Pulp Paper & Logistics
INDUSTRY NEWS 9
Metso to demerge its pulp, paper and power business
under the new name of Valmet Already approved by Metso’s
M
board, the demerger will require which will be around the beginning of October. If approved,
Paper and Power business is being demerged from
Current president of Metso’s Pulp, Paper and Power business the new company. He has been a “Metso’s Board of Directors
has studied the requirements of has considered both external and internal candidates. Our possible person for the role of
has had a long and successful career at Metso, holding various Power businesses,” said Metso chairman Jukka Viinanen. Pasi Laine, who has a
masters degree in engineering, commented: “It is an honour to be given this new opportunity to develop Metso’s Pulp, Paper and Power business as an independent company and implement our business strategy and accelerate growth. Our goal is to be the
Pasi Laine
leading global technology and service provider for the pulp, paper and power industries. The new Valmet will be a modern and dynamic listed company.”
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