Ahlstrom has concluded negotiations regarding transfer of its liquid filtration converting activities from its Mt. Holly Springs, PA, USA site

Ahlstrom Corporation STOCK EXCHANGE RELEASE 10.11.2006 at 15.00
Ahlstrom, a leader in high-performance fiber-based materials expects to move its Mount Holly Springs, PA, USA, liquid filtration converting business to another Ahlstrom facility in Bishopville, SC, USA in February 2007.
Negotiations with the local trade union regarding the transfer have been concluded setting the guidelines for the severance of approximately 60 employees. The transfer does not affect paper production, R&D, customer service and administrative functions that will remain in Mt. Holly Springs.
As a consequence of the transfer, Ahlstrom estimates to book a non-recurring cost of approximately EUR 1 million in its Q4 result for 2006.
For further information, please contact:
Jukka Moisio, President and CEO, Ahlstrom Corporation, tel. +358 10 888 4700
Kelly Rennels, General Manager, Mt. Holly Springs, tel. +1 717 486 6429
Trade press contact:
Jérome Barrillon, Director Marketing Filtration, tel. +1 860 997 6126
Helsinki Stock Exchange
Main media
Ahlstrom in brief
Ahlstrom is a global leader in the development, manufacture and marketing of high performance fiber-based materials. Nonwovens and specialty papers, made by Ahlstrom, are used in a large variety of everyday products, e.g. in filters, wipes, flooring, labels, and tapes. The company has a strong market position in several business areas in which it operates, built upon the company's unique fiber expertise and innovative approach. Ahlstrom's 5,700 employees serve customers via sales offices and production facilities in more than 20 countries on six continents. In 2005, Ahlstrom's net sales amounted to EUR 1.55 billion. Ahlstrom's share is listed on the Helsinki Stock Exchange. The company website is www.ahlstrom.com.
Share this pageShare this page