Ahlstrom to double its production capacity for specialty reinforcements in the USA

Ahlstrom to double its production capacity for specialty reinforcements in the USA

Ahlstrom Corporation STOCK EXCHANGE RELEASE 13.12.2007
 
Ahlstrom to double its production capacity for specialty reinforcements in the USA
 
Ahlstrom, a global leader in high performance fiber-based materials, announced today that it plans to double its production capacity for specialty glassfiber reinforcements in the USA to meet the fast growing demand especially within the wind energy markets. The capacity increase will be implemented in two phases by the end of 2011, and the total investment value is estimated to be approximately EUR 7 million.
 
In the first phase Ahlstrom will invest approximately EUR 3 million in 2008 and install new machinery at the facility. The second phase, in 2009-2011 will include new production lines, and the investment value is estimated to be approximately EUR 4 million. In North America, the annual growth in demand for reinforcements is expected to be 20% for the wind energy sector and 5% in the marine markets. The Bishopville facility currently serves both the North and South American reinforcement markets and will support the expansion of Ahlstrom's glass nonwovens production into Asia.
 
"We are pleased to see that our current and potential customers appreciate our presence in the American market. These investments will strengthen our commitment and support the growth in the wind and marine industries", says Tommi Björnman, Senior Vice President, Glass Nonwovens.
 
Ahlstrom Corporation
Jukka Moisio, President & CEO
 
For further information, please contact:
 
Tommi Björnman, Senior Vice President, Glass Nonwovens, tel. +358 50 526 1607
Wayne Merritt, General Manager, Specialty Reinforcements, tel. +1 803 423 6125

Distribution:
Helsinki Stock Exchange
Main media
www.ahlstrom.com
 
 
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, 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 6,500 employees serve customers via sales offices and production facilities in more than 20 countries on six continents. In 2006, Ahlstrom's net sales amounted to EUR 1.6 billion. Ahlstrom's share is listed on the Helsinki Stock Exchange. The company website is www.ahlstrom.com.
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