Valmet Oyj, a Finnish company, is a developer and supplier of technologies, automation systems and services for the pulp, paper and energy industries. Valmet has over 200 years of history as an industrial operator. Formerly owned by the State of Finland, Valmet was reborn in December 2013 with the demerger of the pulp, paper and power businesses from Metso Corporation. Valmet's services include maintenance outsourcing, mill and power plant improvements, and spare parts. The company provides technology for pulp, tissue, board and paper mills and bioenergy plants. Valmet has operations in more than 40 countries and it employs about 17,000 people. Its headquarters are located in Espoo, and it is listed on the Nasdaq Helsinki. In 2021, Valmet's net sales totaled €3.9 billion. History Historical products During its history, Valmet has made ships, trains, aeroplanes, tractors, clocks and weapons, as described in the list of Valmet products. Roots in the 18th century The company originated in the 1750s when a small shipyard was established in the Sveaborg fortress (now called Suomenlinna) on the islands outside Helsinki, at the time a part of the Swedish province Nyland. In the early 20th century, it ended up under the ownership of the Finnish state and became part of Valmet. Tamfelt was established in 1797 and became one of the leading suppliers of technical textiles. These operations are now part of Valmet's Service business line. Several of the companies forming part of the new Valmet Corporation that was born in the 2010s date back to the 19th century. The Karlstad Mekaniska Werkstad (KMW) in Sweden began in 1865. Beloit Corporation began in 1858 as a foundry in the city of Beloit, Wisconsin, US. Sunds Bruk, the predecessor of Sunds Defibrator Industries Ab, was established in Sweden in 1868. 1946–1998 Creation of Valmet In 1946, several metal workshops owned by the Finnish state were merged to form the Valtion Metallitehtaat (), abbreviated as ValMet. The new company came to include various metalworks that manufactured war reparations products for the Soviet Union in different parts of Finland. In the year of its establishment, the company had some 6,200 employees. At the beginning of 1951, the Valtion Metallitehtaat group was renamed Valmet Oy. The various factories, which had previously manufactured warships, aircraft and artillery pieces, spent years finding their new purposes. The conversion of an artillery works into a paper machine manufacturer was a success, but import