AHLSTROM-MUNKSJÖ OYJ PRESS RELEASE, September 23, 2020 at 12:00 noon EEST
Ahlstrom-Munksjö invests in a more sustainable coating machine in Billingsfors, Sweden, to enable formaldehyde free balancing and finish foils for furniture, as well as building and construction industries. The new machine is expected to be fully commissioned in the fourth quarter of 2021.
In addition to enabling formaldehyde free coating, the new coating machine will also reduce CO2 emissions by an estimate of 20%, further strengthening Ahlstrom-Munksjö’s position as a supplier of sustainable fiber-based solutions.
The approximately EUR 7 million investment is expected to increase the plant’s manufacturing capacity and allow expansion to new geographical markets. It also increases utilization of the pulp mill at the plant.
“This investment will enable us to offer more sustainable coated paper and unbleached pulp products for our customers and expand to new customer and market segments world-wide. I am equally excited that it will contribute to our group target of reducing carbon dioxide emissions and allow us to abandon the use of formaldehyde which will improve the safety of our employees,” said Eva Thunholm, Vice President, Insulation business.
For further information, please contact:
Johan Lindh, Vice President, Group Communications and Investor Relations, +358 10 888 4994
Dan Adrianzon, Executive Vice President, Industrial Solutions, +46 10 250 10 09
Ahlstrom-Munksjö in brief
Ahlstrom-Munksjö is a global leader in fiber-based materials, supplying innovative and sustainable solutions to its customers. Our mission is to expand the role of fiber-based solutions for sustainable everyday life. Our offering include filter materials, release liners, food and beverage processing materials, decor papers, abrasive and tape backings, electrotechnical paper, glass fiber materials, medical fiber materials and solutions for diagnostics as well as a range of specialty papers for industrial and consumer end-uses. Our annual net sales is about EUR 3 billion and we employ some 8,000 people. The Ahlstrom-Munksjö share is listed on the Nasdaq Helsinki and Stockholm. Read more at www.ahlstrom-munksjo.com