Ahlstrom-Munksjö to release additional capacity in Turin to support growing demand for filtration media
AHLSTROM-MUNKSJÖ OYJ PRESS RELEASE, JULY 26, 2017 at 14:00 CEST
Ahlstrom-Munksjö will release additional capacity at its Turin plant in Italy to meet the growing demand for engine and industrial filtration media.
Fulvio Capussotti, Executive Vice President of Business Area Filtration and Performance, states: “This capacity increase aims at improving our current service level but also, more strategically, enables us to offer to our customer an industrial platform on which they can build on to further grow their business. The plan will include investments on selected assets, re organization of planning practices and additional staffing. This capacity release will be concluded at the beginning of 2018 and will significantly increase our ability to answer the current and future needs of our filtration customers”.
The Turin plant is located in the Northern part of Italy, employs around 550 people and manufactures both filtration media and release papers for silicone coating.
The investment for increased capacity is included in the estimate for capital expenditure in 2017, as communicated in Ahlstrom-Munksjö’s half-year report, published on July 25, 2017.
For further information, please contact:
Juho Erkheikki, Investor & Media Relations Manager, tel. +358 50 413 45 83, firstname.lastname@example.org
Fulvio Capussotti, Executive Vice President, Filtration & 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 2.15 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.