
Annual report
2021
Neles delivers mission-critical flow control innovations, technologies, and services for the continuously evolving needs of global process industries. We help our customers to improve their process performance and ensure the safe flow of materials. We drive profitable growth and sustainable productivity across our customer industries.
Highlights of 2021
Sales
MEUR 611
Employees
2,934
Adjusted EBITA
14.2% of sales
12%
CO2 reduced in production (target -25% by 2030)
2021 in review – Our top 5 highlights
The roots of our #NelesJourney date back to 1956. We draw on our long heritage and knowhow to continuously develop and innovate solutions that redefine how process industries experience reliable flow control performance. In 2021, we had the privilege of not only celebrating our first year after a partial demerger, but also Neles’ 65th anniversary!
Take a look at some of our favorite highlights from 2021.
Reliable partner – Sustainable solutions
Sustainability is integrated into everything we do, from product development to supply chain and daily operations. Our sustainability agenda is being integrated into our HSEQ management system, thus ensuring the consistency and efficiency of the implementation of our targets. We drive our targets for a brighter tomorrow in these three areas: Health and safety, Environment, Society and People.
In 2021, we achieved safety records in several locations and used 100% renewable energy at the headquarters and Helsinki plant. We also joined the Carbon Disclosure Project (CDP) to support transparency.

Industries we serve
Neles offers valve and valve automation technologies and services to all process industries. Valves play an important role in our everyday lives, and they allow various industries to produce materials that keep our societies and infrastructures up and running. Wherever liquid or gas is moved in a pipe, there are valves involved.
Diversification of our customer industries is a cornerstone of Neles’ growth strategy. In 2021, we took an important strategic step to strengthen our position in the mining & and metals industry by the acquisition of Flowrox valve and pump businesses as well as made advancements in the green hydrogen business.
Dig deeper into our Annual report themes
Neles and thyssenkrupp Uhde Chlorine Engineers have signed a frame agreement for the delivery of valve solutions for green hydrogen applications
Neles Corporation press release, November 17, 2021, at 10:00 a.m. EET
Neles’ acquisition of the valve and pump businesses of Flowrox completed
Neles Corporation’s press release on November 1, 2021 at 03.00 p.m. EET
Neles launches versatile butterfly valve range for superior process performance with a minimized environmental footprint
Neles Corporation, press release, June 7, 2021, at 10:00 a.m. EEST

Power-to-X – New sustainable technologies to couple with renewable energy production
What is Power-to-X? The aim of these new sustainable technologies is to help decarbonize the world.
Neles responds to customers’ changing needs by enhancing the production of industrial valves in Vantaa, Finland
Neles Corporation’s press release on June 14, 2021, at 10:30 a.m. EEST
Neles has delivered its first valve with 3D printed valve body for field testing
Neles Corporation, press release, May 5, 2021 at 2:00 p.m. EEST
Neles Corporation's extraordinary general meeting has approved the merger of Neles and Valmet and authorized the board to resolve on the distribution of funds
Neles Corporation Stock Exchange Release 22 September 2021 at 11:40 a.m. EEST