Ahlstrom`s ownership in Jujo Thermal to increase to 50%


Source: Ahlstrom-Munksjö

Ahlstrom Corporation PRESS RELEASE April 2, 2012 at 14.00

Ahlstrom, a high performance materials company, announces that its ownership in associated company Jujo Thermal Ltd. will increase to 50% from the current 41.7%. 

Jujo Thermal has decided to redeem the shares of its minority shareholder Mitsui & Co. Ltd. As a result, Jujo Thermal's remaining shareholders Nippon Paper Group and Ahlstrom Corporation each own 50% of the company. Ahlstrom will continue to include Jujo Thermal's financial figures in its consolidated financial statements as an associated company.   

Jujo Thermal is one of the world's leading suppliers of durable direct thermal papers for label, tickets and tags and point-of-sales use. The company is based in Kauttua, Finland.

For more information, please contact:
Liisa Nyyssönen
Vice President, Communications
Tel. +358 10 888 4757

Ahlstrom in brief
Ahlstrom is a high performance materials company, partnering with leading businesses around the world to help them stay ahead. Our products are used in a large variety of everyday applications, such as filters, wallcovers, flooring, labels and food packaging. We have a leading market position in the businesses in which we operate. Our 5,200 employees serve customers in 28 countries on six continents. In 2011, Ahlstrom's net sales amounted to EUR 1.6 billion. The company's share is quoted on the NASDAQ OMX Helsinki. More information is available at www.ahlstrom.com.



This announcement is distributed by Thomson Reuters on behalf of Thomson Reuters clients.

The owner of this announcement warrants that:
(i) the releases contained herein are protected by copyright and other applicable laws; and
(ii) they are solely responsible for the content, accuracy and originality of the
information contained therein.

Source: Ahlstrom Oyj via Thomson Reuters ONE

Customer comments

No comments were found for Ahlstrom`s ownership in Jujo Thermal to increase to 50%. Be the first to comment!