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MarketScreener Homepage  >  Equities  >  NASDAQ OMX HELSINKI LTD.  >  Valmet Oyj    VALMT   FI4000074984

VALMET OYJ

(VALMT)
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Valmet Oyj : to invest in filter fabric manufacturing in India

10/28/2020 | 04:10am EST

Valmet Oyj's trade press release on October 28, 2020 at 11:00 a.m. EET

Valmet has decided to invest in filter fabric manufacturing in Pune, India in order to better serve its customers and improve delivery times of filter fabrics to the Asia Pacific and Middle East areas.

The investment includes manufacturing equipment for filter fabric production. The new unit will start operation in the second quarter of 2021.

'This investment gives us the necessary assets to further develop our services close to customers and strengthen our position in the market. It also ensures our capacity for the coming years to deliver filter fabrics that respond to customer needs for maximized reliability and optimized performance of their production process,' says Tero Kokko, Vice President, Fabrics Business Unit, Valmet.

Valmet is one of the leading suppliers of filter fabrics and industrial textiles globally. Valmet's filtration offering covers filter fabrics and felts for the mining and chemical, pulp and paper, dry filtration and laundry industries.

VALMET
Corporate Communications

For further information, please contact:
Rui Coelho, Director, Filtration Technology Unit, Services, Valmet, tel. +351 96 744 9076
Varun Jain, Director, India Region, Valmet, tel. +91 (96548) 13696

Valmet is the leading global developer and supplier of process technologies, automation and services for the pulp, paper and energy industries. We aim to become the global champion in serving our customers.

Valmet's strong technology offering includes pulp mills, tissue, board and paper production lines, as well as power plants for bioenergy production. Our advanced services and automation solutions improve the reliability and performance of our customers' processes and enhance the effective utilization of raw materials and energy.

Valmet's net sales in 2019 were approximately EUR 3.5 billion. Our more than 13,000 professionals around the world work close to our customers and are committed to moving our customers' performance forward - every day. Valmet's head office is in Espoo, Finland and its shares are listed on the Nasdaq Helsinki.

Read more www.valmet.com, www.twitter.com/valmetglobal

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Disclaimer

Valmet Oyj published this content on 28 October 2020 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 28 October 2020 09:09:08 UTC


© Publicnow 2020
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Sales 2020 3 616 M 4 382 M 4 382 M
Net income 2020 206 M 249 M 249 M
Net Debt 2020 255 M 309 M 309 M
P/E ratio 2020 18,3x
Yield 2020 3,29%
Capitalization 3 769 M 4 552 M 4 566 M
EV / Sales 2020 1,11x
EV / Sales 2021 1,06x
Nbr of Employees 13 434
Free-Float 86,9%
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Average target price 24,33 €
Last Close Price 25,21 €
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Pasi Laine President & Chief Executive Officer
Mikael Mäkinen Chairman
Kari Saarinen Chief Financial Officer
Rogério Ziviani Independent Director
Aaro Sakari Cantell Vice Chairman
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