06/01/2021 | Press release | Distributed by Public on 06/01/2021 02:06
Valmet Oyj's trade press release on June 1, 2021 at 11:00 a.m. EET
Valmet has invested in a new forming fabric weaving machine in its production unit in Tianjin, China. The new weaving machine started production at the beginning of May 2021. The value of the investment is approximately EUR 2.7 million.
'This investment strengthens our capability to serve our customers with high quality forming fabrics in China and supports our growth in the coming years. The new forming fabric weaving machine, 15 meters in width, increases our production capacity and shortens our lead times. With customized forming fabrics we support our customers to achieve maximized reliability and optimized performance of their production processes,' says Tero Kokko, Vice President, Fabrics Business Unit, Services, Valmet.
In Tianjin, Valmet manufactures forming fabrics, dryer fabricsand filter fabricsmainly for the Chinese and Asia-Pacific market. The Tianjin production unit started up with 45 employees in 2008 and today it employs around 170 service professionals.
The new forming fabric weaving machine in Tianjin
For further information, please contact:
Tero Kokko, Vice President, Fabrics Business Unit, Services, Valmet, tel. +358 40 542 7427
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 2020 were approximately EUR 3.7 billion. Our 14,000 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.