Ahlstrom, a global leader in nonwovens and specialty papers, will invest into additional capacity in transportation filtration material at its site in Turin, Italy. The total investment is approximately EUR 17.5 million and it will be completed in the fourth quarter of 2012.
Tommi Björnman, Executive Vice President, Filtration, states on the investment.
'We have been pleased to grow with our key customers and as a commitment to the filtration business we are expanding the operation with state of the art equipment. This is an important step in our global growth roadmap where we have strengthened our global platform first in Asia and now in Europe. We will also continue to keep our focus on the Americas - both North and South America - hence being a global supplier in the filtration market with a full offering of filter media.'
Ahlstrom is a leading manufacturer of filtration materials with 11 production sites across four continents. The company acquired in September a transportation filtration material plant in Binzhou, China.
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.