Ahlstrom-Munksjö responds to increasing demand for industrial filtration applications by investing EUR 28 million in its Filtration business
AHLSTROM-MUNKSJÖ OYJ, PRESS RELEASE, JUNE 18, 2018 at 16:45 EEST
Ahlstrom-Munksjö continues to grow its attractive Filtration business as customer demand increases globally. In the Filtration and Performance business area, the company will invest about EUR 28 million to expand manufacturing capacity as well as product capabilities. The project will start in 2018 and is expected to be completed during the first half of 2020.
Fulvio Capussotti, Executive Vice President of Business Area Filtration and Performance, states: “This investment will enable us to create additional capacity in Turin, Italy, and will allow us to support growing demand for high-end filtration materials. Turin is already Ahlstrom-Munksjö’s largest plant globally and this investment will further consolidate our position as one of the leading global platforms for high-performance filtration material development and production. This investment also includes rebuilding and modification of our existing plants in Malmedy, Belgium and in Ställdalen, Sweden. We see an opportunity to use the remaining capacity of these two plants to develop unique filtration solutions for industrial applications, without affecting our ability to serve and support our existing customers at these plants.”
The investment supports Ahlstrom-Munksjö’s strategic ambition to maintain a leading position in selected niches of the global fiber-based solutions market that offer positive growth outlook and are supported by sustainable market drivers. The company has responded to growing customer demand by successively expanding its filtration manufacturing capabilities globally through several new and expansionary investments in the past few years. Today, Ahlstrom-Munksjö is one of the global leaders in filtration materials for the transportation and industrial sectors.
The Filtration and Performance business area develops and produces filtration materials for transportation as well as industrial applications. It also produces glass fiber for flooring products and wind turbine blades and makes nonwoven materials for automotive, construction, textile and hygiene applications and wallcover materials.
For further information, please contact:
Johan Lindh, Head of Investor Relations, + 46 10 250 10 38, email: email@example.com
Juho Erkheikki, Investor Relations Manager, +358 10 888 47 31, email: firstname.lastname@example.org
Fulvio Capussotti, Executive Vice President, Filtration and Performance, tel. +39 340 8689442, email@example.com
Ahlstrom-Munksjö in brief
Ahlstrom-Munksjö is a global leader in fiber-based materials, supplying innovative and sustainable solutions to customers worldwide. Our offerings include decor paper, filter media, release liners, abrasive backings, nonwovens, electrotechnical paper, glass fiber materials, food packaging and labeling, tape, medical fiber materials and solutions for diagnostics. Combined annual net sales are about EUR 2.2 billion and we employ 6,000 people. The Ahlstrom-Munksjö share is listed on the Nasdaq Helsinki and Stockholm. Read more at www.ahlstrom-munksjo.com.