Valmet and Körber to form a joint venture.

Valmet, a developer and supplier of process technologies, automation systems and services, and Körber, a strategic management holding company, agreed to form a joint venture to further strengthen FactoryPal, a venture of Körber. Financial terms were not disclosed. “Valmet has a unique end to end offering for tissue producers, from stock-preparation and tissue machines to rewinders, converting and packaging lines, as well as services and automation systems. We see FactoryPal as an excellent addition that will provide performance optimization, not only for converting operations, but eventually also for the entire tissue making process,” Petri Rasinmäki, Valmet Business Line President.