In relation to the investment Jukka Moisio, President of the FiberComposites division said, "at Ahlstrom, we constantly look for ways to provide our global customers with increased capacity to meet their changing needs. This investment is further proof of this commitment by expanding our offering to different markets which are showing healthy global growth. This investment will allow us to be flexible in our output and innovative in our new product developments across a number of diverse markets".
The investment will begin immediately and commercial output from the rebuilt production line is expected in mid 2004. Normal production will continue throughout the process.