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 27 OptiConcept M board and paper machines, and 13 Advantage NTT tissue machines. Valmet has also delivered 2 LignoBoost lignin separation plants.
Positive 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
- EUR 692 million in 2017
- EUR 1 080 million in 2018
- EUR 987 million in 2019
Product is new 5 years after launch in capital business and 3 years in services business.
|Research and development expenses (EUR million)||71||66||64||64||50||42||60|
|% of net sales||2.0%||2.0%||2.1%||2.2%||2.0%||1.7%||2.3%|
Figures for 2013 are carve-out figures.
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.