Valteo

Revision as of 21:41, 6 March 2024 by Maltropia (talk | contribs) (Text replacement - "Källalivi" to "Källälivi")
Jump to navigation Jump to search
Valteo Oyj
Formerly
Valtion Teollisuuset Oyj
IndustryConglomerate
FateSplit
FoundedMarch 26, 1927; 97 years ago (1927-03-26) in Källälivi, Valkea
DefunctMay 10, 1992 (1992-05-10)
Headquarters,
Products
  • aeronautics
  • automobiles
  • chemicals
  • construction
  • electronics
  • heavy industries
  • lumber
  • mining
  • semiconductors
  • shipbuilding

Valteo Oyj was a Valkean state-run multinational conglomerate established in 1927 and operated until its dissolution in 1992. At its peak, Valteo was the largest manufacturing conglomerate in Valkea and one of the largest in Astyria, operating in various industries such as aeronautics, shipbuilding, chemicals, automobiles, construction, mining, lumber, and electronics. It was dissolved in 1992 due to financial insolvency and disbanded into several companies. Many of its successors such as Valkean Electric, Valteo Motor Group, and Valteo Heavy Industries remain as some of Valkea's largest corporations.

History

Founding years (1927-1940)

Growth (1941-1955)

Zenith (1956-1970)

Financial troubles (1971-1992)

Bankruptcy and breakup

Successor companies

Valteo's breakup resulted in the creation of several successor companies, many of which still control a large portion of Valkea's key industries. These include: