Ahlstrom to consolidate and expand its wiping fabrics capacity in Italy
Ahlstrom Corporation STOCK EXCHANGE RELEASE 4.5.2010 at 16.00
Ahlstrom, a global leader in the development and manufacture of high performance nonwovens and specialty papers, will consolidate its nonwoven wiping fabrics manufacturing platform in Italy, with the aim of increasing capacity, efficiency and breadth of product range.
The production of wipes will be located in two out of three existing manufacturing sites: Mozzate and Cressa, while the Carbonate plant will be closed. All the plants are located in the Milan region and belong to Home & Personal Nonwovens business area.
The consolidation will not have any major impact on personnel or cause significant non-recurring costs. The company plans to complete the project by early 2011.
Ahlstrom is a leading manufacturer of wiping fabrics, offering a broad range of materials and technologies for diverse wiping applications. The company manufactures wiping fabrics at its sites across Europe, USA and South America.
For further information, please contact:
Seppo Parvi, CFO, tel. +358 10 888 4768
Jean-Marie Becker, Executive Vice President, Home & Personal Nonwovens, tel. +33 476 45 35 15
NASDAQ OMX Helsinki
Ahlstrom in brief
Ahlstrom is a global leader in the development, manufacture and marketing of high performance nonwovens and specialty papers. Ahlstrom´s products are used in a large variety of everyday applications, such as filters, wipes, flooring, labels, and tapes. Based upon its unique fiber expertise and innovative approach, the company has a strong market position in several business areas in which it operates. Ahlstrom's 5,800 employees serve customers via sales offices and production facilities in more than 20 countries on six continents. In 2009, Ahlstrom's net sales amounted to EUR 1.6 billion. Ahlstrom's share is quoted on the NASDAQ OMX Helsinki. The company website is at www.ahlstrom.com.