innovation with customers, leading the way towards circularity Relentless drive for product cost competitiveness The new Global Supply organization targets EUR 100 million of cost efficiencies by optimizing procurement, logistics, and manufacturing activities across the full Biomaterial Solutions and Services 2030, the segment seeks to double the organic growth in biomaterial services to 8% and reach 14% Comparable EBITA margin (LTM Q1 2025: 10.5%). Process Performance Solutions segment consists of two business areas: Automation Solutions and Flow Control. Strategic mission for the segment is Unlocking resource efficiency. Segment has three strategic priorities: Leading lifecycle value, reliability and customer experience Customer-focused innovation and strategic portfolio expansion Growth in high-quality technologies and digital capabilities in mission-critical solutions By 2030, the segment seeks to accelerate organic growth to over double the market rate and reach 20% Comparable EBITA margin (LTM Q1 2025: 17.6%). Guidance for 2025 unchanged Valmet reiterates its guidance issued on February 13, 2025, in which Valmet estimates that net sales in 2025 will remain at the previous year's level in comparison with 2024 (EUR 5,359 million) and Comparable EBITA in 2025 will remain at the previous year's level in comparison with 2024 (EUR 609 million). Capital Markets Day on June 5, 2025 To present the new strategy in more detail and answer questions, Valmet will host its 2025 Capital Markets Day tomorrow. The event can be followed via a live webcast at The webcast will run from 12:00 to 3:00 p.m. EEST. A recording of the event will be available at the same address shortly after the event. Presentation materials will be available on Valmet's CMD 2025 website by the beginning of the event. The language of the event and materials is English. Further information about Valmet's Capital Markets Day, please contact:Investors and analysts: Pekka Rouhiainen, VP, Investor Relations, Valmet, tel. +358 10 672 0020Media: Antti Ylitalo, Director, External Communications, Valmet, tel. +358 10 672 0000 VALMET Katri HokkanenCFOPekka RouhiainenVP, Investor Relations DISTRIBUTION:Nasdaq HelsinkiMajor Valmet has a global customer base across various process industries. We are a leading global developer and supplier of process technologies, automation and services for the pulp, paper and energy industries, and with our automation and flow control solutions we serve an even wider base of process industries. Our more than 19,000 professionals around the world work close to our customers and are committed to moving our customers' performance forward – every day. The company has more than 225 years of industrial history and a strong track record in continuous improvement and renewal. Valmet's net sales in 2024 were approximately EUR 5.4 billion. Valmet's shares are listed on the Nasdaq Helsinki and the head office is in Espoo, Finland. Follow us on | X | X (IR) | LinkedIn | Facebook | YouTube | Instagram | Processing of personal data This information was brought to you by Cision View original content: Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Yahoo
4 days ago
- Business
- Yahoo
Valmet secures Shotton Mill furnace upgrade contract in UK
Finnish company Valmet has secured a furnace upgrade and a long-term service agreement from Eren Holding for Shotton Mill in the UK. The upgrade is scheduled for completion by the end of 2025. The order, which was included in Valmet's first-quarter orders received this year, has not had its value disclosed. This strategic move aims to enhance the mill's operations and extend the life of its bubbling fluidised bed (BFB) boiler furnace. The majority of the mill's BFB boiler furnace will be fitted with coated panels designed to protect against corrosion and erosion, prolonging the furnace's lifespan. In addition to the physical upgrade, Valmet will provide Shotton Mill with comprehensive support through a long-term service agreement, which includes site inspection services. The service agreement also includes a customised online training package for Shotton Mill's employees. Shotton Mill energy manager Mehmet Arel said: 'We are delighted to continue strengthening our partnership with Valmet as they deliver this vital furnace upgrade and long-term service agreement to Shotton Mill.' Valmet EMEA service manager Nigel Earp said: 'We are very pleased to be awarded the furnace upgrade and are looking forward to safely and successfully delivering the project for Shotton Mill. 'The service agreement will further strengthen our cooperation with the customer, enabling us to develop the mill's operations together over the coming years.' Shotton Mill is currently implementing a substantial investment programme, which includes the installation of a new containerboard production line and a tissue production line, both provided by Valmet. Once these lines are operational, the mill will possess the capability to produce 750,000 tonnes per annum (tpa) of containerboard and 67,000tpa of tissue paper. In February 2025, Valmet secured a contract to supply its automation and quality management solutions to Shandong Jintianhe Paper in China. "Valmet secures Shotton Mill furnace upgrade contract in UK" was originally created and published by Packaging Gateway, a GlobalData owned brand. The information on this site has been included in good faith for general informational purposes only. It is not intended to amount to advice on which you should rely, and we give no representation, warranty or guarantee, whether express or implied as to its accuracy or completeness. You must obtain professional or specialist advice before taking, or refraining from, any action on the basis of the content on our site.
