Valmet to Start Personnel Negotiations on Temporary Layoffs at its Valve Factory in Finland

Jukka Tiitinen, Area President, North America, has decided to retire after a long and successful career at Valmet.

Mr. Olli Hänninen (M.Sc. Industrial Management) has been appointed Senior Vice President, Strategy, at Valmet as of October 1, 2024. In this position he will report to the President and CEO Thomas Hinnerskov and is a member of Valmet’s Executive Team.

Valmet has opened a new service center in Beihai to serve and be close to its customers in the fast-growing pulp and paper industry in the Guangxi Zhuang Autonomous Region, West China. The center is a vital service point for Valmet’s customers across China.

Lack of fresh water supply is becoming a challenge for many pulp and paper producers across the globe, which emphasizes the need of water saving and water treatment equipment. Re-using and/or recycling process effluent is today a must for most companies

Valmet published on February 19, 2024, that Valmet’s Board of Directors has appointed Thomas Hinnerskov President and CEO of Valmet. Thomas Hinnerskov will assume the role of Valmet’s President and CEO on August 12, 2024. He succeeds Pasi Laine, who will continue as the President and CEO of Valmet until August 11, 2024.

Valmet renews its sustainability reporting practices. Since 2013 the company has published an annual sustainability report in line with the international GRI framework and reported to several leading sustainability ratings.