textile industry is in high demand in Europe, because the collection of discarded textiles for recycling must be organized in the EU countries by 2025. Valmet had been developing recycling technology with Renewcell for years, and the companies constructed a pilot plant and a factory in Sundsvall together. In July 2021, Valmet and Neles agreed to merge. Neles owners obtained 18.8 percent of the merging company. The companies’ synergies were considered to be substantial during the transaction. Neles was thought to help increase sales in automation systems, while its products were also to be sold to the paper industry. Neles merged into Valmet in April 2022, becoming Valmet’s fifth business line, Flow Control. The companies had several managers and employees who knew each other from Metso days. After the merger, the company had 17,000 employees, 3,000 of whom came from Neles. Organization and products Valmet's operations are divided into five geographical areas: North America, South America, EMEA, China, and Asia-Pacific. Valmet operates in some 40 countries and employs 17,000 people. Valmet's primary production sites are the Rautpohja factory in Jyväskylä, Finland, and the units in Sweden's Karlstad and Sundsvall and China's Xi'an and Shanghai. Rautpohja is the center of paper and board machine engineering operations, the manufacture of components such as headboxes and the assembly of machine deliveries to Europe. Recognitions In 2019, Valmet was included in the Dow Jones Sustainability Indices (DJSI) for the sixth consecutive year. The company was listed both in the Dow Jones Sustainability World and Europe indices. In January 2020, Valmet was listed in the CDP's annual A-list among the best companies leading on environmental transparency and performance. See also Valmet Automotive References Companies listed on Nasdaq Helsinki Conglomerate companies of Finland Aircraft manufacturers of Finland Motor vehicle manufacturers of Finland Shipbuilding companies of Finland Defence companies of Finland 1951 establishments in Finland 1999 disestablishments in Finland Manufacturing companies established in 1951 Companies disestablished in 1999 Firearm manufacturers of Finland Locomotive manufacturers of Finland Finnish companies established in 1951