Ahlstrom-Munksjö to invest into Genuine Vegetable Parchment products in France
AHLSTROM-MUNKSJÖ OYJ PRESS RELEASE JUNE 2, 2017 at 9:30 CEST
Ahlstrom-Munksjö will invest into new production capacity at its Saint Severin plant in France to meet the growing demand for Genuine Vegetable Parchment (GVP) products used mainly in baking and cooking papers as well as in other food packaging solutions. The total investment is approximately EUR 6.7 million.
The investment includes installing a new parchmentizer line as well as the building hosting it and a warehouse at the site. The project will be completed in the fourth quarter of 2018.
Ahlstrom-Munksjö’s GVP papers made out of 100% cellulose fibers with no chemical additives and most of its variants are biodegradable and home compostable. They offer optimal release, greaseproof and heat resistance properties, making them ideal for baking and cooking applications in both professional and domestic use. The market for GVP products is estimated to grow around 3-4% annually.
The Saint Severin plant, located in southwestern France, is part of the Specialties business area. Its main products include food and beverage packaging materials and it employs around 140 people.
For further information, please contact:
Juho Erkheikki, Investor & Media Relations Manager, tel. +358 50 413 45 83, firstname.lastname@example.org
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 2.15 billion and we employ 6,000 people. The Ahlstrom-Munksjö share is listed on the Nasdaq Helsinki and Stockholm. The company was formed on April 1, 2017 through the merger of Ahlstrom Corporation and Munksjö Oyj. Read more at www.ahlstrom-munksjo.com.