Ahlstrom Corporation PRESS RELEASE 20.5.2011 at 10.30
Ahlstrom, a global high performance materials company, will invest into additional capacity in transportation filtration materials at its site in Louveira, Brazil. The investment will be completed in the first quarter of 2012.
'We have been pleased to grow with our key customers and as a commitment to the filtration business we are expanding the operation. This is another important step in our global growth roadmap where we have strengthened our global platform in Europe, Asia, and now in South America. We will continue to keep our focus on our markets in all four geographies - enabling Ahlstrom to be a global supplier in the filtration market with a full offering of filter media', states Gary Blevins, Vice President, Transportation Filtration.
Ahlstrom is a leading manufacturer of filtration materials globally with 11 production sites across four continents. In 2010, the company acquired a transportation filtration plant in Binzhou, China and announced a EUR 17.5 million investment to expand capacity in Turin, Italy.
Vice President, Communications
+358 10 888 4757
Gary L. Blevins
Vice President, Transportation Filtration
+1 864 643 9877
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, wipes, flooring, labels and food packaging. We have a leading market position in the businesses in which we operate. Our 5,700 employees serve customers in 26 countries on six continents. In 2010, Ahlstrom's net sales amounted to EUR 1.9 billion. The company's share is quoted on the NASDAQ OMX Helsinki. More information available at www.ahlstrom.com.
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Source: Ahlstrom Oyj via Thomson Reuters ONE