Valmet Corporation To Expand Lancaster County Manufacturing Facility

Expansion Expected To Create 40 New Jobs

LANCASTER COUNTY, SC –  Valmet Corporation, a leading global service and technology supplier for the pulp, paper and energy industries based in Espoo, Finland, is expanding its Lancaster County manufacturing facility. The investment is expected to create 40 new jobs in Lancaster, S.C.

Tracing its roots back to a small shipyard outside of Helsinki in the 1750s, today Valmet operates manufacturing and service locations across 30 countries on six continents with 11,000 employees. In South Carolina, Valmet operates a manufacturing facility at 992 Quality Drive in Lancaster as well as a service office in Aiken. The company offers services and technologies covering everything from maintenance outsourcing to mill and plant improvements and spare parts. Valmet’s net global sales in 2013 were approximately EUR 2.6 billion ($3.37 billion) with its North American sales component comprising around 15 percent of its overall worldwide sales.

Valmet is committed to sustainable business practices as part of its corporate strategy. Earlier this month, Valmet was selected as one of only four companies from Finland to be included in the Dow Jones Sustainability Index, which is recognized as a benchmark for investors interested in a company’s sustainability performance as part of overall analyses.

The company expects the expansion to be complete by January 2015, with hiring for the new positions beginning in September 2014. Those interested in applying for positions with Valmet are encouraged to visit its online careers page, connect via LinkedIn or apply online at SC Works.

“Valmet has appreciated working with the State of SC in our expansion of our Pulp, Paper and Power Services in North America. On behalf of the 1100 North American employees of Valmet I would like to thank the South Carolina Department of Commerce for their support to make our Lancaster facility a reality” –Valmet-North America Area President Bill Bohn

“It’s always exciting to see one of our existing companies make the decision to expand – it proves that South Carolina has the workforce and business environment that they need to be successful. We congratulate Valmet on their expansion and the 40 new jobs they are creating in the Lancaster community, and look forward to working with them as they continue growing in our state.” –Gov. Nikki Haley

“This expansion is yet another example of South Carolina’s manufacturing prowess. Having foreign-based firms, such as Valmet Corporation, increase their investment and presence in our state is an affirmation that South Carolina is just right for globally respected companies.” –Secretary of Commerce Bobby Hitt

“Valmet is one of our leading manufacturers and we are excited about this expansion. One of the great things about Lancaster County and South Carolina in general is the number of companies that locate and then expand here. Valmet is a perfect example of that success. We value their being in the community providing good jobs with good wages and being good corporate citizens. Congratulations to Valmet, and a special thanks to the LCEDC staff and SC Commerce for assisting with this project.” –Lancaster County Council Chairman Larry McCullough

FIVE FAST FACTS

• Valmet Corp. is expanding its Lancaster County manufacturing facility that serves the pulp, paper and energy industries.
• The expansion is expected to create 40 jobs.
• Valmet operates manufacturing and service locations across 30 countries on six continents with 11,000 employees, including South Carolina operations in Lancaster and Aiken counties.
• With sustainability central to its corporate strategy, Valmet was selected as one of only four companies from Finland to be included in the Dow Jones Sustainability Index.
• Those interested in applying for positions with Valmet are encouraged to visit its online careers page, connect via LinkedIn or apply online at SC Works.

About Valmet Corporation

Valmet Corporation is a leading global developer and supplier of services and technologies for the pulp, paper and energy industries. Our 11,000 professionals around the world work close to our customers and are committed to moving our customers’ performance forward – every day. Valmet’s services cover everything from maintenance outsourcing to mill and plant improvements and spare parts. Our strong technology offering includes entire pulp mills, tissue, board and paper production lines, as well as power plants for bio-energy production. The company has over 200 years of industrial history and was reborn through the demerger of the pulp, paper and power businesses from Metso Group in December 2013. Valmet’s net sales in 2013 were approximately EUR 2.6 billion. Valmet’s objective is to become the global champion in serving its customers. Valmet’s head office is in Espoo, Finland and its shares are listed on the NASDAQ OMX Helsinki Ltd.