Ahlstrom Corporation PRESS RELEASE 27.9.2010 at 9.00
Ahlstrom Group, a leading developer and manufacturer of nonwovens and specialty papers, today celebrates the inauguration of its new facility in Binzhou, Shandong province, in northeastern China. The plant produces transportation filtration materials and currently employs 170 people. Ahlstrom acquired the plant from Purico Group which it announced earlier this month.
According to Ahlstrom's President & CEO Jan Lång the acquisition plays a significant role in Ahlstrom's growth strategy in Asia.
"In addition to Ahlstrom´s strong footprint in Europe and the Americas, we have lately started to establish a solid manufacturing platform in Asia as well. Ahlstrom´s strengthened presence in China will also help us to better serve our global customers based in the area, increase our market share and build a platform for further growth in the region. As China is among the world's fastest growing major economies and the the industry of filtration media for transportation is growing at an annual rate of over 10%, the market in the country is expected to grow significantly in the coming years", Jan Lång says.
In addition to the Binzhou plant, Ahlstrom has three other manufacturing sites in Asia: one in Hyun Poong, South Korea, one in Mundra, India, and one in Wuxi, China. The Hyung Poong plant also manufactures filtration materials for automotive industry where as the Mundra plant produces nonwoven fabrics for the medical market and the Wuxi site for dust filtration. In addition to the manufacturing plants, Ahlstrom has sales offices in nine major cities in Asia. Altogether, Asia currently accounts for about 10% of the Group's net sales.
Binzhou region in brief
· The town of Binzhou is located on the northern part of the Shandong province, on the northern bank of the Yellow River
· The population of Binzhou town is around 3,600,000
· Several international companies have manufacturing presence in Binzhou
Jan Lång, President & CEO, tel. +358 10 888 4700
Tommi Björnman, Executive Vice President, Filtration, tel. +39 011 926 0111
Roberto Boggio, Vice President, Filtration, Asia, tel. +82 53 611 0491/92
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.