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Valmet subsidiary Valmet Technologies faces EUR 130 million arbitration claim from Kronospan Energy

PUBT·11/09/2026 16:16:26
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Valmet subsidiary Valmet Technologies faces EUR 130 million arbitration claim from Kronospan Energy
  • Valmet subsidiary Valmet Technologies faces an arbitration claim of approximately EUR 130 million from Kronospan Energy over alleged CHP3 plant defects and performance issues.
  • Claims include EUR 102 million for lost plant value and EUR 23 million in lost profit at the Sanem site in Luxembourg.
  • The biomass-fired heat and power plant agreement dates to January 18, 2022; plant takeover occurred July 12, 2024.
  • Valmet Technologies disputes the allegations, maintaining CHP3 met contractual performance requirements when operated with agreed fuel and under specified conditions.
  • The subsidiary plans to pursue its own claims against Kronospan Energy.


Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Valmet Oyj published the original content used to generate this news brief via Cision (Ref. ID: 20261109:BIT:6845:0) on November 09, 2026, and is solely responsible for the information contained therein.