Ahlstrom Corporation PRESS RELEASE September 11, 2012 at 10.00
Ahlstrom, a high performance materials company, will invest into additional capacity in filtration materials at its site in Turin, Italy. The investment will be operational by the third quarter of 2013 and will consist of an upgrade to a paper machine producing filter media for transportation and gas turbine applications.
Total investment is approximately EUR 10 million and it will significantly increase the Turin plant capacity to supply filter media to customers globally.
"This investment is another important step in our growth roadmap, where we are strengthening our platform in Europe. By expanding our filtration operations, we are reinforcing our position as a global supplier in the filtration market with a full offering of filter media," said Tommi Björnman, Executive Vice President Filtration.
"Our global filtration platform has grown significantly in the past two years, with the recent investments in the new saturator line in Turin, the expansion at our plant in Louveira in Brazil and the acquisition and the expansion of the Binzhou plant in China. We will continue to work with our customers to grow in regions where they are focused," added Gary Blevins, Vice President, Transportation Filtration.
Ahlstrom is a leading manufacturer of filtration materials with 11 production sites producing filter media across four continents.
For more information, please contact:
Executive Vice President, Filtration
Tel: +358 10 888 0
Vice President, Transportation Filtration
Tel: +1 864 643 9877
Vice President, Communications
Tel: +358 10 888 4757
Ahlstrom in brief
Ahlstrom is a high performance materials company, partnering with leading businesses around the world to help them stay ahead. Our products are used in a large variety of everyday applications, such as filters, medical gowns and drapes, wallcoverings, flooring, labels and food packaging. We have a leading market position in the businesses in which we operate. Our 5,200 employees serve customers in 28 countries on six continents. In 2011, Ahlstrom's net sales amounted to EUR 1.6 billion. The company's share is quoted on the NASDAQ OMX Helsinki. More information available at www.ahlstrom.com.