Research and development
In this section you can find information on Valmet's Research and Development work, such as focus areas, orders received of new products and costs.
Valmet’s R&D work is based on customers’ needs, such as increasing production efficiency, improve competitiveness, maximize value of raw materials, widen raw material base, provide high-value end products, and developing new innovations and technologies.
Currently, Valmet has three focus areas in its R&D work:
- To ensure advanced and competitive technologies and services, Valmet develops cost competitive, leading process and automation technologies and services.
- To enhance raw material, water and energy efficiency, Valmet combines process technology, automation and services to reduce raw material, water, and energy consumption in its customers’ production processes.
- To promote renewable materials, Valmet develops solutions to replace fossil materials with renewable ones and to produce new high-value end products.
Valmet has successfully commercialized its techological innovations. Valmet has, for example, sold 12 OptiConcept M board and paper machines, and 9 Advantage NTT tissue machines. Valmet is in the process of delivering its first high power recovery boiler and has delivered 2 LignoBoost lignin separation plants.
Increasing trend in orders received of new products:
- EUR 462 million in 2013
- EUR 529 million in 2014 (Automation business line not included)
- EUR 653 million in 2015
- EUR 751 million in 2016
Product is new 5 years after launch in capital business and 3 years in services business.
Valmet has recorded all costs resulting from R&D activities as expenses in the income statement in 2014, 2015 and 2016.
|Research and development expenses (EUR million)||64||50||42||60||65|
|% of net sales||2.2%||2.0%||1.7%||2.3%||2.2%|
Figures for 2013 and 2012 are carve-out figures. 2014, 2015 and 2016 figures are actual.
Valmet's Research and Development centers on map
Valmet's research and development work is carried out predominantly in Finland and Sweden within the business lines’ technology and R&D organizations. In addition, research and development takes place together with a network made up of customers, research facilities and universities.
Five steps to successful commercialization of an innovation
Based on my experiences I have created a list of steps to successful innovation commercialization. I believe these to be useful in product development projects for both physical equipment and digital solutions.