thyssenkrupp Industries India and Valmet have signed a cooperation agreement to sell and distribute process automation systems for the energy sector and process industries such as sugar, fertilizers, petrochemicals, and metals in India and other countries. The contract signing ceremony was held on June 26th, 2023, at the Embassy of Finland in New Delhi, India.
The collaboration will primarily focus on projects billed through thyssenkrupp, and the first phase will be effective for a period of eight years. By leveraging their respective strengths and expertise, both companies aim to deliver top-notch control and automation solutions, thereby establishing a robust portfolio of Industrial Automation solutions within the realm of IIoT 4.0.
The partnership between thyssenkrupp Industries India and Valmet goes beyond the cooperation on Valmet DNA Distributed Control System. They plan to work together in areas such as technology innovation, business model development, and customer service.
The agreement highlights the commitment of thyssenkrupp Industries India and Valmet to become preferred brands for their customers by delivering value and premium solutions. thyssenkrupp Industries India also emphasizes its dedication to expanding its service offerings for both domestic and global customers by developing new solutions.
“We are very happy to offer to our customers a control system that will work seamlessly with our equipment. We are delighted to be able to offer this in collaboration with Valmet who are a proven technology leader in this field. This is in keeping with our strategy to enhance the automation and digital quotient of the products we bring into the market” – said Mr. Vivek Bhatia, Managing Director & CEO, thyssenkrupp Industries India
“With Valmet as our technology partner, our primary goal is to deliver long-term value and exceptional benefits to our valued customers. Through the partnership, we aim to bring operational efficiency to all our customers.” – said Mr. Abhay Patil, Director – Energy Division, thyssenkrupp Industries India
“thyssenkrupp’s and Valmet’s offerings complement each other, and with this cooperation we will be able to offer unbeatable value for the end customers. This agreement is an important step for Valmet’s Automation Systems to further increase our market share in India.” – said Mr. Pekko Luumi, Automation Partner Business Director, Energy and Process Systems, Automation Systems Business line, Valmet
“Valmet is aiming to increase their footprint in the energy sector through various technologies and partnerships. The strategic agreement with thyssenkrupp will strengthen Valmet’s automation business in India and other countries. Moreover, the solution will help to differentiate ourselves among automation solutions and create new technology job opportunities in India. This is a first step and we look forward to expanding this partnership in other complementing areas.” – said Mr. Varun Jain, Director, India Region, Asia Pacific, Valmet
About thyssenkrupp
thyssenkrupp is an international group of companies comprising largely independent industrial and technology businesses with around 96000 employees. Across 48 countries, it generated sales of €41 billion in fiscal 2021/2022. Its business activities have been bundled into six segments: Materials Services, Industrial Components, Automotive Technology, Steel Europe, Marine Systems, and Multi Tracks. Backed by extensive technological know-how, businesses develop cost-effective and resource-friendly solutions to the challenges of the future. Around 3,600 employees work in research and development at 75 locations all over the world, mainly in the fields of climate protection, the energy transition, digital transformation in the industry, and mobility of the future. The group currently has a portfolio of approximately 18,100 patents and utility models. Under the umbrella brand thyssenkrupp, the group creates long-term value with innovative products, technologies and services and helps make life better for future generations. thyssenkrupp is listed in the MDAX index. thyssenkrupp shares are traded on Frankfurt Stock Exchange (symbol: TKA) and as American depositary receipts (symbol: TKAMY) in the USA“.
thyssenkrupp Industries India Pvt. Ltd. (tkII) in the last 75 years has grown to become one of the most trusted names in the fields of Boilers & Power plants, Sugar Plants & Machinery, Open Cast Mining & Bulk Material Handling Systems, and Cement Plants & Machinery. With strong foundations and access to world-class technology thyssenkrupp Industries India plant-making capabilities are helping the industry become competitive world over. thyssenkrupp Industries India strategic vision as an EPC Contractor to execute turnkey projects is derived from its core strength of integrated engineering expertise and automation in manufacturing backed by an excellent team of project executives. The company firmly believes in delivering total customer satisfaction spanning from Concept to Commissioning and prompt after-sales service. thyssenkrupp Industries India highly competent project management capabilities are a result of its tradition of anticipating and fulfilling specific customer requirements. A highly qualified team of engineers and technicians, supported by the most modern IT infrastructure ensures the brand of quality that thyssenkrupp is known for worldwide. The emergence of a true market leader speaks volumes about the world-class technology inherent in the company’s products. The company’s nationwide branch network along with the support of thyssenkrupp’s global establishments enables it to meet the needs of customers on time.
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About Valmet
Valmet is a leading global developer and supplier of process technologies, automation and services for the pulp, paper and energy industries. With our automation systems and flow control solutions, we serve an even wider base of process industries. Our 17,500 professionals around the world work close to our customers and are committed to moving our customers’ performance forward – every day. The company has over 220 years of industrial history and a strong track record in continuous improvement and renewal. In 2022, a major milestone was achieved when the flow control company Neles was merged into Valmet. Valmet’s net sales in 2022 were approximately EUR 5.1 billion.
Valmet’s shares are listed on the Nasdaq Helsinki and the head office is in Espoo, Finland.
