Metso Board Approves Plan for Demerger & New Focus On Renewable & Sustainability Strategies

In preparation for Metso’s planned demerger, the company's board of directors has approved the strategy, organization, and financial targets for the proposed formation of a new Valmet Corporation*.

Valmet will focus on delivering technology and services globally to industries that use bio-based raw materials. Valmet’s stated vision is to become the global champion in serving its customers, and its mission is to convert "renewable resources into sustainable results."

RELATED: Board Approves a Demerger Plan to Divide Metso Into 2 Companies

Valmet’s main customer industries are pulp, paper, and energy. Valmet expects to complement its core business by applying its technology and know-how to industries beyond biomass, particularly in the energy sector.

Valmet’s product and service portfolio consists of productivity-enhancing services, plant upgrades and rebuilds, new cost-efficient equipment and solutions for optimizing energy and raw material usage, and technologies increasing the value of its customers’ end-products.

*Pending the approval of the Metso EGM to be held on October 1, 2013, and registration of the demerger.