AHLSTROM OYJ PRESS RELEASE MARCH 13, 2023 at 13:50 EET
Ahlstrom has today launched a consultation process with employee representatives at its Stenay plant in France about the possibility to divest the plant, and if a buyer cannot be found considering closure.
Stenay plant produces one-side coated specialty papers for specific uses in the packaging sector where there is overcapacity in Europe and competition with machines with a more competitive cost structure. The plant has an annual capacity of approximately 55,000 tons of specialty paper and has 127 employees.
Despite thorough review of different options and attempts to develop potential new products, Ahlstrom has not been able to find solutions that would enable the Group to continue operating the Stenay plant. Therefore, after having carefully studied all possible scenarios, Ahlstrom is now planning to divest the site and if a buyer cannot be found considering closure.
“We understand that this is a difficult time for our employees at Stenay, and we will do our utmost to evaluate all viable alternatives for the site to mitigate possible unfavorable social impacts. Should we be unable to find a solution, we would work closely together with other Ahlstrom locations, the city of Stenay, the Meuse locality and other stakeholders to support all potentially affected employees”, says Mark Ushpol, EVP, Food and Consumer Packaging division.
For further information, please contact:
Katja Ollila, VP, Group Marketing and Communications, firstname.lastname@example.org, tel. +358 44 517 0891
Ahlstrom in brief
Ahlstrom is a global leader in combining fibers into sustainable specialty materials. Our purpose is to Purify and Protect, with Every Fiber, for a Sustainable World. Our vision is to be the Preferred Sustainable Specialty Materials Company for all our stakeholders. We serve five growing and distinctive end markets, which form the basis for our five divisions: Filtration, Food & Consumer Packaging, Healthcare, Building Materials, and Technical Materials. Our net sales 2022 for continuing operations amounted to EUR 3.3 billion and we employ some 7,000 people. Read more at www.ahlstrom.com