All agreed loans

Finland. Valmet Corporation

Date of loan: 13 Jan 2015
Country: Finland
Customer: Valmet Corporation
Amount in EUR: EUR 95 million
Maturity: 8 years
NACE sector / loan type: Manufacture of machinery and equipment n.e.c.
Business area: Industries and services

Environmental effect

This loan contributes to climate change mitigation: 100%

Project

The loan has been provided for Valmet Corporation for financing its R&D programme for 2014–2017.

The R&D investment will be distributed between the company’s three main business lines: paper, pulp and energy, and services. The programme has a strong focus on developing products that use less energy and water and fewer chemicals. The estimated improved energy efficiency may be 10–20% and the cumulative energy savings with expected sales approximately 360 GWh annually.

Valmet Corporation is a leading supplier of services and technologies for the pulp, paper and energy industries. Valmet’s head office is in Espoo, Finland, and it employs 11,000 people worldwide.

Fulfilment of NIB's mandate

Competitiveness:

Almost 100% of the investment in the R&D programme for 2014–2017 will be used in Finland and Sweden. R&D is seen as the main driver for productivity growth, and it is expected that the results of this programme will benefit the NIB member country area.

Environment:

The projects in Valmet’s R&D programme aim to develop new or improved solutions with a positive environmental impact for existing markets. The R&D project also emphasises the development of new renewable products for the transportation sector that will result in decreased CO2 emissions.

Sustainability summary

The potential direct, negative environmental impacts of Valmet’s R&D programme are assessed to be insignificant.