Ahlstrom puts two European specialty paper plants under review

Ahlstrom Corporation STOCK EXCHANGE RELEASE 10.10.2007 at 14.15

 

Ahlstrom, a global leader in high performance fiber-based materials, announced today that it will put its Ascoli plant in Italy and Chantraine plant in France under review due to unsatisfactory profitability and cash flow. Both facilities are part of Ahlstroms Label & Packaging Papers business area and produce one-side coated papers for wet glue labeling, flexible packaging, and graphical end uses, mainly for the Western European markets.

 

The company evaluates the long-term economic viability of the plants and the options to either sell or close the facilities under review.

 

The plants have an annual production capacity of approximately 100,000 tons and they employ approximately 300 persons. The current combined book value of the plants is EUR 5 million.

 

The progress of the review will be reported during the fourth quarter of 2007.

 

Ahlstrom Corporation

Jukka Moisio, President & CEO

 

 

Jukka Moisio, President & CEO, Ahlstrom Corporation, tel. +358 (0)10 888 4700
Jari Mäntylä, CFO, Ahlstrom Corporation, tel. +358 (0)10 888 4768

Distribution:
Helsinki Stock Exchange
Main media
www.ahlstrom.com

 

 

 

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 6,200 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.