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Valmet Oyj press shed, August 2, 2024, at 9:00 a.m. EEST
ESPOO, Finland, Aug. 2, 2024 /PRNewswire/ — Valmet has finished the purchase of Demuth following the word that was once announced on December 22, 2023. Demuth is a Brazilian corporate focusing on timber dealing with answers for the pulp business.
The price of the purchase might not be disclosed. The received operations can be incorporated in Valmet’s monetary reporting for the primary occasion within the 3rd quarter of 2024.
Demuth operates two production amenities in southern Brazil within the order of Rio Grande do Sul. The online gross sales of Demuth are round EUR 20–30 million once a year, and the corporate employs round 400 population.
Demuth facility in Portão, Brazil
The purchase is in order with Valmet’s way to create and provide aggressive and decent procedure applied sciences, products and services and automation to pulp, paper and effort consumers. This acquisition considerably strengthens Valmet’s timber dealing with generation providing and products and services presence in South The usa.
“The acquisition was completed as planned after the approval of the competition authorities’ review. We are very happy to welcome the new colleagues from Demuth to join our Valmet South America team. With stronger local presence in Brazil and with further improved capabilities to deliver new wood handling equipment, spare parts, and field services, we are able to serve our customers even better and help to take their performance forward,” says Celso Tacla, Segment President, South The usa, Valmet.
“South America is an important growth market for Valmet’s pulp business. There are several new greenfield pulp mills being planned to be built in Brazil and several of the existing mills will be modernized in the coming years, in Brazil and other countries in South America. With expanded wood handling offering and equipment manufacturing capabilities, we can strengthen our position in these projects. Our whole organization is looking forward to very close cooperation with our new colleagues,” says Sami Riekkola, Trade Series President, Pulp and Power, Valmet.
VALMET
Company Communications
For additional knowledge, please touch:
Sami Riekkola, President, Pulp and Power trade order, Valmet, tel. +358 40 542 7437
Celso Tacla, Segment President, Valmet South The usa, tel. +55 41 3358 4799
Valmet has an international buyer bottom throughout diverse procedure industries. We’re a important world developer and provider of procedure applied sciences, automation and products and services for the pulp, paper and effort industries, and with our automation and current keep an eye on answers we grant a fair wider bottom of procedure industries. Our greater than 19,000 pros all over the world paintings related to our consumers and are dedicated to shifting our consumers’ efficiency ahead – each era.
The corporate has over 220 years of business historical past and a powerful monitor report in steady development and renewal. Valmet’s internet gross sales in 2023 have been roughly EUR 5.5 billion.
Valmet’s stocks are indexed at the Nasdaq Helsinki and the top workplace is in Espoo, Finland.
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