Building on a foundation of strong business ethics, we work to achieve lasting profitability through a robust innovation platform to develop new sustainable fiber-based solutions. Our success over time supports greater opportunities for our team members and in our communities, investments in environmental efficiencies and improvements, and the development of new products that can help our customers advance their own sustainability journeys.


At Ahlstrom-Munksjö, we aim for long-term profitability through measures to increase operational efficiency, profitable growth, product and service leadership, and a strong innovation platform.

Profitability Targets 2019-2020

EBITDA margin above 14% over a business cycle

Net gearing below 100%

A stable, over time increasing dividend, paid four times a year



Innovation enables Ahlstrom-Munksjö to continue to increase our offerings of products, services, applications, and solutions that address sustainable functionality and design.

Innovation Targets 2019-2020

From a baseline established in 2019, additional targets for the design process and new products will be developed


Creating Sustainable Products

In 2018, Ahlstrom-Munksjö developed a new and much expanded version of its EcoDesign Tool. The new tool was implemented in 2019 as an important part of the company’s sustainability strategy. The principle is simple: new products should provide a more sustainable solution than the existing products. This is achieved by using the EcoDesign Tool to evaluate the performance of the potential new product against a set of criteria and by comparison with an existing product.


Imagine Fiber

"We have a very robust R&D program that looks at how we can use fibers to replace plastics and create a more biodegradable, compostable solution. Our Imagine Fiber tagline really carries weight as we look at how we develop products and sustainable solutions."

Zack Leimkuehler, Head of Business & Product Development for Ahlstrom-Munksjö North America Specialty Solutions

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Ahlstrom-Munksjö Joins Sherpack

In 2018 Ahlstrom-Munksjö joined five other partners in the European Sherpack project which aims to develop a new biodegradable flexible cellulose-based packaging material. Usually flexible packaging contains a plastic film and/or an aluminum foil to create a barrier to water vapor, oxygen, and contaminants. Plastic and aluminum tend however to be either burned or end up in landfills. The new flexible packaging material will instead be 100% based on cellulose and recyclable and compostable. The ambition is to have a flexible packaging material ready by 2021.


Business Ethics

Ahlstrom-Munksjö is committed to conducting our business ethically and responsibly in local and global communities. To meet our Business Ethics goals, we are advancing the new Code of Conduct awareness and training opportunities for employees across the company. 

We encourage reporting of all potential violations of our Code of ConductSustainability Policies & Commitments, or any other legal requirement to a dedicated and confidential mailbox,

Business Ethics Targets 2019-2020

All employees confirm Code of Conduct awareness through Code of Conduct training program by end of 2020


Anti-Bribery Policy

Ahlstrom-Munksjö is committed to conduct all of its business in an honest and ethical manner. Thus, it is our firm Group-wide policy that Ahlstrom-Munksjö Group and its Business Partners are strictly forbidden to engage in, participate in, or encourage any form of bribery in order to obtain business, to secure favourable treatment or for any other corrupt purpose. This includes, among others, offering, giving, requesting and accepting bribes either directly or indirectly.

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Tax Policy

Ahlstrom-Munksjö acknowledges that aggressive tax planning and artificial arrangements purely aiming at achieving tax benefits are not in line with good corporate citizenship and constitutes a direct threat to the company’s brand and reputation. Such arrangements are therefore strictly prohibited according to the Group’s policy. No transaction is to be executed solely based on tax planning schemes.

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High Marks for Good Conduct

In order to make sure that all employees are both aware of and understand Ahlstrom-Munksjö’s Code of Conduct (CoC), an e-learning course in 12 different languages was launched late 2018. Topics and case examples include situations of possible conflicts of interest, unethical business practices and potential bribery. Most employees are expected to have completed the course in the first quarter 2019 and it will then form part of Ahlstrom-Munksjö’s introduction package for new hires.


Learn more about our work in each of these areas in our Annual and Sustainability Report. 

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