Valteo
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Formerly | Valtion Teollisuuset Oyj |
---|---|
Industry | Conglomerate |
Fate | Split |
Founded | March 26, 1927Källälivi, Valkea | in
Defunct | May 10, 1992 |
Headquarters | , |
Products |
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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: