Valmet continues to invest in press felt production in Finland

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May 02, 2023, 02:44 ET

ESPOO, Finland, May 2, 2023 /PRNewswire/ -- Valmet has decided to further strengthen its press felt production capabilities in Tampere, Finland, by investing in a new weaving machine and a new heat-setting machine in addition to the ongoing press felt investment announced in August 2022. The value of the new investment will not be disclosed.

"The investments will safeguard our press felt production capacity for years to come and strengthen our position as one of the leading press felt suppliers globally. Our customers in the board, paper, tissue, and pulp industries will also in the future benefit from press felts that respond to the highest quality and performance demands, and which are produced in the most modern, efficient, and sustainable press felt facility within the industry," says Tero Kokko, Vice President, Fabrics Business Unit, Services at Valmet.

"As the sustainability of the production is very important for us, we continue to emphasize the recycling of our production side streams. We are also constantly investigating and testing in our laboratories new, more sustainable yarns and other raw materials. These actions apply to the production of all our fabrics and technical textiles: forming and dryer fabrics, press felts, shoe press belts as well as filter fabrics and laundry felts," continues Kokko.

Valmet has been producing press felts in Tampere, Finland, since 1882.

Valmet's production unit for fabrics in Tampere.

VALMET
Corporate Communications

For further information, please contact:
Tero Kokko, Vice President, Fabrics Business Unit, Services, Valmet, tel. +358 40 542 7427

Valmet is a leading global developer and supplier of process technologies, automation and services for the pulp, paper and energy industries. With our automation systems and flow control solutions we serve an even wider base of process industries. Our 17,500 professionals around the world work close to our customers and are committed to moving our customers' performance forward – every day.

The company has over 220 years of industrial history and a strong track record in continuous improvement and renewal. In 2022, a major milestone was achieved when the flow control company Neles was merged into Valmet. Valmet's net sales in 2022 were approximately EUR 5.1 billion.

Valmet's shares are listed on the Nasdaq Helsinki and the head office is in Espoo, Finland.