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In 1992, Valmet became the sole owner, and the company was renamed Valmet Automotive in 1995. From 1999 to 2010, the sole owner was Metso , after which both Finnish Industry Investment (Tesi) and Pontos Investments bought 34% of the company's shares. [ 14 ]
At the start of 2014, Metso Corporation's Mining and Construction business and Automation business formed the new Metso Corporation and Metso's Pulp, Paper and Power business formed a new independent company under the name Valmet Corporation. In December 2013 Metso reduced its holding in Valmet Automotive to approximately 41%.
Originally Yutivo Sons Hardware Co. Yutivo assembled various models under license from GM beginning in 1953. GM bought a 49% stake in Yutivo in 1972 and renamed it GM Philippines. Isuzu invested in the company in 1979 and it was renamed GM Pilipinas, Inc. Assembly of GM vehicles ended in 1985 and GM sold the plant to Isuzu in 1994.
Valmet had been developing recycling technology with Renewcell for years, and the companies constructed a pilot plant and a factory in Sundsvall together. [6] In July 2021, Valmet and Neles agreed to merge. [7] Neles owners obtained 18.8 per cent of the merging company. The companies’ synergies were considered to be substantial during the ...
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The Think City (stylized as the TH!NK City) is an electric city car that was produced by Norwegian carmaker Think Global, and production partner Valmet Automotive from 2008 to 2012. It is a small two-seater/2+2-seater highway capable vehicle, with a top speed of 110 kilometres per hour (68 mph), and an all-electric range of 160 kilometres (99 ...
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