Ahlstrom-Munksjö acquires land next to its Louveira plant in Brazil
AHLSTROM-MUNKSJÖ OYJ PRESS RELEASE DECEMBER 22, 2017 at 8:00 A.M. CET
Ahlstrom-Munksjö taking the first step towards a potential capacity expansion plan at its Louveira plant in Brazil.
“Demand for filtration media in South America is expected to continue to grow in the coming years and we clearly foresee the need to increase capacity in the future to support the growing demand for filtration media in the region” states Fulvio Capussotti, Executive Vice President of the Business Area Filtration & Performance.
“The acquisition of this land constitutes an important steps towards our overall ambition to further develop an industrial platform in South America that will enable us to continue to support our filtration customers in the region for the years to come” he adds.
The Louveira plant is located in the San Paolo region in Brazil, employs around 110 people and manufactures filtration media for transportation and industrial applications.
For further information, please contact:
Juho Erkheikki, Investor & Media Relations Manager
Tel. +358 50 413 45 83, juho.erkheikki@ahlstrom-munksjo.com
Fulvio Capussotti, Executive Vice President, Filtration & Performance
Tel. +39 340 8689442, fulvio.capussotti@ahlstrom-munksjo.com
Ahlstrom-Munksjö in brief
Ahlstrom-Munksjö is a global leader in fiber-based materials, supplying innovative and sustainable solutions to customers worldwide. Our offerings include decor paper, filter media, release liners, abrasive backings, nonwovens, electrotechnical paper, glass fiber materials, food packaging and labeling, tape, medical fiber materials and solutions for diagnostics. Combined annual net sales are about EUR 2.15 billion and we employ 6,000 people. The Ahlstrom-Munksjö share is listed on the Nasdaq Helsinki and Stockholm. The company was formed on April 1, 2017 through the merger of Ahlstrom Corporation and Munksjö Oyj. Read more at www.ahlstrom-munksjo.com.
