Ahlstrom to invest EUR 23 million in new nonwovens capacity in Brazil and France
Oct 27, 2006, Ahlstrom, a global leader in high performance fiber-based materials, today announced it will invest approximately EUR 17 million in a new wiping fabrics production line in Louveira, Brazil. Further, Ahlstrom will make an investment of approximately EUR 6 million in new industrial nonwoven production capacity at its plant in Brignoud, France. Both investments support Ahlstrom’s global growth strategy.
The new wiping fabrics production line in Brazil will utilize spunlace technology and its main customers operate within the household and industrial wipes sectors in Latin America. The market for wiping fabrics in Latin America is anticipated to grow 10-20% annually. The investment consists of a building and machinery, and the line is estimated to be operational in early 2008. Ahlstrom currently operates a filtration plant in Louveira.
The new industrial nonwovens production line in France utilizing needlepunch technology expands and diversifies the company’s industrial nonwovens product offering. It is primarily targeted to serve Ahlstrom’s existing customers within the building, graphics, automotive, wipes and niche hygiene sectors. Global markets for needlepunch products are estimated to grow 7% annually. The investment consists of machinery to be installed in an existing plant in Brignoud and the line is estimated to be operational in late 2007.
“The new wiping fabrics line in Brazil makes Ahlstrom the first dedicated wiping fabrics producer in Brazil. It increases Ahlstrom’s presence in Latin America and introduces new innovative products to the fast growing wipes markets in the area. The investment in France opens up new market opportunities”, says Claudio Ermondi, Senior Vice President, Nonwovens.
“Organic investments in fast growing product segments are high on our growth agenda. Located in or close to our existing production plants, they enable us to benefit from operating leverage”, comments Jukka Moisio, President and CEO of Ahlstrom Corporation.
Ahlstrom in brief
Ahlstrom is a global leader in the development, manufacture and marketing of high performance fiber-based materials. Nonwovens and specialty papers, made by Ahlstrom, are used in a large variety of everyday products, e.g. in filters, wipes, flooring, labels, and tapes. The company has a strong market position in several business areas in which it operates, built upon the company’s unique fiber expertise and innovative approach. Ahlstrom’s 5,800 employees serve customers via sales offices and production facilities in more than 20 countries on six continents. In 2005, Ahlstrom’s net sales amounted to EUR 1.55 billion. Ahlstrom’s share is listed on the main list of the Helsinki Stock Exchange. The company website is www.ahlstrom.com.
- Contact Information
- Jukka Moisio
- President and CEO
- Ahlstrom Corporation
- Contact via E-mail
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