Valmet published on February 19, 2024, that Valmet's Board of Directors has appointed Thomas Hinnerskov President and CEO of Valmet. Thomas Hinnerskov's start date was agreed today and he will assume the role of Valmet's President and CEO on August 12, 2024. He succeeds Pasi Laine, who will continue as the President and CEO of Valmet until August 11, 2024.
Valmet and Körber have on May 29, 2024, reached a joint venture agreement to further strengthen FactoryPal, a venture of Körber. FactoryPal is a software developed for tissue converting operations that improves shopfloor manufacturing performance and productivity.
Valmet and Papierfabrik Palm GmbH & Co KG have signed a three-year Service Agreement and a one-year Performance Agreement to further improve the performance of Palm's production lines Aalen PM5 and Wörth PM6.