Investments

Capital expenditure is expected to be approximately EUR 170 million in 2019 (pro forma EUR 176 million in 2018). Annual maintenance capital expenditure is about EUR 100 million.

New investments decisions

Insulation

On April 10, 2018, Ahlstrom-Munksjö announced investments of about EUR 27 million in improved financial and environmental performance. The investments include rebuilding a recovery boiler at the Billingsfors plant and modernizing a bailing line at the Aspa pulp mill, both located in Sweden and part of the Industrial Solutions business area.

Medical

On April 23, 2018, Ahlstrom-Munksjö announced an investment of about EUR 4 million in the Medical business, where it will rebuild a converting line of sterilization wrap being produced at its Pont Audemer plant in France.

Filtration

On June 18, 2018, Ahlstrom-Munksjö announced an investment of about EUR 28 million to expand manufacturing capacity as well as the product capabilities of industrial filtration applications in Turin, Italy as well as in Ställdalen, Sweden and Malmedy, Belgium. The project will start in 2018 and is expected to be completed during the first half of 2020.

Beverage & Casing

On July 18, 2018, the company announced an investment of about EUR 28 million to reinforce its market position in biodegradable and compostable tea bag, coffee and meat casing materials in the Beverage & Casing business. The project includes purchasing a secondhand paper making line to be dismantled and transferred to the Chirnside manufacturing site in the UK. The machine is expected to be fully commissioned by the beginning of the fourth quarter of 2019

Coated Specialties

On August 30, 2018, Ahlstrom-Munksjö announced an investment of EUR 21 million in its Coated Specialties business to improve capabilities and flexibility at its Jacarei plant in Brazil and better serve customers in South America with a broader offering. The project is expected to be completed in the third quarter of 2019, and will expand the site’s capabilities of coating and calendering on the paper machine.

Release Liners, Filtration

On December 18, 2018 Ahlstrom-Munksjö announced an investment of approximately EUR 15 million to install a new co-generation plant at its Turin site in Italy. The investment allows the combined and efficient generation of power and steam needed for the site processes. The project will begin in the first half of 2019, and is expected to be completed by the first half of 2020.

Completed strategic investments

Decor

  1. Enhance the quality of pre-impregnated decor papers produced at Dettingen plant, Germany.
  2. The investment was approximately EUR 5 million in the Decor business, ramp-up started Q1 2019

Food Packaging

  1. Installation of a new parchmentizer line at the Saint Severin plant, France.
  2. The investment was approximately EUR 7 million, ramp-up started Q3 2018

Filtration

  1. Enhance the quality and widen the range of engine and industrial filtration materials being produced at the Madisonville plant in Kentucky, US
  2. The investment was approximately EUR 23 million, ramp-up started H2 2018

Abrasive backings

  1. Paper machine rebuild at Arches plant, France, to provide incremental capacity. After the rebuild, the machine continues to be able to produce both decor and abrasive backings.
  2. The investment was approximately EUR 14 million, ramp-up started Q1 2018 

North America Specialty Solutions

  1. New silicone coater providing incremental coating capacity and ability to increase production of a wide range of high-margin coated products.
  2. The investment was approximately EUR 14 million, ramp-up started Q1 2018

Updated: April 2019

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