Ahlstrom Corporation, a global leader in nonwovens and specialty papers, today announces that it has signed a EUR 45 million loan agreement with the European Investment Bank.
The loan will be used for research and product development and innovation purposes in the years 2010 to 2013 at Ahlstrom's sites in Finland, France, Germany and Italy. The final repayment date of the loan is 7 years from drawdown.
Ahlstrom in brief
Ahlstrom is a global leader in the development, manufacture and marketing of high performance nonwovens and specialty papers. Ahlstrom´s products are used in a large variety of everyday applications, such as filters, wipes, flooring, labels, and tapes. Based upon its unique fiber expertise and innovative approach, the company has a strong market position in several business areas in which it operates. Ahlstrom's 5,800 employees serve customers via sales offices and production facilities in more than 20 countries on six continents. In 2009, Ahlstrom's net sales amounted to EUR 1.6 billion. Ahlstrom's share is quoted on the NASDAQ OMX Helsinki. The company website is at www.ahlstrom.com.