The loan will finance the company’s R&D investments in Finland and Sweden 2023–2025. The aim of the R&D work is to create new technologies, products and services that address customer needs and help respond to some of the most important global megatrends. These are linked to the promotion of the use and enhancement of the efficiency of renewable raw materials, water and energy, reducing emissions, improving safety and circularity, as well as productivity and environmental improvements, with digitalisation.
The integration of sustainability topics into the R&D operations is an integral part of the innovation process. Furthermore, the innovation process encourages collaboration and knowledge sharing with labour markets, SMEs and universities.
“The investment into R&D activities are important for productivity and securing competitiveness in our region. In addition, these investments are crucial for the development of new solutions that can further reduce the dependence on fossil fuels. NIB can offer support by providing long-term lending that support Valmet on their innovation journey,” says André Küüsvek, NIB President and CEO.
“Valmet’s research and development focuses on innovating technologies, products, and services that address customer requirements and align with critical global megatrends. These trends include boosting raw material, water, and energy efficiency, promoting the use of renewable resources, and mitigating emissions. This NIB loan agreement further enhances Valmet’s preparedness to facilitate the green transition within its customer industries as this loan will finance company’s R&D investments in Finland and Sweden in 2023–2025,” says Janne Pynnönen, Senior Vice President, Operational Development at Valmet.
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