Ahlstrom Corporation PRESS RELEASE October 20, 2016 at 15:15
Ahlstrom to increase current filtration portfolio by investment in Madisonville, USA
Ahlstrom, a global leader in filtration materials, will invest into engine and industrial filtration product capabilities at its Madisonville plant in Kentucky, USA. The total investment is approximately EUR 23 million and it will be completed during the first half of 2018.
Fulvio Capussotti, Executive Vice President of Business Area Filtration & Performance, states on the investment:
"Ahlstrom is a leading global manufacturer of engine and industrial filtration materials with production sites across four continents. As a commitment to our key filtration customers we are widening our filtration products portfolio with the state of the art equipment. This is an important step in strengthening our focus on both North and South America."
For more information please contact:
Fulvio Capussotti, Executive Vice President, Filtration & Performance
Tel. +39 340 8689442
Investor Relations & Financial Communications Manager
Tel. +358 10 888 4731
Ahlstrom in brief
Ahlstrom provides innovative fiber-based materials with a function in everyday life. We are committed to growing and creating stakeholder value by proving the best performing sustainable fiber-based materials. Our products are used in everyday applications such as filters, medical fabrics, life science and diagnostics, wallcoverings, tapes, and food and beverage packaging. In 2015, Ahlstrom's net sales amounted to EUR 1.1 billion. Our 3,300 employees serve customers in 22 countries. Ahlstrom's share is quoted on the Nasdaq Helsinki. More information is available at www.ahlstrom.com.