Ahlstrom Corporation PRESS RELEASE 19.11.2010 at 10.00
Ahlstrom has completed its internal investigation on the business conduct of the company's representative at its manufacturing plant in Mundra, India. The investigation concerned possible unethical behavior in handling relationships with authorities. Ahlstrom announced the initiation of the investigation on October 22, 2010.
The investigation was carried out by an external third party, KPMG. No illegalities were found in relation to the actions of the company's representative regarding contacts with authorities.
Ahlstrom has decided to further specify and develop its Code of Conduct in relation to, for example, reporting and documentation in connection with dealings with authorities and other external parties. Furthermore, training of management and personnel with respect to the Code of Conduct will be increased, especially in the emerging markets.
Ahlstrom has a strict Code of Conduct, and the compliance with the code is supervised on a continuous basis.
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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.