Valmet 502 S
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Valmet 502 S
Valmet Oyj is a Finnish company and a developer and supplier of technologies, automation systems and services for the pulp, paper and energy industries. Valmet has over 200 years of history as an industrial operator. Formerly owned by the State of Finland, Valmet was reborn in December 2013 with the demerger of the pulp, paper and power businesses from Metso Corporation. Valmet's services include maintenance outsourcing, mill and power plant improvements, and spare parts. The company provides technology for pulp, tissue, board and paper mills and bioenergy plants. Valmet has operations in more than 40 countries and it employs about 17,000 people. Its headquarters are located in Espoo, and it is listed on the Nasdaq Helsinki. In 2021, Valmet's net sales totaled €3.9 billion. History Historical products During its history, Valmet has made ships, trains, aeroplanes, tractors, clocks and weapons, as described in the list of Valmet products. Roots in the 18th century Th ...
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War Reparations
War reparations are compensation payments made after a war by one side to the other. They are intended to cover damage or injury inflicted during a war. History Making one party pay a war indemnity is a common practice with a long history. Rome imposed large indemnities on Carthage after the First (Treaty of Lutatius) and Second Punic Wars. Some war reparations induced changes in monetary policy. For example, the French payment following the Franco-Prussian war played a major role in Germany's decision to adopt the gold standard; the 230 million silver taels in reparations imposed on defeated China after the First Sino-Japanese War led Japan to a similar decision. There have been attempts to codify reparations both in the Statutes of the International Criminal Court and the UN Basic Principles on the Right to a Remedy and Reparation for Victims, and some scholars have argued that individuals should have a right to seek compensation for wrongs they sustained during warfare ...
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