The loan will support Valmet’s Research and Development (R&D) activities to help finance technologies that replace fossil fuels with renewables
Valmet, a leading global developer and supplier of process technologies, automation and services for the pulp, paper and energy industries, has signed a 175 million Euros loan agreement with the European Investment Bank (EIB).
The EIB is the long-term lending institution of the European Union and is owned by the EU Member States.
The loan will support Valmet’s Research and Development (R&D) activities to help finance technologies that replace fossil fuels with renewables, and the agreement is linked to the company’s R&D activities in 2023-2026.
The financing aims to enhance the resource and energy efficiency as well as the performance of Valmet’s technology, promote the use of recyclable raw materials and to improve the sustainability of Valmet’s operations. The financing is part of the EIB’s dedicated package of support to REPowerEU — the EU plan to eliminate dependence on fossil fuel imports.
Valmet’s R&D spending was 95 million Euros in 2022. Valmet has 28 research and development centers around the world and approximately 1,300 protected inventions.
“The aim of Valmet’s research and development work is to create new technologies, products and services that address customer needs and help respond to some of the most important global megatrends: enhancing the efficiency of raw materials, water and energy, promoting the use of renewable raw materials and reducing emissions. We’re happy about this loan agreement as it improves Valmet’s readiness to support the green transition in Valmet’s customer industries,” says Janne Pynnönen, vice-president, R&D, Valmet.
In 2024, we are looking at full recovery and growth-led investment in Indian printing
Indian Printer and Publisher founded in 1979 is the oldest B2B trade publication in the multi-platform and multi-channel IPPGroup. It created the category of privately owned B2B print magazines in the country. And by its diversification in packaging, (Packaging South Asia), food processing and packaging (IndiFoodBev) and health and medical supply chain and packaging (HealthTekPak), and its community activities in training, research, and conferences (Ipp Services, Training and Research) the organization continues to create platforms that demonstrate the need for quality information, data, technology insights and events.
India is a large and tough terrain and while its book publishing and commercial printing industry have recovered and are increasingly embracing digital print, the Indian newspaper industry continues to recover its credibility and circulation. The signage industry is also recovering and new technologies and audiences such as digital 3D additive printing, digital textiles, and industrial printing are coming onto our pages. Diversification is a fact of life for our readers and like them, we will also have to adapt with agility to keep up with their business and technical information needs.
India is one of the fastest growing economies in nominal and real terms – in a region poised for the highest change in year to year expenditure in printing equipment and consumables. Our 2024 media kit is ready, and it is the right time to take stock – to emphasize your visibility and relevance to your customers and turn potential markets into conversations.
