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News - Ahlstrom-Munksjö Corporation

News - Ahlstrom-Munksjö Corporation

Newsgrafik #118927
 04.01.2018

Ahlstrom-Munksjö Oyj: Appointment in the Executive Management Team  (Company news)

Thomas Wulkan has been appointed Executive Vice President, Business Area Decor and member of Ahlstrom-Munksjö's Executive Management Team. Thomas Wulkan joined Ahlstrom-Munksjö on January 1, 2018, and reports to Jan Åström, President and CEO.

Thomas Wulkan’s previous experience includes various positions in General Management, Business Development and Finance within Svenska Cellulosa Aktiebolaget SCA, during 1992-2016. Most recently he served as President Business Unit Middle East, India and Africa, before that as President Business Unit Personal Care Europe (2009-2011) and as President Business Unit Americas (2006-2008).

"I'm very happy to welcome Thomas to our team. With his strong background and long experience from the paper industry, he will be an excellent driving force for the further development of our decor paper business, contributing to Ahlstrom-Munksjö's continued success and growth", says Jan Åström, President and CEO.

Norbert Mix, current Executive Vice President, Business Area Decor, will leave this position and the Executive Management Team as of January 1, 2018.

“I would like to warmly thank Norbert Mix for having headed the decor business for Ahlstrom-Munksjö and its predecessors for many years and strongly contributed in building our position as world-leading within decor paper." says Jan Åström, President and CEO.
(Ahlstrom-Munksjö Corporation)

Newsgrafik #117079
 26.05.2017

Ahlstrom-Munksjö Genuine Vegetable Parchment products  (Company news)

Ahlstrom-Munksjö announces 6% price increase on all Genuine Vegetable Parchment products

Ahlstrom-Munksjö, a global leader in sustainable and innovative fiber-based solutions, announces price increases on all Genuine Vegetable Parchment products produced by the Specialties business area allowing the Foodpack business unit to absorb the increasing cost of sales for this product group.

The price increase will be 6% and will be implemented as of July 1st, 2017.

Genuine Vegetable Parchment products are mainly used for Cooking and Baking, Food wrapping, Furniture laminates and Textile Tubes.

Ahlstrom-Munksjö 's Specialties business area products are used in a variety of applications including Food Packaging, Beverage, Labeling, Medical drape & Gowns, Masking Tape and Laboratory Filtration products. The Specialty business area has 14 production sites in 7 countries.
(Ahlstrom-Munksjö Corporation)

Newsgrafik #116965
 11.05.2017

Ahlstrom-Munksjö awarded with EcoVadis Gold rating for its CSR engagement   (Company news)

Ahlstrom-Munksjö awarded with EcoVadis Gold rating for its CSR engagement

Ahlstrom-Munksjö, a global leader in fiber-based materials, has been awarded with a Gold rating by EcoVadis, following to the assessment of the group’s Corporate Social Responsibility (CSR) engagement.

The Gold rating is a result of performance improvements in all four CSR dimensions assessed by EcoVadis; environment, labor practices, fair business practices, and sustainable procurement. It places the company among the top 1 percent of all suppliers evaluated by the platform, regardless of their industry.

“In the last few years we have worked hard to continuously improve performance and consistency in the area of sustainability and responsibility. I am very pleased by the recognition from EcoVadis and I’d like to thank all internal and external stakeholders who have contributed to the achievement,” says Anders Hildeman, Vice President Sustainability.
(Ahlstrom-Munksjö Corporation)

Newsgrafik #116681
 11.04.2017

Ahlstrom-Munksjö Oyj: The merger of Munksjö and Ahlstrom has been registered and ...  (Company news)

... the Board of Directors has elected the Chairman and Vice Chairmen

The merger of Munksjö and Ahlstrom has been registered and the Board of Directors has elected the Chairman and Vice Chairmen The completion of the merger of Ahlstrom Corporation into Munksjö Oyj was registered with the Finnish Trade Register on 1 April 2017. Following the completion of the merger, the name of the combined company has changed to Ahlstrom-Munksjö Oyj (“Ahlstrom-Munksjö”). Trading in the new Ahlstrom-Munksjö shares issued to Ahlstrom’s shareholders as merger consideration will commence today on the Nasdaq Helsinki (trading code: AM1) and Nasdaq Stockholm (trading code: AM1S) stock exchanges.

Hans Sohlström, Chairman of the Board of Ahlstrom-Munksjö, commented:
“With the completion of the merger, Ahlstrom-Munksjö is now devoted to further building its platform for profitable growth. The area of fiber-based materials, contributing to innovative solutions for sustainable end-products, is exciting and expected to enhance future competitiveness and unlock even greater value for our shareholders and customers. I am confident that the company’s combined experiences from earlier business combinations and integration processes will create the best prerequisites for both short-term and long-term performance.”

Jan Åström, President and CEO of Ahlstrom-Munksjö, continued:
“After months of preparations, we can finally start acting as one company. By bringing together our experience, skills and innovation capacity we can add further value to all customers and stakeholders. By being devoted to increase efficiency and lower costs without compromising on our quality leadership I am convinced that we will be able to achieve the communicated target of annual synergies of EUR 35 million and also to add top line opportunities. I am honored to lead our combined team of talented employees and look forward to our future as Ahlstrom-Munksjö.”

Ahlstrom-Munksjö’s Board of Directors following the completion of the merger consists of Sebastian Bondestam, Alexander Ehrnrooth, Johannes Gullichsen, Jan Inborr, Hannele Jakosuo-Jansson, Harri-Pekka Kaukonen, Mats Lindstrand, Anna Ohlsson-Leijon, Elisabet Salander Björklund, Peter Seligson and Hans Sohlström. The Board of Directors has elected Hans Sohlström as Chairman and Peter Seligson and Elisabet Salander Björklund as Vice Chairmen of the Board of Directors.

According to the charter of the Shareholders’ Nomination Board of Ahlstrom-Munksjö, the Chairman of the Board of Directors Hans Sohlström will also act as an expert member of the Shareholders’ Nomination Board. In addition, the Board of Directors has elected Peter Seligson as the second expert member of the Shareholders’ Nomination Board.

Following the registration of the completion of the merger and the new shares issued as merger consideration to Ahlstrom’s shareholders, the share capital of Ahlstrom-Munksjö amounts to EUR 85,000,000 and the total number of shares to 96,438,573.

Furthermore, following the completion of the merger, the effective date for the amendments to the terms and conditions of the EUR 100 000 000 senior unsecured callable fixed rate notes due 2019 (ISIN: FI4000108501, trading code: AMJ041219), originally issued by Ahlstrom Corporation and transferred to Ahlstrom-Munksjö in the merger, occurred on 1 April 2017.

The merger also constitutes a corporate restructuring event as defined under the terms and conditions of the EUR 100 million capital notes (ISIN: FI4000068911) (hybrid bond) originally issued by Ahlstrom Corporation and transferred to Ahlstrom-Munksjö in the merger. Ahlstrom-Munksjö has today decided to redeem the hybrid bond in accordance with its terms and conditions.

As previously communicated, the new financing arranged in connection with the merger also consists of multicurrency term facilities and a revolving credit facility, with Nordea and SEB as mandated lead arrangers and underwriters, as well as a bridge facility. The syndication of the term loan facilities and the revolving credit facility have also been completed as previously announced.
(Ahlstrom-Munksjö Corporation)

Newsgrafik #115952
 24.01.2017

Ahlstrom: Decisions taken by Munksjö's Extraordinary General Meeting   (Company news)

As announced on November 7, 2016, the Boards of Directors of Ahlstrom and Munksjö Oyj ("Munksjö") have agreed on combining the two companies through a statutory absorption merger (the "Merger"). The Merger is expected to be completed in the beginning of the second quarter of 2017 subject to, among other things, merger control approvals from relevant competition authorities.

Munksjö has published a stock exchange release regarding the decisions taken by its Extraordinary General Meeting held in Helsinki. In accordance with the proposals of Munksjö's Board of Directors, the Extraordinary General Meeting: (i) resolved to approve the Merger, including the approval of the merger plan and the amended Articles of Association of Munksjö, (ii) authorised Munksjö's Board of Directors to resolve on the payment of funds from Munksjö's reserve for invested unrestricted equity in the total amount of maximum EUR 0.45 per each outstanding share in Munksjö prior to the completion of the Merger, and (iii) resolved on the number, remuneration and election of the members of the Board of Directors of Munksjö. The changes to the Articles of Association, the number of members of the Board of Directors, the composition of the Board of Directors and the remuneration of the Board of Directors will become effective upon the registration of the execution of the Merger.
(Ahlstrom Corporation)

Newsgrafik #115819
 06.01.2017

Ahlstrom completes the sale of Osnabrück plant to Kämmerer  (Company news)

Ahlstrom has completed the sale of its German subsidiary with operations in Osnabrück to Kämmerer Paper Holding GmbH.

The transaction was announced on November 7, 2016. The parties have agreed not to disclose the purchase price of the transaction.
(Ahlstrom Corporation)

Newsgrafik #115733
 22.12.2016

Munksjö Oyj: Prospectus and certain other information published in relation to the merger of ...  (Company news)

... Munksjö and Ahlstrom

Photo: Munksjö’s current CEO, Jan Åström, will continue to serve as the CEO of the combined company

Prospectus and certain other information published in relation to the merger of Munksjö and Ahlstrom
● Merger prospectus, including unaudited pro forma financial information
● Management team, effective as of the completion of the merger, appointed and other governance topics related to the combined company published
● Changes to Munksjö’s long-term share-value based incentive program approved in June 2016
● Munksjö will record costs in connection to the merger of approximately EUR 6 million as items affecting comparability in the fourth quarter of 2016

Overview
As announced on November 7, 2016, the Boards of Directors of Munksjö Oyj (“Munksjö”) and Ahlstrom Corporation (“Ahlstrom”) have agreed on combining the two companies through a statutory absorption merger whereby Ahlstrom would be merged into Munksjö in such a manner that all assets and liabilities of Ahlstrom would be transferred without a liquidation procedure to Munksjö (the “Merger”). The shareholders of Ahlstrom would receive new shares in Munksjö as merger consideration in proportion to their existing shareholdings. Further, as announced on November 14, 2016, the Boards of Directors of Munksjö and Ahlstrom have proposed that the extraordinary general meetings of shareholders of Munksjö and Ahlstrom, both scheduled to be held on January 11, 2017, resolve on the Merger.

Publication of the merger prospectus
The Finnish Financial Supervisory Authority has approved the Finnish language version of the prospectus prepared in relation to the Merger and for the listing of the new shares in Munksjö to be issued as merger consideration. The Finnish language prospectus will be available on the internet at www.munksjo.com/ahlstrommunksjo/fin and www.ahlstrom.com/fi/Sijoittajat/ahlstromin-ja-munksjon-yhdistyminen/ on or about December 16, 2016, as well as at the reception of Nasdaq Helsinki Ltd at Fabianinkatu 14, FI-00100 Helsinki, Finland, at the registered office of Munksjö at Eteläesplanadi 14, FI-00130 Helsinki, Finland, and at the registered office of Ahlstrom at Alvar Aallon katu 3 C, FI-00100 Helsinki, Finland. The English language prospectus, together with the Swedish language summary, will be available on the internet at www.munksjo.com/ahlstrommunksjo and www.ahlstrom.com/en/Investors/ahlstrommunksjo-combination/ starting on or about December 16, 2016.

The prospectus contains the following previously unpublished information in relation to the Merger and the incentive program of Munksjö:

Management team and other governance topics related to the combined company
As previously communicated, Munksjö’s current CEO, Jan Åström, will continue to serve as the CEO of the combined company.

The business areas of the combined company will be led by an experienced team combining the talent of both companies:
● The Decor business area will be led by Norbert Mix.
● The Filtration and Performance business area will be led by Fulvio Capussotti.
● The Industrial Solutions business area will be led by Daniele Borlatto.
● The Specialties business area will be led by Omar Hoek.

The management of the combined company will also include an experienced team of functional managers:
● Sakari Ahdekivi will serve as Deputy CEO and Executive Vice President Corporate Development.
● Pia Aaltonen-Forsell will serve as Chief Financial Officer.
● Andreas Elving will serve as General Counsel.
● Åsa Jackson will serve as Senior Vice President Human Resources.
● Anna Selberg will serve as Senior Vice President Communications.

The new management team of the combined company will become effective as of the completion of the Merger.

It is currently proposed that, following the completion of the Merger, the combined company will continue to have its administrative head office in Stockholm, Sweden and supporting administrative functions in Helsinki, Finland. Final decisions regarding the location of the administrative head office functions will be taken as part of the integration process related to the Merger. Munksjö and Ahlstrom will consult and negotiate with relevant employees, their representatives and/or employee organisations regarding the consequences of such decision in accordance with the applicable legal requirements.

Changes to Munksjö’s long-term share-value based incentive program approved in June 2016
On December 16, 2016, the Board of Directors of Munksjö has decided to terminate Munksjö’s long-term share-value-based incentive program for the members of the Management Team and other key personnel of Munksjö approved in June 2016. The incentive program will terminate on a pro rata basis as of the completion of the Merger, thereby cancelling 7/12 of the program (the original award period would have terminated at the end of 2018 and the award would have been payable in the spring of 2019). The participants in the program will receive shares and cash pursuant to the terms of the program following the completion of the Merger and, in any case, no later than the date of the 2017 annual general meeting of Munksjö.

Munksjö will book items affecting comparability related to the Merger
Out of the costs related to the transaction, amounting to approximately EUR 8 million for Munksjö and recorded in other external costs in the income statement, approximately EUR 4 million will be recorded in the fourth quarter of 2016 and will be reported as items affecting comparability. The rest of the costs related to the transaction are expected to be booked at the time of the completion of the Merger.

Furthermore, Munksjö will in the fourth quarter of 2016 record approximately EUR 2 million of costs related to the long-term share-value-based incentive program, which is terminated as described above. These costs are also reported as items affecting comparability.

Unaudited pro forma financial information
The unaudited pro forma financial information included in the prospectus is attached as Annex 1 to this stock exchange release (any capitalized terms used in unaudited pro forma financial information and not defined therein shall have the meanings assigned to them in the prospectus).
(Munksjö Oyj)

Newsgrafik #115398
 11.11.2016

Ahlstrom to divest Osnabrück plant to Kämmerer  (Company news)

Ahlstrom has signed an agreement to sell its German subsidiary with operations in Osnabrück to Kämmerer Paper Holding GmbH.

The parties have agreed not to disclose the purchase price of the transaction.

Ahlstrom produces base papers for wallcovers, poster papers as well as release liners for self-adhesive labels at the Osnabrück plant, which is part of the Filtration & Performance business area. The sale will reduce Ahlstrom's annual net sales by about EUR 80 million and the impact on adjusted operating profit is slightly positive. The transaction will also include Ahlstrom's 50% stake in AK Energie (a joint venture with Kämmerer), which is the site's utility providing power and water treatment services.

The divestment will allow Ahlstrom to develop its other businesses more efficiently and pursue growth in areas aligned to the company's strategy.

Kämmerer is a specialty paper company operating two production lines at the same site, producing pre-impregnated decor papers and abrasive paper backings. The transaction is expected to be completed in January 2017.
(Ahlstrom Corporation)

Newsgrafik #115384
 10.11.2016

Ahlstrom and Munksjö to combine, creating a global leader in sustainable and innovative ...  (Company news)

...fiber-based solutions

The Boards of Directors of Munksjö Oyj ("Munksjö") and Ahlstrom Corporation ("Ahlstrom") announce the combination of the two companies through a merger.

Photo: Hans Sohlström, Chairman of the Board of Ahlstrom

-The combination will create a global leader in sustainable and innovative fiber-based solutions with preliminary combined annual net sales of approximately EUR 2.2 billion and adjusted EBITDA of EUR 249 millioni. The combined company will have approximately 6,200 employees as well as production in 14 countries.
-The combination is expected to create significant value for the stakeholders in the combined company through stronger global growth opportunities and improved operational efficiency. The combined company's growth ambitions will be supported by a strong balance sheet and strong cash flow generation.
-Annual cost synergies are estimated to be approximately EUR 35 million. The cost synergies are expected to be gradually realised over two years following completion of the combination with a more pronounced impact expected from the fourth quarter of 2017.
-The combination will be implemented as a statutory absorption merger whereby Ahlstrom will be merged into Munksjö.
-Ahlstrom's shareholders will receive as merger consideration 0.9738 new shares in Munksjö for each share in Ahlstrom owned by them, corresponding to an ownership in the combined company following the completion of the combination of approximately 52.8% for Munksjö shareholders and approximately 47.2% for Ahlstrom shareholders.
-Based on the one-month volume-weighted average share prices of both Munksjö and Ahlstrom, the corresponding ownership of Munksjö and Ahlstrom shareholders would have been approximately 52.1% / 47.9%, respectivelyii
-Based on the three-month volume-weighted average share prices of both Munksjö and Ahlstrom, the corresponding ownership of Munksjö and Ahlstrom shareholders would have been approximately 54.0% / 46.0%, respectivelyiii
-Munksjö and Ahlstrom propose to distribute funds in the total amount of approximately EUR 23 million each, corresponding to EUR 0.45 per share in Munksjö and EUR 0.49 per share in Ahlstrom, to their respective shareholders before the combination is completed in lieu of the companies' ordinary annual distribution.
-The completion of the combination is subject to, inter alia, approval by the Extraordinary General Meetings (each, an "EGM") of Munksjö and Ahlstrom, which are currently expected to be held on 11 January 2017, as well as merger control approvals from relevant competition authorities.
-The combined entity has obtained underwritten financing for the merger from Nordea and SEB.
-Shareholders holding in aggregate approximately 32.9% of the shares and votes in Ahlstrom and approximately 39.6% of the shares and votes in Munksjö, have irrevocably undertaken to attend the companies' respective EGMs and to vote in favour of the combination.
-The combination is expected to be completed in the beginning of the second quarter of 2017.
-Financial targets for the combined company are expected to include an EBITDA margin above 14% over a business cycle, net gearing below 100%, as well as a stable and annually increasing dividend.

Peter Seligson, Chairman of the Board of Munksjö, commented:
"After the very successful integration of our acquired businesses during the past years and strong operating performance, the combination with Ahlstrom is a natural first step in the execution of our growth strategy, combining two leading businesses into one strong engine for performance and growth. The combined company will be positioned for strong long term-financial returns partly through the significant communicated cost synergies but mainly through enhanced future competitiveness and growth opportunities."

Hans Sohlström, Chairman of the Board of Ahlstrom, continued:
"During the past two years the Ahlstrom management has executed a very focused and successful business turn-around by shedding costs and by focusing on commercial excellence with new products and value adding solutions for our customers. The financial results speak for themselves. The combination now enables us to directly jump into a growth mode with a much stronger balance sheet and greater earnings potential which will benefit our shareholders and our customers as well as other stakeholders. We will together be able to leverage several strategic advantages and we will focus on shareholder returns through increased profits as well as profitable global growth initiatives in the area of sustainable and innovative fiber-based solutions."

Jan Åström, President and CEO of Munksjö, commented:
"Munksjö and Ahlstrom are two solid and profitable companies with strong cash flows that already today have attractive positions within their respective businesses. Together we will form an even stronger growth platform supported by the cost synergies identified but also by the added top line opportunities. The offerings and market presences are complementary, enabling us to offer our customers a broader range of solutions with a truly global reach. Our collective quality leadership, know-how and innovation capacity will add further value to all customers. About 90 per cent of the combined company's products are made from renewable fibers, which will be increasingly important for our sustainability ambitions and footprint going forward."
(Ahlstrom Corporation)

Newsgrafik #115330
 03.11.2016

Ahlstrom to increase current filtration portfolio by investment in Madisonville, USA   (Company news)

Ahlstrom, a global leader in filtration materials, will invest into engine and industrial filtration product capabilities at its Madisonville plant in Kentucky, USA. The total investment is approximately EUR 23 million and it will be completed during the first half of 2018.

Fulvio Capussotti, Executive Vice President of Business Area Filtration & Performance, states on the investment:
"Ahlstrom is a leading global manufacturer of engine and industrial filtration materials with production sites across four continents. As a commitment to our key filtration customers we are widening our filtration products portfolio with the state of the art equipment. This is an important step in strengthening our focus on both North and South America."
(Ahlstrom Corporation)

Newsgrafik #113690
 11.05.2016

Tieto unterstützt IT-Transformation von Ahlstrom  (Firmennews)

Tieto und Ahlstrom schließen Vertrag über die schnellere und agilere Reaktion auf Ahlstroms geschäftliche Anforderungen

Tieto, der führende nordische Anbieter von Software und Dienstleistungen, und Ahlstrom, das weltweit agierende holzverarbeitende Unternehmen, haben vereinbart, ihre langjährige Geschäftsbeziehung zu verlängern und vertiefen nun ihre Zusammenarbeit im Bereich der Auftragserfüllung. Ziel dieser Vereinbarung für Ahlstrom ist es, das durchgängige Service-Management zu verbessern und effizienter zu gestalten.

Mit dem Vertrag übernimmt Tieto die komplette Verantwortung für Ahlstroms Dienstleistungen im Bereich Auftragserfüllung inklusive dem MES-System CarelMill und dem Order-to-Cash ERP-System OrderPlan. Zum 01.06.2016 werden sechs Mitarbeiter in Finnland, Großbritannien, der USA und Südkorea von Tieto zu den gleichen Bedingungen wie bisher übernommen.

„Tieto und Ahlstrom können auf eine über 20-jährige Kooperation zurückblicken. Seit zwei Jahren arbeitet Ahlstrom an der Transformation seiner IT-Funktion. Dieser Vertrag mit Tieto stärkt unsere Partnerschaft und baut unsere Fähigkeit, das Geschäft zu unterstützen, weiter aus. Die Zusammenarbeit wird diese Schlüsselkompetenzen auch in Zukunft sichern“, sagt Kristiina Lammila, CIO Ahlstrom.

„Wir wollen im Bereich Business Renewal die erste Wahl der Kunden sein und sind stolz darauf, dass Ahlstrom uns bei seiner Transformation weiter sein Vertrauen schenkt. Unser Ziel ist es, unsere Position als Partner für Business-Transformationen für Unternehmen in der Prozessindustrie zu vertiefen“, sagt Henrik Reims, Head of Forest, Tieto Corporation.
(Tieto Finland Oy)

Newsgrafik #112837
 17.02.2016

Ahlstrom announces its redefined strategy and new long-term financial targets   (Company news)

Ahlstrom announces its redefined strategy and new long-term financial targets extending to the year 2018 following a comprehensive review. We are committed to growing and creating stakeholder value by providing the best performing sustainable fiber-based materials. Our vision is to be our customers' first choice.

The needs of our customers are affected by end-user behavior, which challenges us to constantly develop and improve fiber-based material solutions. Global trends - growing global population and scarcity of resources, increased demand for greener and resource-efficient materials, emerging needs in healthcare, changes in demographics and urbanization - faced by our customers steer our product offering and provide us with a wealth of opportunities.

"To be the first choice of our customers, we need to be even better in anticipating end-user needs," says Ahlstrom's President & CEO Marco Levi (photo). "By providing innovative solutions, we help our customers succeed."

New roadmap
Ahlstrom's strategy is built on three key success factors: customer focused solutions with tailor-made products, leading technology and manufacturing platforms, global reach and local insights. Our mission is to provide innovative fiber-based materials with a function in everyday life.

As part of the implementation the company's business structure was simplified as of the beginning of this year and reorganized into two business areas: Filtration & Performance and Specialties. The aim of this change is to increase market and customer focus. Both segments have business unit specific strategies and operating models. This enables us to provide customer-driven product development and tailored customer service, cost efficiency, better allocation of resources, and specific go-to-market approaches.

"We believe that with our strategy we can achieve our vision," Levi continues. "However, for us to be the best possible partner for our customers, we need to make a shift in the execution."

The roadmap for execution outlines the change in strategy and is focused on commercial excellence, a new lean operating model, organic growth via higher asset turnover and growth via new platforms.

As part of the redefined strategy, the Board of Directors has approved Ahlstrom's new long-term financial targets over the economic cycle:
-Operating profit margin: Adjusted operating profit margin to be above 8% by 2018
-Gearing: Gearing to be maintained below 100%
-Dividend policy: We aim for a stable dividend, increasing over time, based on the annual net income performance

The adjusted operating profit margin excludes restructuring costs, impairment charges, capital gains or losses, and discontinued operations.
(Ahlstrom Corporation)

Newsgrafik #112790
 08.02.2016

Ahlstrom Financial Statements Bulletin 2015: Clear improvement in profitability in the ...  (Company news)

...last quarter of 2015

October-December 2015 compared with October-December 2014
-Net sales EUR 255.0 million (EUR 247.0 million), showing an increase of 3.2%.Comparable net sales at constant currencies declined by 2.4%.
-Operating profit EUR -16.4 million (EUR -4.3 million).
-Operating profit excluding non-recurring items EUR 7.6 million (EUR -1.8 million), representing 3.0% (-0.7%) of net sales, and the ninth consecutive quarter of year-on-year improvement.
-Profit before taxes EUR -20.5 million (EUR 5.7 million).
-Earnings per share EUR -0.46 (EUR 0.09).
-Net cash flow from operative activities EUR 23.3 million (EUR 18.9 million).

January-December 2015 compared with January-December 2014
-Net sales EUR 1,074.7 million (EUR 1,001.1 million), showing an increase of 7.4%. Comparable net sales at constant currencies declined by 0.7%.
-Operating profit EUR 21.9 million (EUR -3.7 million).
-Operating profit excluding non-recurring items EUR 47.5 million (EUR 28.6 million), representing 4.4% (2.9%) of net sales.
-Profit before taxes EUR 22.6 million (EUR -9.4 million), including a EUR 20.3 million capital gain booked from the sale of Munksjö Oyj shares.
-Earnings per share EUR 0.06 (EUR -0.22).
-Net cash flow from operative activities EUR 60.0 million (EUR 35.4 million).

Major events after the reporting period
-Jan. 21, 2016: Agreement to divest the glassfiber business signed
-Jan. 29, 2016: Redefined strategy and new long-term financial targets announced

Marco Levi (photo), President & CEO
"Improving profitability was the major theme of our performance in 2015, and this was also reflected in the last quarter of the year, as we clearly delivered according to our plans. We have achieved this through continued optimization of the existing product portfolio, enhanced pricing, as well cost savings. In addition, we have increased the capacity utilization of the new assets including the Binzhou wallcoverings production line and the Longkou plant. The slowdown in some of our key markets that started in the middle of last year persisted until the end of the reporting period, and had a clear negative impact on net sales.
The slowdown was most visible in the Filtration business area, and particularly in engine filtration. The Food and Medical business area was also impacted by this to some extent, but as a whole it consistently improved during the year. The Building and Energy business area continued to make very good progress in terms of sales growth and profitability improvement. I'm also pleased with the accelerated pace of the ramp-up of our wallcoverings production line in China.
We start the new year with a much stronger balance sheet thanks to improved cash flow generation and the sale of non-core financial assets during last year. In 2016, our main focus will be on the implementation of the redefined strategy we announced today. We are building a stronger customer-driven company that is lean and focused, and have already taken action with the recently announced divestment of the glassfiber business."

Outlook for 2016
The company expects net sales from continuing operations in 2016 to be between EUR 950-1050 million. The adjusted operating profit from continuing operations is expected to be 4.2%-5.2% of net sales.
The outlook excludes the Building & Wind business unit, which will be reported as part of discontinued operations starting from the beginning of 2016. The adjusted operating profit excludes restructuring costs, impairment charges and capital gains or losses.
(Ahlstrom Corporation)

Newsgrafik #112258
 16.12.2015

Ahlstrom makes an investment to increase flexibility of its Binzhou production line in China  (Company news)

Ahlstrom, a global high performance fiber-based materials company, has decided to make an investment to increase the flexibility of its Binzhou wallcoverings products line in China.

Following the modification, the production line will be capable of producing filtration products in addition to wallcovering materials. The annual capacity of the line will be about 20,000 metric tons of wallcovering or filtration products and the re-engineering work is expected to be completed by April 2016.

"This investment reinforces our commitment to our customers in the filtration and wallcovering materials markets in China and elsewhere in the region," says Fulvio Capussotti, Executive Vice President, Building and Energy business area. "It's also vital for us to make the Binzhou line more versatile to ensure business agility."

The Binzhou wallcoverings production line was inaugurated in May 2014. Ahlstrom also operates another line producing filtration products at the same site in the Shandong Province on China's east coast. Going forward, Ahlstrom will be able to supply the Asian and Chinese markets with a wider product mix and the site will also have a stronger role in research and product development. The two lines in Binzhou will be part of the Filtration & Performance business area from the beginning of 2016.
(Ahlstrom Corporation)

Newsgrafik #112181
 07.12.2015

Ahlstrom further simplifies its business structure to increase market and customer focus and ...   (Company news)

...announces changes in the executive management team

Ahlstrom will further simplify its business structure for faster execution and leaner alignment of operations. The new structure will be effective as of January 1, 2016.

Ahlstrom's business structure will be organized into two business areas: Filtration & Performance and Specialties. The Filtration & Performance business area will include the engine and industrial filtration, industrial nonwovens, wallcoverings, building and wind businesses. The Specialties business area will consist of food packaging, masking tape, medical and advanced filtration businesses. The business areas will have responsibility for sales and market development, technical and customer service, product development and operations.

"The changes in operational and management structure will bring further focus in serving our customers and markets. I am confident that the streamlined business model will bring further efficiency and clarity to all of our operations", states Marco Levi (photo), President & CEO.

Composition of the Executive Management Team
As a result of the new business structure the following appointments have been made: Fulvio Capussotti has been appointed EVP, Filtration & Performance, Omar Hoek EVP, Specialties and Jari Koikkalainen EVP, Procurement & Commercial Excellence.

The executive management team members Sakari Ahdekivi, CFO, Ulla Bono, EVP, Legal and General Counsel and Päivi Leskinen EVP, Human Resources, will continue in their current positions.

The appointments will be effective as of January 1, 2016. All EMT members will report to Marco Levi, President & CEO.

Changes in segment reporting
Ahlstrom's two business areas Filtration & Performance and Specialties will form the new financial reporting segments of the company. The changes are effective as of January 1, 2016. The company plans to publish restated financial segment information before publishing its January-March 2016 interim report on April 28, 2016.
(Ahlstrom Corporation)

Newsgrafik #111171
 25.08.2015

Satu Perälampi appointed Vice President, Communications at Ahlstrom  (Company news)

Satu Perälampi (M.Sc. Econ.) has been appointed Vice President, Communications at Ahlstrom Corporation as of August 31, 2015.

Her responsibility area includes external and internal communications as well as investor relations. She reports to Sakari Ahdekivi, Chief Financial Officer.

Satu Perälampi joins Ahlstrom from Varma Mutual Pension Insurance Company, where she worked as Senior Vice President, Communications responsible for external and internal communications. Previously she has worked at Pöyry Plc, where she was Vice President, Corporate Communications and Investor Relations.
(Ahlstrom Corporation)

Newsgrafik #111125
 18.08.2015

Ahlstrom January-June 2015 interim report: Continued operating profit margin improvement driven ...   (Company news)

...by better pricing and product mix

April-June 2015 compared with April-June 2014
-Net sales EUR 281.1 million (EUR 253.0 million), showing an increase of 11.1%.Comparable net sales at constant currencies remained flat.
-Operating profit EUR 15.7 million (EUR 9.6 million).
-Operating profit excluding non-recurring items EUR 16.8 million (EUR 13.4 million).
-Operating profit margin excluding non-recurring items 6.0% (5.3%), the seventh consecutive quarter of year-on-year improvement.
-Profit before taxes EUR 20.8 million (EUR -0.4 million), including a EUR 11.1 million capital gain booked from the sale of Munksjö Oyj shares.
-Earnings per share EUR 0.29 (EUR -0.07).
-Revolving credit facility refinanced in June.
-Outlook for 2015 revised.

January-June 2015 compared with January-June 2014
-Net sales EUR 552.9 million (EUR 502.2 million), showing an increase of 10.1%.
-Operating profit EUR 28.4 million (EUR 14.0 million).
-Operating profit excluding non-recurring items EUR 28.8 million (EUR 20.6 million).
-Operating profit margin excluding non-recurring items 5.2% (4.1%).
-Profit before taxes EUR 34.6 million (EUR 4.8 million), including a EUR 17.1 million capital gain booked from the sale of Munksjö Oyj shares.
-Earnings per share EUR 0.46 (EUR -0.02).

Marco Levi (photo), President & CEO:
"We had a record quarter and achieved the highest operating profit margin in the current structure of the company. This was primarily driven by our efforts to improve commercial operations through enhanced pricing and product mix management. The quarter was also characterized by lower demand in some of our main markets and continued increase in net sales driven by currencies.
The Filtration business area improved profits despite the slowdown in its markets, and the Food business continued on its path of steady improvement. The Building and Energy business area also reported a welcome increase in sales, while profitability still suffered from low demand for wallcovering products as well as adverse currency effects.
We are moving ahead with the key priorities of our roadmap - commercial excellence, go-to-market process, simplification and building up the new Ahlstrom - to improve performance. While we have made progress towards our long-term financial targets, we still have a way to go to uncover the full competitive potential of this company."

Outlook for 2015 revised:
Ahlstrom revises its outlook for net sales and operating profit margin excluding non-recurring items in 2015.

New outlook:
Ahlstrom expects net sales in 2015 to be in the range of EUR 1,025-1,125 million. The operating profit margin excluding non-recurring items is expected to be 3.85-4.5% of net sales.
(Ahlstrom Corporation)

Newsgrafik #110021
 08.05.2015

Ahlstrom January-March 2015 interim report: Clear improvement in operating profit driven by ...  (Company news)

January-March 2015 compared with January-March 2014

Net sales EUR 271.8 million (EUR 249.2 million), showing an increase of 9.1%.
Operating profit excluding non-recurring items EUR 12.0 million (EUR 7.2 million).
...better pricing and product mix

-Operating margin excluding non-recurring items 4.4% (2.9%).
-Profit before taxes EUR 13.8 million (EUR 5.2 million)
-Earnings per share EUR 0.17 (EUR 0.05).
-Comparable net sales at constant currencies remained flat, as better pricing and product mix were offset by lower volumes. Reported net sales growth was primarily driven by a favorable currency effect.
-Sixth consecutive quarter of year-on-year improvement in profitability excluding non-recurring items as Filtration, and Food and Medical businesses continued to improve their performance.

Outlook for 2015
Ahlstrom reiterates the outlook published on January 29, 2015. The company expects net sales in 2015 to be in the range of EUR 1,000-1,100 million. The operating profit margin excluding non-recurring items is expected to be 3.5-5% of net sales.

Marco Levi (photo), President & CEO:
"We continued to improve our financial performance in the quarter, driven by improved results in the Filtration and the Food and Medical business areas. We have seen a positive impact from our enhanced pricing and product mix, while foreign currency fluctuations also had a positive impact. The Building and Energy business area suffered from low volumes and an adverse currency effect.
"The program to improve the results of our commercial operations has now been extended to all our business areas, and the benefits are already visible. We are also moving ahead at full speed with the other key priorities of our roadmap, and will continue to focus on selling, general and administrative cost reductions by streamlining our office structure."

Outlook
Ahlstrom reiterates the outlook published in January 29, 2015. The company expects net sales in 2015 to be in the range of EUR 1,000-1,100 million. The operating profit margin excluding non-recurring items is expected to be 3.5-5% of net sales.
In 2015, investments excluding acquisitions are estimated to be approximately EUR 35 million (EUR 45.4 million in 2014).
(Ahlstrom Corporation)

Newsgrafik #109510
 01.04.2015

Ahlstrom announces price increases for masking tape base papers   (Company news)

Ahlstrom, a global high performance fiber-based materials company, announces price increases on its masking tape materials produced by the Food and Medical business area. The price increases will be made to compensate for the continued high costs of raw materials in euro terms.

The price increases will affect all masking tape products manufactured globally and will be effective on April 1, 2015. The increase will be up to 7% depending on markets as well as the product and the agreements in place. Specific details will be discussed with each customer individually by the appropriate sales teams in the near term future.

Ahlstrom offers the widest range of masking tape base papers for a perfectly sharp finish line and optimal protection on even the most delicate surfaces. Our masking tape products are produced in France, China and Finland. Food and Medical business area's end-use applications include teabags, coffee pods and capsules, food packaging, baking papers, masking tape, surgical gowns and drapes, and sterile barrier systems.
(Ahlstrom Corporation)

Newsgrafik #109140
 24.02.2015

Ahlstrom Financial Statements Bulletin 2014: Operative result more than doubled in 2014   (Company news)

Continuing operations October-December 2014 compared with October-December 2013
-Net sales EUR 247.0 million (EUR 243.4 million).
-Operating profit / loss excluding non-recurring items EUR -1.8 million (EUR -2.5 million).
-Operating margin excluding non-recurring items -0.7% (-1.0%).
-Operating profit / loss EUR -4.3 million (EUR -5.5 million), including non-recurring items of EUR -2.5 million (EUR -3.0 million).
-Profit / loss before taxes EUR 5.7 million (EUR -11.1 million), including capital gains booked from the sale of Suominen Corporation and Munksjö Oyj shares.
-Earnings per share EUR 0.09 (EUR -0.29).

Photo: Marco Levi, President & CEO of Ahlstrom Corporation

October-December 2014 in brief
-Net sales growth was driven by better pricing and product mix as well as a favorable currency effect. Comparable net sales at constant currencies remained flat.
-Profitability was hurt by low capacity utilization in the Building and Energy business area. Advanced Filtration, Transportation, and Food business areas continued to improve profitability.
-A new, simplified structure and organization effective as of January 1, 2015 was announced to enable faster execution and stronger accountability within business areas.

Continuing operations January-December 2014 compared with January-December 2013
-Net sales EUR 1,001.1 million (EUR 1,014.8 million), comparable net sales growth rate at constant currencies was 1.4%.
-Operating profit excluding non-recurring items EUR 28.6 million (EUR 13.4 million).
-Operating margin excluding non-recurring items 2.9% (1.3%).
-Operating profit / loss EUR -3.7 million (EUR 10.7 million), including non-recurring items of EUR -32.3 million (EUR -2.7 million).
-Profit / loss before taxes EUR -9.4 million (EUR -15.4 million).
-Earnings per share EUR -0.22 (EUR -0.46).

Outlook for 2015
Ahlstrom expects net sales in 2015 to be in the range of EUR 1,000-1,100 million. The operating profit margin excluding non-recurring items is expected to be 3.5-5% of net sales.

Dividend proposal
The Board of Directors proposes to the Annual General Meeting that a dividend totaling EUR 0.30 per share be paid for the financial year ended on December 31, 2014.

Marco Levi, President & CEO
"We more than doubled our operative result last year, driven by cost savings achieved through our rightsizing program, improved pricing, and better performance in our Advanced Filtration, Transportation Filtration, and Food business areas. Our performance in the fourth quarter - typically our weakest of the year - remained unsatisfactory, but these four business areas continued to make progress. We expect to continuously improve our financial performance going forward.'
'Our rightsizing program is nearing completion and is reaching its planned targets. However, we will continue to maintain stringent cost control going forward.'
'Our roadmap to improved performance continues to gain momentum. I'm confident that our commercial excellence program will deliver enhanced margins, while our reprioritized product development will address customer needs better and more quickly. In addition, we will actively pursue growth in selected areas. The process of simplifying our organizational structure and processes is well underway, which is expected to further reduce our cost base. These focused initiatives will gradually bring improved efficiency and cost competitiveness in 2015 and beyond.'
(Ahlstrom Corporation)

Newsgrafik #108964
 02.02.2015

Robin Ahlström resigns as Chairman of the Board of Ahlstrom, Panu Routila appointed new Chairman   (Company news)

The Chairman of the Board of Directors of Ahlstrom Corporation, Robin Ahlström, has announced his resignation from the position of Chairman and member of the Board due to serious illness.

The Board of Directors of Ahlstrom Corporation has elected Panu Routila (b.1964, photo) as Chairman of the Board as of January 26, 2015. He will also become a member of the Shareholders' Nomination Board, and he has been elected member of the Human Resources Committee.

"We would like to warmly thank Robin Ahlström for his dedication and excellent contribution to Ahlstrom. He has served on the Board of Ahlstrom, as Chairman, Vice Chairman and as a Board member", says Panu Routila, new Chairman of the Board.

As of today, there will be six members on the Board of Directors of Ahlstrom. The term of the Board of Directors will expire at the close of the next Annual General Meeting.
(Ahlstrom Corporation)

Newsgrafik #108669
 22.12.2014

Ahlstrom's employee negotiations completed in Kauttua   (Company news)

Ahlstrom, a high performance fiber-based materials company, announces that it has completed the co-operation negotiations with employee representatives at its Kauttua production line in Finland. The conclusion of the negotiations is to close down the production line in Kauttua during the second quarter of 2015.

The Kauttua plant manufactures base paper for masking tape. As there is significant overcapacity globally in the masking tape markets, especially in Europe, Ahlstrom has sought ways to improve the efficiency of its masking tape business. Ahlstrom manufactures base paper for masking tape also in Pont-Audemer, France and Longkou, China. The consolidation of the company's masking tape production is part of the earlier announced rightsizing program.

The Kauttua production line is part of Ahlstrom's Food business area and it employs 21 people, whose employment will be terminated as the line will be closed down. The company will make every effort to support the employees affected.
(Ahlstrom Corporation)

Newsgrafik #108213
 07.11.2014

Ahlstrom simplifies its structure and organization for faster execution and profitability improvemen  (Company news)

Ahlstrom will simplify its structure and organization to enable faster execution and stronger accountability within business areas. The aim of the change is to accelerate profitability improvement. The new structure will be effective as of January 1, 2015. In addition, the composition of Ahlstrom's Executive Management Team will change with immediate effect.

Photo: Marco Levi, Ahlstrom President & CEO

Ahlstrom's new organizational structure will consist of three business areas: Filtration, Building and Energy, and Food and Medical. These business areas will have stronger operational alignment, including responsibility for sales and marketing, technical customer service, product development and operations.
"The changes in operational and management structure will help to clarify the priorities for each business. I believe that we can facilitate faster execution and optimize our resources by strengthening accountability in the business areas close to our customers and markets", states Marco Levi, President & CEO.

Executive Management Team appointments
The following appointments in the Executive Management Team of Ahlstrom have been made:
-Sakari Ahdekivi, CFO, responsible for Finance and Controlling, Information Technology and Communications
-Ulla Bono, Executive Vice President, Legal, General Counsel
-Fulvio Capussotti, EVP, Building and Energy, responsible for the wallcovering, flooring and composite businesses
-Omar Hoek, EVP, Food and Medical, responsible for the food packaging, masking tape and medical businesses.
-Jari Koikkalainen, EVP, Filtration, responsible for the transportation filtration and advanced filtration businesses
-Nadia Stoykov, EVP, Commercial Excellence, Customer Service and Sourcing.
-Päivi Leskinen, 49, M.Sc. (Soc.) will assume the role of Executive Vice President, Human Resources and member of the EMT. She has held several HR management positions at ABB, currently as Global HR Business Partner, EMEA, Ventyx, ABB Technology Ltd. She will join Ahlstrom in the first quarter of 2015.
All EMT members will report to Marco Levi, President & CEO.

Additional changes
-Paul Stenson is appointed EVP, Filtration Product Development, reporting to Jari Koikkalainen. Paul will also maintain responsibility for aligning product and technology development capabilities as well as portfolio development between the three Business Areas.
-Roberto Boggio has been appointed EVP, Operations, Food and Medical. Roberto will also assume responsibility for aligning operations, including manufacturing, engineering and logistics, within the three Business Areas. He will report to Omar Hoek.
-Arnaud Marquis will assume the role of Vice President, Wallcover and Poster businesses, reporting to Fulvio Capussotti.
-Paul, Roberto and Arnaud will step down from the EMT, and Paul and Roberto will become members of the Extended Executive Team which will be established to work in close collaboration with the EMT.
-Following the changes, Paula Aarnio, EVP, HR & Sustainability; William Casey, EVP, Regional Sales, Americas; Rami Raulas, EVP, Regional Sales EMEAI, and Luc Rousselet, EVP, Supply Chain, will pursue other opportunities outside Ahlstrom and will leave the EMT.

"Let me extend my thanks to Paula, William, Rami and Luc for their valuable contribution to the development of the company during the last years. I wish them all the best in their future challenges," Marco Levi continues.

Changes in segment reporting
Ahlstrom's three new business areas, Filtration, Building and Energy, and Food and Medical, will form the new financial reporting segments of the company. The changes are effective starting from January 1, 2015. The company plans to publish restated financial segment information before publishing its January-March 2015 interim report on April 28, 2015.
(Ahlstrom Corporation)

Newsgrafik #107961
 22.10.2014

Changes in the Executive Management Team of Ahlstrom  (Company news)

Mrs. Nadia Stoykov, born 1963, M.Sc. (Law) and MBA has been appointed Executive Vice President, Commercial Excellence, and member of the Executive Management Team. She will be responsible for leading and further developing commercial excellence within Ahlstrom.
Nadia Stoykov has previously worked in various senior management roles at Nyrstar Sales and Marketing AG, Valspar Corporation AG, IDEX Corporation and The Dow Chemical Company.
She will join Ahlstrom during the fourth quarter of 2014 and will report to Marco Levi, President & CEO.
(Ahlstrom Corporation)

Newsgrafik #107985
 21.10.2014

Ahlstrom announces price increases for transportation filtration materials  (Company news)

Ahlstrom, a global high performance fiber-based materials company, announces price increases on its air and liquid filter media produced by the Transportation Filtration business area. The price increases will be made to compensate for the continued high level of certain raw material costs, utilities-related inflation and regional currency impacts.

Photo: Ahlstrom XAIR Automotive and Heavy Duty Air Filter media

The price increases will affect all transportation filtration products worldwide and will be effective starting from December 1, 2014. The increases will be up to 10% depending on markets, products and the agreements in place.

Air and liquid filter media manufactured by the Transportation Filtration business area are used in air applications including heavy duty and automotive air intake and cabin air as well as liquid applications for heavy duty and automotive oil and fuel. Ahlstrom's Transportation Filtration business area has production sites in six countries.
(Ahlstrom Corporation)

Newsgrafik #107919
 13.10.2014

Ahlstrom to start co-operation negotiations at its Kauttua production line  (Company news)

Ahlstrom, a high performance fiber-based materials company, announced that it will start on October 16, 2014, co-operation negotiations with employee representatives at its Kauttua production line in Finland as part of its earlier announced rightsizing program. The negotiations will affect the whole personnel at the site and may lead to personnel reductions or temporary lay-offs. The aim of the negotiations is to evaluate ways to adjust Ahlstrom's production capacity and costs to the prevailing overcapacity on the global masking tape markets.

The Kauttua plant manufactures base paper for masking tape. The markets for masking tape have significant overcapacity globally, especially in Europe.

The Kauttua production line is part of Ahlstrom's Food Business Area and it employs approximately 20 employees. The negotiations are expected to be completed by early December 2014.
(Ahlstrom Corporation)

Newsgrafik #107870
 08.10.2014

Robin Ahlström appointed Chairman of the Board of Ahlstrom   (Company news)

The Board of Directors of Ahlstrom Corporation has elected Robin Ahlström (photo) as Chairman of the Board as of October 1, 2014. Pertti Korhonen's resignation from the Board and the Chairman position was announced earlier.
Robin Ahlström (b. 1946) has served as Vice Chairman of the Board since 2014 and as member of the Board since 2013. In his new role, Mr. Ahlström will also become a member of the Shareholders' Nomination Board.
In addition, the current Board member Markus Rauramo was appointed Chairman and member of the Human Resources Committee.
As of now, there will be seven members on the Board of Directors of Ahlstrom. The term of the Board of Directors will expire at the close of the next Annual General Meeting.
(Ahlstrom Corporation)

Newsgrafik #107292
 12.08.2014

Ahlstrom interim report January-June 2014: Profitability improved largely driven by better ...  (Company news)

...cost structure

Photo: Marco Levi, President & CEO

Continuing operations April-June 2014 compared with April-June 2013
-Net sales EUR 253.0 million (EUR 265.0 million).
-Operating profit EUR 9.6 million (EUR 6.4 million).
-Operating profit excluding non-recurring items EUR 13.4 million (EUR 7.9 million).
-Operating margin excluding non-recurring items 5.3% (3.0%).
-Profit / loss before taxes EUR -0.4 million (EUR -3.5 million).
-Earnings per share EUR -0.07 (EUR -0.12).

April-June 2014 in brief
-Reported net sales fell by 4.5%, while profitability improved. Comparable net sales grew 0.4% at constant currency rates and there was clear improvement in the profitability of four business areas: Advanced Filtration, Building and Energy, Food, and Transportation Filtration.
-Marco Levi was appointed as Ahlstrom's new President & CEO.
-New products were introduced to accelerate growth and improve the sales mix and profit margin. One key product launch was Ahlstrom EasyLife® Spray & Up, a new offering for the fast-growing digital wall décor market.

Continuing operations January-June 2014 compared with January-June 2013
-Net sales EUR 502.2 million (EUR 520.3 million).
-Operating profit EUR 14.0 million (EUR 14.7 million).
-Operating profit excluding non-recurring items EUR 20.6 million (EUR 14.4 million).
-Operating margin excluding non-recurring items 4.1% (2.8%).
-Profit before taxes EUR 4.8 million (EUR 0.1 million).
-Earnings per share EUR -0.02 (EUR -0.09).

Outlook for 2014
The outlook published on January 30, 2014 remains unchanged. Net sales are expected to be EUR 930-1,090 million. The operating profit margin excluding non-recurring items is expected to be 2-5% of net sales.

Marco Levi, President & CEO:
"We have improved our profitability for three consecutive quarters, demonstrating our ability to enhance financial performance. In particular the Advanced Filtration, Food, and Transportation Filtration business areas increased their profit margins".
"I am very pleased that our ongoing rightsizing program is progressing as planned and the benefits can already be seen in our operating result. The program has yielded clear reductions in selling, general and administrative costs, along with production overheads".
"Comparable net sales were flat in the second quarter, with only moderate improvement in the overall market environment. As we cannot rely solely on an economic recovery to boost our sales, we will strive to improve our operational efficiency and continue to launch appealing new products such as Ahlstrom EasyLife® Spray & Up for the digital wall décor market. Our ambition is to swiftly position Ahlstrom in such a way that we can capture new profitable business while operating with a more sustainable cost structure".
(Ahlstrom Corporation)

Newsgrafik #106478
 27.05.2014

Ahlstrom launches Ahlstrom EasyLife® Spray & Up: Quick, easy and clean - the consumer's ...  (Company news)

... wall décor product of choice

Ahlstrom, a global high performance fiber-based materials company, launches today Ahlstrom EasyLife® Spray & Up, its new offering for the fast growing digital wall décor market. The patent-pending EasyLife® Spray & Up has a unique, integrated, adhesive system, which significantly improves the decorating experience for consumers.
Ahlstrom EasyLife® Spray & Up is quick, easy and clean to use: no additional adhesive or specialist tools are required, just water and a spray bottle. The user can simply spray the wall with water, apply the material to the wall and the job is done. Application time is reduced by up to 60% plus cleaning up is much easier and faster than with traditional wallpapers.
Ahlstrom EasyLife® Spray & Up is the consumer's wall décor product of choice. In recent focus group studies in North America and Europe, EasyLife® Spray & Up has been widely endorsed by consumers: 95% of consumers said they were "extremely likely" or "very likely" to use the product due to its outstanding benefits - quick, easy and clean, making the job simple for end users.
Ahlstrom EasyLife® Spray & Up Digital grades are HP latex qualified, PVC free, and deliver unique 3D structures, opening new opportunities for unique design with textured and fibrous looks. EasyLife® Spray & Up helps HP digital printers deliver personalised images for consumers, as well as creating a new decorating experience for everyone.
(Ahlstrom Corporation)

Newsgrafik #106434
 22.05.2014

Marco Levi appointed President and CEO of Ahlstrom Corporation  (Company news)

The Board of Directors of Ahlstrom Corporation has appointed Marco Levi (Doctor, Industrial Chemistry, photo) President and CEO of the company, effective June 16, 2014. Jan Lång will continue as President and CEO until June 15, 2014 and will thereafter as needed support Marco Levi as a special advisor in order to ensure a smooth transition of the responsibilities.

Ahlstrom's Chairman of the Board, Pertti Korhonen:
"Jan Lång has been leading Ahlstrom since January 2009. During his leadership, the company has gone through a significant transition in line with the strategy that was announced in 2009. The business portfolio has been restructured and the next phase of the company's strategy has been defined. In parallel, significant progress has been made in establishing the foundation for profitable growth. The planned restructuring of the business portfolio, including Munksjö and Suominen transactions, has now been successfully concluded. The time is now right to pass the leadership baton for the next phase of the strategic plan. I want to thank Jan Lång warmly for leading Ahlstrom through this challenging phase of transformation".
Dr. Levi (b. 1959, Italian citizen) joins Ahlstrom from a leading materials company Styron (www.styron.com) where he was Senior Vice President and Business President of Emulsion Polymers. Prior to that, he has held various senior management positions at the Dow Chemical Company. Marco Levi's CV is available on Ahlstrom's internet site at www.ahlstrom.com.
"We are pleased to welcome Marco Levi to Ahlstrom. He has a strong track record in leading global materials technology business. His focus will be on increasing Ahlstrom's shareholder value by improving the profitability of the company and by creating profitable growth in line with Ahlstrom's strategy announced in September 2013", Pertti Korhonen says.
(Ahlstrom Corporation)

Newsgrafik #105536
 26.02.2014

Ahlstrom introduces Ahlstrom NatureMold(TM), a biodegradable molding material for food packaging   (Company news)

Ahlstrom, a global high performance fiber-based materials company, introduces Ahlstrom NatureMold(TM), a new biodegradable molding material for food packaging. This innovative and patent-pending product can be used for a range of food applications. Ahlstrom NatureMold(TM) combines environmental credentials, product differentiation, and performance all in one package.
Ahlstrom NatureMold(TM) provides a range of features that benefit food processors and their brands. Key benefits include heat resistance (up to 220°C/428°F), easy release, high wet strength, and the superior grease resistance thanks to our unique genuine vegetable parchment.
In addition, Ahlstrom's new molding material offers superior branding and differentiation properties with the possibility to watermark or dye Ahlstrom NatureMold(TM) with a range of hot food contact approved colors. True to Ahlstrom's commitment, NatureMold(TM) helps to advance sustainability. Ahlstrom NatureMold(TM) is produced from renewable resources with FSC(TM) certified pulp. It is the environmentally friendly alternative to molds and trays made from plastic or aluminum.
"The Ahlstrom NatureMold(TM) product line has great performance especially because of its grease resistance and easy release. The coloring and watermark options allow significant brand differentiation. Its sustainability credentials are compelling as all the materials are from renewable sources as well as biodegradable," explains Omar Hoek, EVP, Food.
(Ahlstrom Corporation)

Newsgrafik #105423
 17.02.2014

Changes in the Executive Management Team of Ahlstrom   (Company news)

Aki Saarinen, Executive Vice President, Strategic Business Development, has decided to resign from Ahlstrom to pursue other career opportunities. He will step down from the Executive Management Team in February 2014 and continue in his current role until mid-August.
Saarinen joined Ahlstrom in 2012 and has been a member of the Executive Management Team since that. Ahlstrom thanks Aki Saarinen for his valuable contribution to the company.
(Ahlstrom Corporation)

Newsgrafik #105360
 10.02.2014

Ahlstrom to modify its Executive Management Team  (Company news)

Picture: Rami Raulas, Executive Vice President, Sales region, Europe, Middle East and India

Ahlstrom, a global high performance fiber-based materials company, will refine its management structure to accelerate the targeted profitability improvement and rapid implementation of the rightsizing program.
The company's operating model, with five business areas and common processes, will remain unchanged.
Ahlstrom aims to achieve sales growth through winning new business and speeding up the commercialization of new products. To achieve this, changes in sales management will be implemented to enable a stronger execution power in the regional sales organization and better collaboration between the business areas and regional sales.
Regional sales organizations will be strengthened. In the new set-up, the Executive Vice Presidents of sales regions will report directly to the President & CEO and will be members of the Executive Management Team. The position of EVP, Sales & Marketing, will be discontinued and the position eliminated from the Executive Management Team.

The following appointments to the Executive Management Team are made:
-Rami Raulas, b. 1961, currently Executive Vice President, Sales & Marketing, is appointed Executive Vice President, Sales region, Europe, Middle East and India. He joined Ahlstrom and the EMT in 2009.

-William Casey, b. 1959, B.Sc. (Chem. Eng.), MBA, currently Vice President, Sales, Americas, is appointed Executive Vice President, Sales region, Americas. He joined the company in 2010.

-Jari Koikkalainen, b. 1965, will assume responsibility for leading sales in Asia in addition to his current responsibilities as EVP, Transportation Filtration. He is appointed Executive Vice President, Transportation Filtration and Sales region, Asia. He joined the company and the EMT in 2013.

-Arnaud Marquis, b. 1971, M.Sc. (Eng.), MBA, is appointed Executive Vice President, Building and Energy. He joined Ahlstrom in 1995 and currently works as Vice President, Marketing and Commercial, in the Building and Energy business area. He will succeed Laura Raitio, who resigned on January 21, 2014. Raitio will continue to work on special assignments at Ahlstrom, reporting to Jan Lång, until the end of July. She will step down from the EMT.

The appointments will be effective as of February 10, 2014.
(Ahlstrom Corporation)

Newsgrafik #105071
 15.01.2014

Ahlstrom to sell its Paulínia plant in Brazil to Suominen  (Company news)

Picture: Ahlstrom President and CEO Jan Lång

Ahlstrom Corporation and Suominen Corporation have agreed on the sale of the shares of Ahlstrom Fabricação de Não-Tecidos Ltda to Suominen. The company operates the Brazilian plant of Ahlstrom's former Home and Personal business area.
Ahlstrom sold its wipes business, the Home and Personal business area, to Suominen in 2011, but the transfer of the Paulínia plant in Brazil was prolonged due to delays in certain required official permissions and subsequent renegotiations between Suominen and Ahlstrom. The enterprise value of the transaction is agreed at EUR 17.5 million. Suominen will finance the acquisition through a convertible hybrid bond issue with a nominal value of EUR 17.5 million.
Ahlstrom's Home and Personal business area, excluding the Brazilian part of the operation, was transferred to Suominen on October 31, 2011. The plant sold today is located in Paulínia, Brazil, approximately 120 kilometers northwest of São Paulo. The plant was built in 2008 and employs approximately 40 people. All employees will be transferred to Suominen at the closing of the transaction, which is expected to take place in February 2014.
"We are very pleased that the transfer of Ahlstrom Paulínia and consequently the divestment of our wipes business to Suominen will now be completed. In accordance with our new strategy, Ahlstrom focuses on high performance fiber-based products that aim for a clean and healthy environment," said Jan Lång, President & CEO, Ahlstrom.
"Finalizing the acquisition of the Paulínia plant marks an important milestone for Suominen. The deal provides us a foothold in the South American markets where we see very exciting growth opportunities," said Nina Kopola, President & CEO, Suominen.
The transaction requires that the Extraordinary Shareholders' Meeting of Suominen will authorize its Board to issue a convertible hybrid bond.

Ahlstrom to underwrite the convertible hybrid bond issue
Ahlstrom will sell Ahlstrom Paulínia to Suominen in exchange for cash, and has agreed to underwrite any convertible hybrid capital notes not sold to the market at nominal value.
Ahlström Capital Group has committed to purchase any notes received by Ahlstrom, at the same nominal value, any time as requested by Ahlstrom within 9.5 months of the closing of the Ahlstrom Paulínia transaction. As compensation Ahlstrom will grant Ahlström Capital an option to acquire Ahlstrom's current 26.9% shareholding in Suominen at a price of EUR 0.50 per share within 10 months of the closing of the transaction. Ahlstrom will, however, retain the right to sell all or part of its shares in Suominen to other parties until Ahlström Capital exercises the option.
"We are pleased to participate in the completion of the Paulínia factory transaction. We consider it as an interesting opportunity that through commitments made now in the financing arrangement, Ahlström Capital has the possibility to become one of the major shareholders of Suominen," says Panu Routila, President & CEO of Ahlström Capital.
(Ahlstrom Corporation)

Newsgrafik #105018
 09.01.2014

Ahlstrom completes the divestment of its pre-impregnated décor paper and abrasive businesses...   (Company news)

...to Perusa

Ahlstrom, a global high performance fiber-based materials company, has completed the divestment of its pre-impregnated décor papers and abrasive paper backings businesses to Perusa, a German-based private equity group.
The divestment was made to comply with the commitments made to the European Commission and to the Brazilian competition authority CADE as disclosed in May 2013. The transaction between Ahlstrom and Perusa was announced on October 18, 2013.
(Ahlstrom Corporation)

Newsgrafik #105015
 08.01.2014

Sakari Ahdekivi appointed new CFO of Ahlstrom   (Company news)

Sakari Ahdekivi, 50, M.Sc (Econ.) has been appointed Chief Financial Officer and member of the Executive Management Team at Ahlstrom, a global high performance fiber-based materials company. He will join Ahlstrom on February 1, 2014.
Prior to Ahlstrom, Mr. Ahdekivi was Managing Director at Tamro Finland and Baltics. He has also held CFO positions at Tamro, YIT, and Huhtamäki, and various financial controlling positions at ABB.
"Sakari Ahdekivi has a broad experience from many international companies operating in different industries, and I am pleased that he will join us. At this point, let me also express my warmest thanks for the great contribution Seppo Parvi has made to the execution of the major transformation at Ahlstrom during the last years," said Jan Lång, President & CEO, Ahlstrom.
Current CFO Seppo Parvi, also EVP, Food and Medical Business Area, will leave Ahlstrom at the end of January 2014.
(Ahlstrom Corporation)

Newsgrafik #104980
 03.01.2014

Nippon Paper Industries to wholly own Jujo Thermal  (Company news)

Nippon Paper Industries Co.,Ltd (Head Office: Chiyoda-ku, Tokyo, President: Yoshio Haga) and Ahlstrom Corporation (Head Offfice: Helsinki, Finland, CEO: Jan Lang), currently the equal owners of Jujo Thermal Oy reached an agreement that the former would take over all the latter’s shares in the Company at the end of 2013.
As thermal paper products continues to enjoy their steady demand, Jujo Thermal, situated in Finland, is well positioned to serve for Europe, one of the major thermal paper markets.
Becoming a wholly owned subsidiary, the Company is expect to sharpen its competitive edges in the market to display synergies through close cooperation and collaboration in the areas of sales, marketing, production and R&D as well within the Nippon Paper Group.
(Nippon Paper Industries Co Ltd)

Newsgrafik #104707
 02.12.2013

Ahlstrom receives approval to sell its pre-impregnated décor paper and abrasive businesses to...  (Company news)

... Perusa

Ahlstrom, a global high performance fiber-based materials company, announces that the European Commission and the Brazilian competition authority CADE have approved Perusa Group as the buyer for Ahlstrom's pre-impregnated décor papers and abrasive paper backings businesses.
The divestment is made to comply with the commitments made to the European Commission and to the Brazilian competition authority CADE as disclosed in May 2013. The transaction between Ahlstrom and Perusa was announced on October 18, 2013, and is expected to be completed during the first quarter of 2014 at the latest.
(Ahlstrom Corporation)

Newsgrafik #104583
 20.11.2013

Ahlstrom announces price increases for masking tape base papers  (Company news)

Ahlstrom, a global high performance fiber-based materials company, announces price increases on its masking tape materials produced by the Food and Medical business area. The price increases will be made to compensate for the continued high costs of raw materials and chemicals as well as energy related inflation.
The price increases will affect all masking tape products manufactured in Europe effective December 15, 2013. The increase will be up to 4% depending on markets as well as the product and the agreements in place. Specific details will be discussed with each customer individually by the appropriate sales teams in the coming days.
Ahlstrom offers the widest range of masking tape base papers for a perfectly sharp finish line and optimal protection on even the most delicate surfaces. Food and Medical business area's end-use applications include teabags, coffee filters, food packaging, baking papers, masking tape, surgical gowns and drapes, and sterile barrier systems.
(Ahlstrom Corporation)

Newsgrafik #104157
 10.10.2013

Ahlstrom introduced range of masking tapes at China Adhesive 2013  (Company news)

Ahlstrom, a global high performance fiber-based materials company, introduced Ahlstrom MasterTape(TM), its range of masking tape base papers at China Adhesive 2013. The event took place on September 25-27, 2013 in Guangzhou, China at the Guangzhou Poly World Trade Expo.
Ahlstrom MasterTape(TM) offers tape manufacturers the widest range of high-performance masking tape base papers for perfectly sharp finish lines when painting and optimal protection on the most delicate surface. Our tiered segmentation offers three levels of performance, price and services to meet customers' every need. Our range is customizable to allow for process optimization and answer specific product development needs.
The company's newest plant in China enables Ahlstrom to offer services closer to its customers, reducing lead times while offering local products.
(Ahlstrom Corporation)

Newsgrafik #104127
 07.10.2013

Ahlstrom announces new strategic agenda and updates long-term financial targets  (Company news)

Picture: Jan Lång, President and CEO

Ahlstrom, a global high performance fiber-based materials company, announces its new strategic agenda and updates its long-term financial targets.
During the last four years, Ahlstrom has undergone a major transformation as a company and refocused its business portfolio to become a global high performance materials company. The divestment of the Home and Personal business and the demerger of specialty papers, the Label and Processing business, were key steps in executing the 2009 strategy.
Ahlstrom has now defined a growth strategy extending to the year 2020. The company's current and future product offering is driven by global megatrends, such as resource scarcity, environmental awareness, demographics and urbanization.
The company aims to grow with a high performance product offering for a clean and healthy environment. Ahlstrom's strategy is built on three strong strategic enablers: environmentally sound technologies and manufacturing platforms, capability to co-create unique products together with customers and partners, and global reach in operations.

Products with purpose
The company has selected to serve the following market segments:
· Food, beverage & household
· Medical care & life science
· Transportation
· Energy & environment
· Building & decoration

The current businesses and the selected market segments offer good opportunities for growth globally. In addition, the company has identified new high priority growth areas in clean air and water, medical diagnostics and composite materials for the construction and transportation industries.
"Through our unique knowledge of fibers and materials, we provide customers with improved performance and resource-efficiency such as reduced usage of materials, energy and water. Our platforms already provide cleaner air and water with our filtration products. We also see very lucrative growth opportunities in medical diagnostics, composites and safe drinking water," said Jan Lång, President and CEO.

Long-term financial targets
To support Ahlstrom's sustainable growth strategy, the Board of Directors has approved the company's updated long-term financial targets over the economic cycle:
· Net sales: at least 5% underlying annual growth
· Net sales from new products[1]: At least 20%
· Operating profit[2]: 7% of net sales by 2016 and 10% of net sales beyond 2016. With the current balance sheet structure, this implies a return on capital employed of approximately 13% and approximately 15%, respectively.
· Gearing ratio: to be maintained within 50-80% range

"Our updated long-term financial targets reflect our determination to improve our profitability. I am confident that the new targets are achievable, considering our more focused business portfolio and the identified new growth opportunities. We also expect that our rightsizing program will deliver significant savings and improve shareholder return," stated Lång.
Ahlstrom's financial reporting segments remain unchanged. The company will elaborate more on its strategy during the fall and at its Capital Markets Day on November 21, 2013.
(Ahlstrom Corporation)

 

Ahlstrom considers issuance of a new hybrid bond and announces invitation to tender its ...  (Company news)

... outstanding hybrid bond

Ahlstrom, a global high performance fiber-based materials company, is considering issuance of a new hybrid bond. The potential issue is expected to be launched in the near future subject to market conditions. The targeted size of the issue is approximately EUR 80 million.

At the same time, Ahlstrom announces an invitation to tender for cash (subject to restrictions as provided for in a Tender Offer Memorandum) its outstanding EUR 80 million hybrid bond (ISIN: FI4000006929) up to the aggregate amount of the new hybrid bond to be issued. The outstanding hybrid bond was issued in November 2009, and Ahlstrom may exercise an early redemption option in November 2013.

The purchase price for the outstanding hybrid bond will be 101 percent of the nominal amount of such notes. The Offer is due to expire at 4 p.m. EET on September 26, 2013. The settlement date is expected to be October 2, 2013. The tender offer is subject to the successful completion of the issue of the new hybrid bond.

A hybrid bond is an instrument which is subordinated to the company's other debt obligations and which is treated as equity in the IFRS financial statements. The hybrid bond does not confer to its holders the rights of a shareholder or the right to vote at shareholders' meetings and does not dilute the holdings of the current shareholders.

Nordea Markets is acting as the exclusive dealer manager and tender agent for the Tender Offer and as the coordinator, a joint lead manager and a bookrunner for the potential new issue. Pohjola Markets is acting as a joint lead manager and bookrunner for the potential new issue. Hannes Snellman Attorneys Ltd acts as a legal advisor to Ahlstrom.

For more information, please contact:
Liisa Nyyssönen
Vice President, Communications
Tel. +358 10 888 4757
(Ahlstrom Corporation)

Newsgrafik #103605
 15.08.2013

Ahlstrom interim report January-June 2013: Net sales and profitability improved slightly  (Company news)

This is a summary of Ahlstrom's January-June 2013 interim report.

Picture: Jan Lang, President & CEO

Continuing operations April-June 2013 compared with April-June 2012
-Net sales EUR 265.0 million (EUR 261.6 million).
-Operating profit EUR 6.4 million (EUR 4.0 million).
-Operating profit excluding non-recurring items EUR 7.9 million (EUR 7.4 million).
-Operating margin excluding non-recurring items 3.0% (2.8%).
-Profit / loss before taxes EUR -3.5 million (EUR -3.3 million).
-Earnings per share EUR -0.12 (EUR -0.11).

April-June 2013 in brief
-Net sales and profitability improved from the comparison period.
-Ahlstrom completed the first phase of the combination of its Label and Processing business in Europe with Munksjö AB. The combination created a new global leader in high-quality specialty papers listed on the NASDAQ OMX Helsinki stock exchange. The second phase, Coated Specialties in Brazil, is expected to be completed in the second half of 2013.
-The company continued to launch new products including Ahlstrom Captimax(TM), a new best-in-class fuel filter material for passenger and commercial heavy-duty vehicles and off-road machinery.

Continuing operations January-June 2013 compared with January-June 2012
-Net sales EUR 520.3 million (EUR 521.9 million).
-Operating profit EUR 14.7 million (EUR 14.6 million).
-Operating profit excluding non-recurring items EUR 14.4 million (EUR 17.9 million).
-Operating margin excluding non-recurring items 2.8% (3.4%).
-Profit before taxes EUR 0.1 million (EUR 2.1 million).
-Earnings per share EUR -0.09 (EUR -0.06).

Outlook for 2013
The outlook published on January 31, 2013 remains unchanged. Net sales from continuing operations are expected to be EUR 980-1,140 million. The operating profit margin excluding non-recurring items from continuing operations is expected to be 2-5% of net sales.

Jan Lång, President & CEO:
- Our sales and operating profit excluding non-recurring items improved slightly from the comparison period, but our performance did not yet meet the targets we have set, despite the significant efforts we have taken to restructure our product portfolio and renew our way of working. To enhance our competitiveness, we have today announced a rightsizing program, which aims at reducing our annual cost base by EUR 35 million in the next 18 months. We need to adjust our cost base to reflect the size and scope of our business now that the Label and Processing demerger in Europe has been completed. This will unfortunately impact the employment of about 350 people globally.
- Advanced Filtration continued to perform well in the second quarter. The integration of Munktell, which we acquired last October, is also progressing well. Transportation Filtration performed steadily, but there was surprising volatility in North American demand despite the continued recovery of the U.S. economy. The organizational adjustments to deliver more efficient execution and improve performance in Food and Medical have also been completed.
- We can also improve profitability by strengthening our product pipeline and bringing new differentiated products to the market more quickly. We have already good examples from the new launches this year, which include Ahlstrom Captimax (TM) announced in the second quarter.
(Ahlstrom Corporation)

Newsgrafik #103421
 25.07.2013

Ahlstrom announces price increases for vegetable parchment materials  (Company news)

Ahlstrom, a global high performance fiber-based materials company, announces price increases on its vegetable parchment materials produced by the Food and Medical business area. The price increases will be made to compensate for the continued high level of raw material costs as well as energy related inflation.
The price increases will affect all vegetable parchment products worldwide and will be effective for all orders placed as of August 1, 2013. The increase will be up to 5% depending on markets as well as the product and the agreements in place.
Ahlstrom's vegetable parchment products include food packaging materials for cooking, baking and wrapping. Food and Medical business area's main end-use applications are teabags, coffee filters, food packaging, baking papers, masking tape and surgical gowns and drapes.
(Ahlstrom Corporation)

 

Demerger of Ahlstrom's Label and Processing business in Europe registered with the ...  (Company news)

... Finnish Trade Register

Ahlstrom, a global high performance fiber-based materials company, announces that the demerger of Ahlstrom's Label and Processing business in Europe (LP Europe) has been registered with the Finnish Trade Register. A total of 11,597,326 new shares in Munksjö Oyj were issued as demerger consideration to Ahlstrom's shareholders in the LP Europe demerger.
The total number of shares in Munksjö Oyj with the Trade Register on Monday morning will amount to 38,769,590.
The second phase of the transaction, the demerger of Coated Specialties in Brazil, is expected to the completed during the second half of this year.

-Ahlstrom will continue to focus on high performance fiber-based materials that purify air and liquids, protect people and provide surface and structure to the customers' products.
-Ahlstrom's shareholders will own shares in two listed companies, Ahlstrom and Munksjö, both global leaders in their fields.
-Ahlstrom's Label and Processing business in Europe had net sales of EUR 562.5 million in 2012. Four plants and altogether about 1,000 employees will transfer to Munksjö.
-Right after the closing, Ahlstrom will buy back its operations in Osnabrück, Germany. The wallpaper and hybrid wallcovering business will remain with Ahlstrom, while the abrasive backings and pre-impregnated décor paper businesses will be divested to a third party in accordance with the commitments made to the EU Commission.
-Ahlstrom becomes a major shareholder in Munksjö, holding a total of 23.4% per cent of the shares following the completion of the European part of the transaction. After the completion of the Brazilian demerger, Ahlstrom's shareholding in Munksjö will be 17.8%.

"The rationale for this transaction remains sound: Ahlstrom can now focus on businesses in which we see the most attractive value-add and growth opportunities. On the other hand, the Label and Processing business can be further developed as part of a leading specialty paper company", said Jan Lång, President & CEO, Ahlstrom.
"Ahlstrom will now steer its resources fully towards high performance fiber-based materials. We have made great progress with our product pipeline, and we will utilize our improved capabilities in product and technology development to introduce unique products that help our customers differentiate."
"Our primary goal now is to raise profitability, and seek growth based on the new product and technology platform now established. We are currently working with our strategic agenda going forward, and will communicate more on this after the summer holidays", Lång states.

Ahstrom and Munksjö shareholders' ownership
As of today, the shares of Ahlstrom do not entitle to any shares in Munksjö Oyj as consideration for the LP Europe demerger.
The shareholders of Ahlstrom Corporation will receive as demerger consideration 0.25 new shares in Munksjö Oyj for each share owned in Ahlstrom Corporation (i.e. the exchange ratio is 4:1). In case the number of shares received by a shareholder of the company as LP Europe demerger consideration would be a fractional number, the fractions shall be rounded down to the nearest whole number. No LP Europe demerger consideration will be paid on the basis of own shares held by Ahlstrom Corporation.

Next phase
The second phase of the combination, the demerger of Ahlstrom's Label and Processing business in Brazil (Coated Specialties), is expected to be completed during the second half of 2013.
Upon execution of the demerger of the Coated Specialties Business, the shareholders of Ahlstrom Corporation will receive as demerger consideration 0.265 new shares in Munksjö Corporation for each share owned in Ahlstrom Corporation. In case the number of shares received by a shareholder of the company as Coated Specialties demerger consideration would be a fractional number, the fractions shall be rounded down to the nearest whole number. No Coated Specialties demerger consideration will be paid on the basis of own shares held by Ahlstrom Corporation.
Ahlstrom will arrange a new Extraordinary General Meeting for the Shareholders on July 4, 2013, to approve the demerger plan for Coated Specialties, since the current authorization for the demerger expires on May 27, 2013.
The necessary clearances from competition authorities have been already received.
(Ahlstrom Corporation)

Newsgrafik #102804
 21.05.2013

Ahlstrom announces price increases for specialty papers worldwide   (Company news)

Ahlstrom, a global high performance fiber-based materials company, announces price increases on its specialty paper materials produced by the Label and Processing business. The price increases will be made to compensate for the continued high cost of raw materials and energy.
The price increases will affect all Label and Processing products worldwide and will be effective for all shipments made as of July 1, 2013. The increase will up to 7% and the amount and timing will depend on the markets served, the product and the agreements in place. Specific details will be discussed with each customer individually in the near future.
Products manufactured by Ahlstrom's Label and Processing business include graphic, packaging, processing, release and label papers. Their main end-use applications are release liners, self-adhesive labels, metalized wet glue labels, flexible packaging and repositionable notes. They are also used for the production of posters, abrasive materials and furniture foils. These specialty papers are manufactured in Brazil, France, Germany and Italy.
(Ahlstrom Corporation)

Newsgrafik #102661
 25.04.2013

Ahlstrom interim report January-March 2013: Net sales and profitability improved from Q4/2012  (Company news)

Picture: President and CEO Jan Lång

Continuing operations January-March 2013 compared with January-March 2012
-Net sales EUR 255.3 million (EUR 260.3 million).
-Operating profit EUR 8.3 million (EUR 10.7 million).
-Operating profit excluding non-recurring items EUR 6.5 million (EUR 10.6 million).
-Operating margin excluding non-recurring items 2.5% (4.1%).
-Profit before taxes EUR 4.0 million (EUR 6.0 million).
-Earnings per share EUR 0.05 (EUR 0.06).

January-March 2013 in brief
-Net sales and profitability improved from the weak fourth quarter of 2012, but remained below the comparison period.
-Ahlstrom entered into a collaboration agreement with Dow Water & Process Solutions (DW&PS), a business unit of the Dow Chemical Company, on using Ahlstrom's Disruptor® technology in drinking water applications.
-The company made changes to its financial segment reporting as of January 1, 2013 as the former Filtration business area was divided into two separate segments: Advanced Filtration and Transportation Filtration. In addition, a new reporting segment called Trading and New Business, has been added.

Outlook for 2013
The outlook published on January 31, 2013 remains unchanged. Net sales from continuing operations are expected to be EUR 980-1,140 million. The operating profit margin excluding non-recurring items from continuing operations is expected to be 2-5% of net sales.
(Ahlstrom Corporation)

Newsgrafik #102500
 11.04.2013

Ahlstrom reinforces its focus on wallcoverings  (Company news)

Ahlstrom, a global high performance fiber-based materials company, strengthens its focus on wallcoverings by continuing to invest in product development and production. Ahlstrom is a world leader in the production of materials for wallcoverings.
As part of Ahlstrom EasyLife(TM) product offering, Ahlstrom has developed a nonwoven wallcovering substrate at its Osnabrück plant in Germany. The products have been very well received by customers, and the product range will be expanded during this year with a number of new product launches.
In line with these product developments, an investment program has been carried out to ensure the high quality standards and efficiency needed. "We are fully committed to serving our customers from Osnabrück as well as developing the nonwoven product offering further and completing ongoing investments on the production line at the plant," says Laura Raitio, Executive Vice President, Building and Energy.
Ahlstrom is a global leader in wallcover substrates, offering the most comprehensive product range on the market. Its materials are manufactured in Europe and North America and are part of Ahlstrom's Building and Energy business area. In order to further support the development of the Chinese wallcovering market, Ahlstrom will start manufacturing nonwoven wallcover substrates in Binzhou, Shandong province in China. Production of the high quality and innovative wallcover substrates will start during the second half of 2013.
(Ahlstrom Corporation)

 

Ahlstrom submits a remedy proposal to the European Commission related to the proposed ...  (Company news)

... combination of Label and Processing and Munksjö

Ahlstrom and Munksjö have filed a remedy proposal to the European Commission related to the proposed combination of the Label and Processing business and Munksjö with respect to abrasive backings and pre-impregnated décor paper businesses.
Under the remedy proposal, Ahlstrom proposes that the abrasive backings and pre-impregrated décor paper lines in Osnabrück, Germany, will be divested to a third party in order to resolve the competition issues identified by the Commission. The potential effect of the proposed remedies on the previously identified synergies will be communicated in due course.
Following the remedy proposal, the EU Commission has extended the review phase related to the transaction until May 16, 2013.
The demerger of Ahlstrom's Label and Processing business in Europe is expected to be completed in the second quarter of 2013. However, as a consequence of the extended review by the EU, Ahlstrom expects to complete the demerger of the company's Label and Processing business in Brazil during the second half of 2013 instead of the previously targeted second quarter of 2013. The company will arrange a new Extraordinary General Meeting for the shareholders later in the year to decide on the demerger process related to the Brazilian business.
The EU commission opened a second phase investigation into the proposed combination in December 2012 with respect to abrasive backings and pre-impregnated décor papers.
(Ahlstrom Corporation)

Newsgrafik #102183
 06.03.2013

Ahlstrom showcases its expanded wallcoverings range in China  (Company news)

Ahlstrom, a global high performance fiber-based materials company, presents its expanded Ahlstrom Easylife(TM) wallcover range at the China Wallpaper Exposition in Beijing on March 7-10, 2013. The company is developing new products in order to strengthen its leadership in the Chinese wallcover market.
Ahlstrom Easylife(TM) product offerings range from 3D appearances to new backing and coated facing materials. Additionally, Ahlstrom will be partnering with HP, presenting its EasyLife(TM) digital printing products with HP's latest Latex printing technology. Ahlstrom EasyLife(TM) is quickly expanding into the digital arena and is positioned as one of the leading substrates for nonwoven digital wallcover applications.
Furthermore, Ahlstrom will sponsor the Ahlstrom EasyLife(TM) Cup, Wallcovering Design Contest at the China Wallcovering Expo, March 5-7, 2013. Here talented wallcovering designers will gather together, displaying their creative and exquisite work, many of which are based Ahlstrom EasyLife(TM) nonwoven materials. This type of contest is a great way to encourage creative and unique designs, facilitating the positive growth of the Chinese wallcover market.
All Ahlstrom's new wallcover substrates have been developed to reduce environmental impact, as sustainability is a key focus for Ahlstrom. All products utilize FSC pulp and are CE and RAL approved. Recycled polyester is used in several new products, a process that has reduced our cradle-to-gate environmental impact by 10%.
Ahlstrom is a global leading producer of wallcover substrates, producing the widest product range on the market. Its materials are manufactured in Europe and North America and are part of Ahlstrom's Building and Energy business area. In order to further support development of the Chinese wallcovering market, Ahlstrom will commence manufacture of nonwoven wallcover substrate in Binzhou, Shandong province. Production of high quality and innovative wallcover substrates will start during late 2013.

Ahlstrom booth at 12th China (Beijing) Wallpaper Exposition by Build Decor is E4-C08.
(Ahlstrom Corporation)

 

Ahlstrom receives a Statement of Objections from the European Commission related to the ...  (Company news)

... proposed combination of Label and Processing and Munksjö

Ahlstrom and Munksjö have received a Statement of Objections from the European Commission. The document issued by the EU addresses the competitive effects of the proposed combination of Ahlstrom's Label and Processing Business and Munksjö with respect to abrasive backings and pre-impregnated decor paper.
Ahlstrom and Munksjö are working closely with the EU Commission in order to resolve the competition issues identified by the Commission. No final decisions have been taken yet with regard to potential remedies. The potential effect of any remedies on the previously identified synergies will be communicated in due course.
As a consequence of the negotiations with the EU Commission, Ahlstrom now expects to complete the demerger of the company's Label and Processing business in Europe and other related measures forming the first phase of the planned transaction during the second quarter of 2013 instead of the previously targeted first quarter of 2013. The demerger of Ahlstrom's Label and Processing business in Brazil is still expected to be completed in the second quarter of 2013.
The EU commission opened a second phase investigation into the proposed combination in December 2012 with respect to abrasive backings and pre-impregnated décor papers. Following the investigation, the Commission will take a final decision on whether the combination would significantly impede effective competition in the European Economic Area (EEA) or any substantial part of it.
On November 27, 2012, Ahlstrom's Extraordinary General Meeting approved the demerger concerning Ahlstrom's Label and Processing business in Europe and the demerger concerning Ahlstrom's Label and Processing business in Brazil in accordance with the demerger plans.
(Ahlstrom Corporation)

Newsgrafik #101468
 11.12.2012

Mergers: Commission opens in-depth investigation into creation of   (Company news)

... and part of Ahlstrom.

The European Commission has opened an in-depth investigation under the EU Merger Regulation into the planned combination into a new merged entity of Munksjö AB, a Swedish-based manufacturer of high value-added paper products, and the European label and processing business of Ahlstrom Corporation (ALP), a Finnish manufacturer of high performance materials. The two entities would be transferred to a new company, "NewCo", through a series of transactions. The Commission's preliminary investigation indicated potential competition concerns in the markets of pre-impregnated paper ("PRIP") and abrasive paper backings, where NewCo would have high market shares both in the European Economic Area (EEA) and worldwide. The decision to open an in-depth inquiry does not prejudge the result of the investigation. The Commission now has 90 working days, until 29 April 2013, to take a final decision on whether the transaction would reduce effective competition in the EEA.
Commission Vice President in charge of competition policy Joaquín Almunia said: “This proposed merger in the paper industry would remove a competitor from some markets which are already highly concentrated. The Commission needs to make sure that effective competition is preserved and prevent harm to customers, particularly when the only few available sources of supply are at stake."
Munksjö and ALP produce, among others, PRIP, a kind of decor paper ultimately used in the furniture industry; abrasive paper backings, used as inputs for producing abrasive products such as sandpaper, sanding discs and belts; and electrotechnical paper, used for insulation of high voltage submarine cables, transformers, motors and generators.
The Commission’s initial investigation has shown that the proposed transaction would combine two leading suppliers of PRIP and abrasive paper backings, both in the EEA and worldwide. At this stage of the investigation, the Commission has concerns that the remaining competitors in both markets may not be able to exert sufficiently strong constraints on the behaviour of the merged entity. The removal of an important competitor may lead to a reduction of choice for customers and potentially an increase in prices for the products concerned.
The Commission will now investigate the proposed merger in-depth to determine whether these initial concerns are confirmed or not.
The transaction was notified to the Commission on 31 October 2012.
(European Union)

 

Ahlstrom announces price increases for its filtration materials worldwide  (Company news)

Ahlstrom, a global leader in high performance materials, announces price increases in the first quarter of 2013 for its filtration materials globally as a consequence of the continued high level of raw materials prices, such as specialty fibers, chemicals and energy.
The price increase will affect filtration materials produced by Ahlstrom globally. The level and timing of the increase will depend on the markets served, the raw material content of the product and the agreements in place. The increase will be between 5-10 %. Specific details will be discussed with each customer individually by the appropriate sales teams in the coming days.
(Ahlstrom Corporation)

 

Ahlstrom announces paper release liner recycling initiative in Europe  (Company news)

Ahlstrom, a global high performance materials company, and a leading producer of release papers, has today announced a new initiative for recycling silicone coated paper release liners used by the pressure sensitive adhesive (PSA) label industry.
This sustainability initiative aims to collect silicone coated supercalendered papers (commonly known as "glassine") once they have been utilized as carriers of PSA labels by end-users, such as brand owners or retailers. Ahlstrom will collect the materials through one or more logistics partners and will recycle them into specialty paper production at its Osnabrück plant in Germany.
Glassine paper release liners will be picked-up at no cost from end-users anywhere in Germany, Belgium, Luxemburg and the Netherlands, provided a minimum quantity of two tons per load. Avery Dennison Label and Packaging Materials Division will support this initiative and utilizes its contacts across the value chain in order to make label printers and brand owners aware sof this new opportunity.
Ahlstrom's recycling capacity will be sufficient to absorb release liner waste of a significant number of end-users. The initiative increases the recycling options available in the market and will help divert paper liner waste from landfill or incineration, while increasing the quantities recycled into paper.
"Thanks to Ahlstrom Osnabrück's convenient location in north-western Germany and the support of Avery Dennison, we trust this program will offer PSA label end-users an opportunity to increase their overall environmental performance" says Daniele Borlatto, Executive Vice President, Label and Processing. "Such programs also reinforce the position of paper as a uniquely sustainable material for the PSA industry".
(Ahlstrom Corporation)

 

Ahlstrom revises its outlook for 2012 net sales and operating profit  (Company news)

Ahlstrom's sales volume development during the remainder of the year is expected to be weaker than the company had earlier estimated due to lower than expected demand in key markets. Demand has been reduced due to the continued slowdown especially in the economies in Europe. In addition, recovery in China has been delayed.
Ahlstrom anticipates that its net sales and operating profit excluding non-recurring items for 2012 will be lower than the company had previously estimated.
The company now expects its net sales from continuing operations to be between EUR 1,550-1,630 million and operating profit excluding non-recurring items from continuing operations to be EUR 48-58 million. Ahlstrom had previously forecast its 2012 net sales to be EUR 1,575-1,735 million and operating profit excluding non-recurring items to be EUR 60-80 million for 2012.
(Ahlstrom Corporation)

 

Ahlstrom to increase filtration material capacity in Turin, Italy   (Company news)

Ahlstrom, a high performance materials company, will invest into additional capacity in filtration materials at its site in Turin, Italy. The investment will be operational by the third quarter of 2013 and will consist of an upgrade to a paper machine producing filter media for transportation and gas turbine applications.
Total investment is approximately EUR 10 million and it will significantly increase the Turin plant capacity to supply filter media to customers globally.
"This investment is another important step in our growth roadmap, where we are strengthening our platform in Europe. By expanding our filtration operations, we are reinforcing our position as a global supplier in the filtration market with a full offering of filter media," said Tommi Björnman, Executive Vice President Filtration.
"Our global filtration platform has grown significantly in the past two years, with the recent investments in the new saturator line in Turin, the expansion at our plant in Louveira in Brazil and the acquisition and the expansion of the Binzhou plant in China. We will continue to work with our customers to grow in regions where they are focused," added Gary Blevins, Vice President, Transportation Filtration.
(Ahlstrom Corporation)

 

Munksjö to form a leading global specialty paper company  (Company news)

Munksjö to combine with Ahlstrom’s Label and Processing business area forming a world leading company in specialty paper with EUR 1.3 billion in net sales
• A new company will be created, a Finnish company named Munksjö Corporation with its head office in Stockholm, Sweden
• Munksjö Corporation is expected to achieve annual synergies of about EUR 25-30 million once fully implemented
• Munksjö Corporation is expected to be listed on NASDAQ OMX Helsinki during Q1/2013. A future listing on NASDAQ OMX Stockholm is being considered
• The combination is a natural step in Munksjö’s growth strategy within specialty paper after the acquisition of the Decor, Abrasives, Thin Print Papers and Fine Art businesses of ArjoWiggins in 2011

Munksjö and Ahlstrom Corporation have agreed on combining Ahlstrom’s Label and Processing business area with Munksjö, forming a new company to be named Munksjö Corporation. The new company will be a global leader in specialty paper with combined net sales in 2011 of EUR 1.3 billion. The new company will have approximately 3,300 employees at 16 production sites in Europe, Brazil and China.
“The planned combination is the natural next step in Munksjö’s strategy to become a leading, global specialty paper company, following the acquisition of ArjoWiggins’ Decor, Abrasives, Thin Print Papers and Fine Art businesses in 2011. It will lead to strengthened competitiveness and efficiency and bring added growth opportunities to the company, organically as well as strategically”, says Jan Åström, President and CEO of Munksjö.
Following the proposed transaction Munksjö´s current shareholders will own approximately 29 percent of the new company and Ahlstrom’s current shareholders will own approximately 50 percent. Institutional investors Varma and Ilmarinen as well as Ahlstrom and EQT III have been offered shares in a EUR 100 million directed share issue. The directed share issue is fully subscribed. The new company has fully committed credit facilities with a net debt of approximately EUR 300 million at closing, leading to a capital structure well in line with the peer group.
Trading of the shares in the new company is expected to commence during the first quarter of 2013 on NASDAQ OMX Helsinki.

Transaction rationale
The clear strategic fit between the two business both with speciality paper as the core business, will serve as a platform for continued growth.
The new combined company will become one of the world’s largest specialty paper companies with strong market positions in attractive market segments. Munksjö will, after the transaction, offer and serve its global customers with a unique product offering for a large number of fibre-based industrial applications and consumer-driven products. The customer relationships, deep knowledge of customer needs and high technical expertise in production and product development will contribute to the sustainability of these strong market positions.
The transaction is expected to create synergies in the form of cost savings and efficiency improvements. Annual synergies, once fully implemented, are estimated to reach EUR 25-30 million, mainly relating to purchasing, production efficiencies, pulp, logistics and sales. Of the identified synergies, 60 percent are expected to be achieved within 12 months following the closing of the transaction. The remaining synergies are expected to be reached within the following two to three years.
(Munksjö Paper AB)

 

Ahlstrom plans to close its plant in Barcelona  (Company news)

Ahlstrom, a global high performance materials company, plans to close its plant in Barcelona, Spain. The plant, which manufactures products for advanced and transportation filtration businesses, has suffered from continued weakening demand in Southern Europe. The company estimates that about 30 employees will be affected starting from the second half of 2012.
The Barcelona plant, part of the Filtration business area, is one of the Ahlstrom's smallest production units. The plant has a saturator and a converter unit for materials used in transportation and advanced filtration applications. In the future, customers will be served from Ahlstrom's other plants.
The measures taken by Ahlstrom to improve the efficiency at the plant have unfortunately not proved sufficient. The company will make every effort in supporting employees affected by the changes.
(Ahlstrom Corporation)

 

Ahlstrom announces price increases for its Label and Processing papers worldwide   (Company news)

Ahlstrom, a global high performance materials company, announces price increases on its specialty paper materials produced by the Label and Processing business area, as a consequence of the recent rises in raw material and energy costs.
The price increase will affect all Label and Processing products worldwide and will be effective for all shipments made as of June 1, 2012. The increase range will vary depending on the products and markets. Specific details will be discussed with each customer individually.
Products manufactured by Ahlstrom's Label and Processing Business Area include graphic, packaging, processing, release and label papers. Their main end-use applications are release liners, self-adhesive labels, metalized wet glue labels, flexible packaging and repositionable notes. They are also used for the production of posters, abrasive materials and furniture foils. These specialty papers are manufactured in Brazil, France, Germany and Italy.
(Ahlstrom Corporation)

 

Ahlstrom's ownership in Jujo Thermal to increase to 50%   (Company news)

Ahlstrom, a high performance materials company, announces that its ownership in associated company Jujo Thermal Ltd. will increase to 50% from the current 41.7%.
Jujo Thermal has decided to redeem the shares of its minority shareholder Mitsui & Co. Ltd. As a result, Jujo Thermal's remaining shareholders Nippon Paper Group and Ahlstrom Corporation each own 50% of the company. Ahlstrom will continue to include Jujo Thermal's financial figures in its consolidated financial statements as an associated company.
Jujo Thermal is one of the world's leading suppliers of durable direct thermal papers for label, tickets and tags and point-of-sales use. The company is based in Kauttua, Finland.
(Ahlstrom Corporation)

 

Ahlstrom introduces new embossable wallcoverings at 2012 China Wallcovering Expo  (Company news)

Ahlstrom, a global high performance materials company, announced that it will present its revised Ahlstrom EasyLife(TM) product range at China Wallcovering Expo 2012, in Beijing, China on March 2-5, 2012. China Wallcovering Expo is one of the major wallcovering tradeshows in China.
The revised EasyLife product range will feature new embossable materials, offering additional 3D capabilities which will enhance the design possibilities in wallcovers. All new products have been developed sustainably to minimize their environmental impact. All Ahlstrom wallcoverings utilize certified pulp, and the materials conform to the industry standards (CE and RAL). Recycled polyester is used in several new products and Ahlstrom is reducing the use of chemical binders, through substitution with natural binders.
At the tradeshow, Ahlstrom, together with the China Wallcovering Association, will present a catwalk show, where models will be dressed in clothes made of wallcovering. This demonstrates the link wallcover has with fashion, and illustrates the textile like touch and aesthetic features of Ahlstrom EasyLife. Additionally, Ahlstrom and its Chinese partner, Shanghai East Star Environmental Inks, which is China's leading supplier of water-based inks to the wallcovering industry, will introduce a "Certificate of Authenticity" which will enable customer wallcover collection books to be clearly identified as exclusively containing high performance Ahlstrom materials.
China is the biggest and fastest-growing market for premium wallcovering products. According to Strategic Analysis Inc., the demand for nonwoven based premium wallcoverings will increase by an annual rate of 39% (CAGR) from 2010 to 2015. Ahlstrom is one of the leading suppliers of nonwoven substrates to China and the company has been present in the market for 10 years. Ahlstrom recently announced plans to invest EUR 30 million in a new wallcover substrates production line at its Binzhou plant.
Ahlstrom is a global leading producer of wallcover substrates, producing the widest product range on the market. Its materials are manufactured in Europe and North America and are part of Ahlstrom's Building and Energy business area.
Ahlstrom booth at China Wallcovering Expo is D6.
(Ahlstrom Corporation)

 

Ahlstrom achieves Registered Latex Developer certification from HP  (Company news)

Ahlstrom Corporation, a global high-performance materials company, has taken part in the HP Registered Latex Development Program and a wide number of Ahlstrom's poster papers and wallcover substrates have met the HP compatibility standard. After successful completion of the certification tests on different large-format HP Latex printers, Ahlstrom has been granted the certification of HP Registered Latex Developer.
"Latex Printing Technologies are fast growing in the area of large format digital print. The technology increases productivity, offering gains in flexibility, sustainability, and ultimately achieving enhanced creative graphics. At Ahlstrom, in order to stay ahead, we anticipate changes. We are using progressive technology to continuously provide substrates that are compatible with the most advanced machines and deliver excellent results. By participating actively in the HP Registered Latex Development Program, we are demonstrating our strong commitment to advance the standards in poster paper and wallcovering industry. These efforts continuously support printers in tackling today's new challenges." explains Juergen Oess, Vice President, Processing, Ahlstrom.
Ahlstrom ChantafficheTM poster papers are used for outdoor and indoor advertising applications, including billboard and modern street furniture, such as citylight, megalight or scrolling units. Ahlstrom EasylifeTM wallcover media is used for direct printing of facing materials for wall decoration.
(Ahlstrom Corporation)

 

Ahlstrom to present new release paper for premium self-adhesive graphics at Fespa Digital  (Company news)

Ahlstrom, a global high performance materials company, announced it will launch SilcoTM Flat Premium, a new release paper for premium pressure sensitive adhesive (PSA) graphics, at Fespa 2012, in Barcelona on February 21-24, 2012.
Large format PSA graphics are used to apply eye-catching decoration or advertising to large surfaces in architecture, retail, vehicles or exhibitions. Those graphic laminates require specially designed release liners for a well performing lamination process, a precise printing and an outstanding visual effect of the applied film.
As a leading global release papers supplier, Ahlstrom offers a specific range of products for PSA graphic laminates, which is today expanded with the introduction of Ahlstrom SilcoTM Flat Premium, designed for the most demanding PSA graphic applications. This new two-side clay coated release paper has been developed for lamination with the most sensitive adhesive graphics materials, such as thin transparent films or cast vinyls.
Its effective back side moisture barrier ensures excellent dimensional stability and lay-flat for an impeccable print of the vinyl. The increased smoothness on both sides of the paper avoids orange peel effect and enhances the glossiness of vinyl films. As no pattern is transferred to the adhesive layer, also the level of clarity of the transparent films remains high.
"With this new release paper, PSA manufacturers will be able to satisfy the most demanding applications, while printers and end-users will enjoy superior lay-flat and highly attractive graphics. Exhibiting at Fespa digital 2012, an event entirely dedicated to wide format digital printing, is an ideal opportunity to introduce Ahlstrom Silco(TM) Flat Premium. We also look forward to tackling the coming new challenges of the fast changing digital printing world for continuous improvement," says Marco Martinez, Product Manager, Release & Label.
(Ahlstrom Corporation)

 

Ahlstrom's Global Filtration Technical Center advances filtration testing  (Company news)

Ahlstrom Corporation, a global high-performance materials company, announced that it has completed significant upgrades to its Global Filtration Technical Center in Turin, Italy.
Ahlstrom has been investing in testing and processing equipment in its Global Filtration Technical Center in Turin during the last year. Now the state of the art technical center is equipped with various filtration testing and simulation equipment. Testing can be carried out as finished filters or flat sheet configuration, and the testing facility focuses on research and development for all transportation, air and liquid filtration applications.
In addition to the several filtration testing equipment, the center provides access to pleaters and processing equipment in order to build prototypes and simulate real life filtration conditions in order to achieve the specific performance needed for filtration norms and applications.
Investments made at the Technical Center offer support and expertise knowhow to all Ahlstrom global customers. "Our investment to the testing and development facility is yet another example of our commitment to the filtration market. We are now better equipped to collaborate with our customers and work together to develop the next generation filtration ideas," states Tommi Björnman, Executive Vice President, Filtration.
(Ahlstrom Corporation)

 

Ahlstrom concludes profit improvement program   (Company news)

Ahlstrom Corporation, a global high-performance materials company, concludes its profit improvement program with measures affecting a total of 57 people in different locations.

Ahlstrom has decided to reduce 35 employees at its Jacarei plant in Brazil, part of the Label and Processing business area, due to the weakened market conditions in coated papers in South America. In addition, streamlining measures at other plants affect a total of 22 people.

The measures are the final steps in the profit improvement program, announced on October 18, 2011. Under the program, the company announced profit improvement measures impacting a total of 362 employees in various plants worldwide. The program is expected to improve annual operating profit by approximately EUR 15 million starting from the year 2012. The overall impact of the non-recurring items of the program is cash neutral.

Ahlstrom will book non-recurring costs of about EUR 1.4 million primarily for the measures at Jacarei in its fourth-quarter 2011 financial results. For the entire profit improvement program, the company incurred a non-recurring cost totaling EUR 33.4 million, of which EUR 25 million was booked in the third-quarter and EUR 8.4 million will be booked in the fourth-quarter 2011 results.

Ahlstrom will make every effort in supporting employees affected by the change.
(Ahlstrom Corporation)

 

Ahlstrom continues profit improvement program to address its underperforming units   (Company news)

Ahlstrom Corporation, a global high-performance materials company, continues its profit improvement program to address underperforming businesses. Further measures will be taken in the Building and Energy business area, affecting a total of 81 people in Bishopville and Mikkeli.
Ahlstrom has decided to close its Bishopville plant in the U.S. The plant, which manufactures glassfiber specialty reinforcements, has suffered from weakening demand in the wind energy business in North America. As a result, a total of 74 employees will be affected starting from January 2012.
The co-operation negotiations, started in September at the Mikkeli plant in Finland, will lead to a reduction of 7 employees, starting from December 2011. The production of glassfiber reinforcements at the site will continue as before.
The measures in Bishopville and Mikkeli are part of the profit improvement program announced on October 18, 2011. The program is expected to improve annual operating profit by approximately EUR 15 million starting from 2012 and may affect about 400 employees. The overall impact of the non-recurring items of the program is cash neutral.
The company has to date booked a non-recurring cost of appr. EUR 32 million relating to the program: EUR 25 million in the third-quarter 2011 results and for the decisions announced today, a non-recurring cost of appr. EUR 7 million in the fourth-quarter 2011 financial results.
Ahlstrom will make every effort in supporting employees affected by the changes with various measures.
(Ahlstrom Corporation)

 

Ahlstrom to launch Acti-V innovative release paper technology at LabelExpo Europe  (Company news)

Ahlstrom, a global high performance materials company, announced it will launch Acti-VTM, a new generation of release papers for silicone coating, at LabelExpo Europe 2011, held in Brussels from September 28 to October 1.
Once coated with silicone, release papers act as carriers of Pressure Sensitive Adhesive (PSA) labels and must ensure trouble-free label printing, cutting and application at very high speed to a wide range of products.
Ahlstrom has developed Acti-VTM, a new patented release paper technology that will enable silicone coaters and PSA materials producers to increase significantly their manufacturing speed and capacity, to save catalyst and energy costs, and simultaneously improve the product reliability.
This innovative technology transforms an inert carrier paper into an active player in the silicone curing and anchorage process. With Ahlstrom Acti-VTM release papers, silicone curing happens faster and requires less catalyst (platinum) and energy. At the same time silicone anchorage is stronger and more durable, even in challenging environmental conditions.
"This new technology is the result of several years of research, focused on the operational challenges of our customers. The outcome is highly innovative: it will enable our customers to greatly improve the productivity of their silicone coaters and to reduce the total cost of ownership of their product. Our customers will free the full potential of their equipment, gain in flexibility and increase their process efficiency in ways they never thought possible." says Daniele Borlatto, Executive Vice President, Label and Processing.
(Ahlstrom Corporation)

 

Ahlstrom starts co-operation negotiations at Karhula and Mikkeli plants  (Company news)

Ahlstrom Corporation, a global high performance materials company, will start on September 1, 2011, co-operation negotiations with employee representatives at its Karhula and Mikkeli plants in Finland. The negotiations concern all personnel at the sites, with the aim of improving profitability of the units.
Ahlstrom manufactures glassfiber, specialty reinforcements and glassfiber tissue in Karhula and Mikkeli. Previous efficiency improvement measures implemented at the sites have not been sufficient. Profitability has weakened as competition, particularly in glassfiber markets and specialty reinforcements used by the wind energy industry, has intensified significantly. In addition, the company has not been able to fully compensate for the increased raw material and energy costs by higher selling prices.
The plants in Karhula and Mikkeli are part of Ahlstrom's Building and Energy Business Area. The Karhula plant employs 267 permanent employees, of whom 190 are blue-collar and 77 white-collar. The Mikkeli plant employs 135 permanent employees, of whom 97 are blue-collar and 38 white-collar. In case the negotiations lead to personnel reductions, Ahlstrom estimates a maximum of 230 persons to be impacted. Temporary layoffs are also discussed in the negotiations.
(Ahlstrom Corporation)

Newsgrafik #84501
 27.07.2011

Changes in the Executive Management Team of Ahlstrom Corporation  (Company news)

Claudio Ermondi (photo), Executive Vice President, Product & Technology Development and member of the Executive Management Team, has resigned from Ahlstrom Corporation. The change is effective as of yesterday.
Claudio Ermondi joined Ahlstrom in 1984 and has been a member of the Executive Management Team since 2005.
Paul H Stenson, Executive Vice President, Business Development and Executive Management Team member, will take over Claudio Ermondi's responsibilities.
We thank Claudio Ermondi for his contribution during his long career at the company and wish him all the best in his future challenges.
(Ahlstrom Corporation)

Newsgrafik #82841
 06.07.2011

Changes in the Executive Management Team of Ahlstrom Corporation  (Company news)

Patrick Jeambar (65, in the photo left), Executive Vice President, Label and Processing Business Area, will step down from the Executive Management Team of Ahlstrom Corporation as of September 1, 2011.
Daniele Borlatto (42, in the photo right), Vice President, Release & Label and Supply Chain, will succeed Patrick as the Executive Vice President, Label and Processing Business Area. He will take over his new role on September 1, 2011, when he will also become a member of the Executive Management Team. Daniele Borlatto will report to Jan Lång, President and CEO.
Daniele Borlatto has been working at Ahlstrom since 1990 in various senior roles, including as a member of the Executive Management Team in 2007-2010.
Patrick Jeambar will continue to work at the company during a transition period to support Daniele Borlatto in taking over his duties. Patrick Jeambar joined Ahlstrom in 1996 and has been a member of the Executive Management Team since 2003.
(Ahlstrom Corporation)

 

Ahlstrom makes a major investment to wallcover materials manufacturing in China  (Company news)

Ahlstrom, a global high-performance materials company, announced that the company will invest a total of EUR 30 million to a new nonwowen wallcover substrates production line at its Binzhou plant in China, where the company is already manufacturing filtration materials. Deliveries from the new line are expected to start early 2013.
According to Jan Lång, CEO and President of Ahlstrom, the investment plays a significant role in the company's growth strategy in Asia. "Ahlstrom has a strong presence in Europe and Americas, and we continue to grow our presence in Asia as well. China is expected to be the world's largest market for wallcovers in a few years time, offering a significant growth potential in the coming years".
"We will use Ahlstrom's extensive know-how and experience in wallcover manufacturing in responding to the market needs in China. We are extremely pleased that we will have the opportunity to grow together with and serve our customers from a local production plant in China", said Laura Raitio, Executive Vice President, Building and Energy, Ahlstrom.
Ahlstrom's Binzhou plant is located in the Shandong province on China's eastern coast. The plant currently manufactures transportation filtration materials and employs 170 people. The new wallcover materials production line will employ a total of 50 people locally. In addition to Binzhou, Ahlstrom has two other manufacturing sites in Asia; Hyun Poong in South Korea and Mundra in India. In addition to the manufacturing plants, Ahlstrom has sales offices in nine major cities in Asia. In total, Asia accounts for approximately 10 percent of the Group's net sales. (Ahlstrom Corporation)

 

Ahlstrom announces price increase for its graphics and packaging products worldwide  (Company news)

Ahlstrom, a global high performance materials company, announces price increases on its graphics and packaging products as a consequence of the rise in raw material, chemicals and energy costs.
The price increase will affect all graphics and packaging products worldwide and will be effective for all shipments made as of July 1, 2011. The increase will vary up to 10 percent, depending on products and markets. Specific details will be discussed with customers.
Ahlstrom's graphics and packaging products are part of the Label and Processing Business Area and their end-use applications include metalized wet glue labels, flexible packaging, envelope windows and repositionable notes. (Ahlstrom Corporation)

 

Luc Rousselet appointed Executive Vice President, Supply Chain at Ahlstrom  (Company news)

Luc Rousselet, (born 1957) Master in Business Administration and Chemical Engineer, is appointed Executive Vice President, Supply Chain, and member of the Executive Management Team as of June 15, 2011, at Ahlstrom Corporation. Rousselet will report to Jan Lång, President and CEO.
Luc Rousselet will be responsible for developing the global supply management and processes of the Group, including manufacturing, sourcing and logistics.
Prior to joining Ahlstrom, Rousselet has been holding various senior positions at 3M Group since 1991, last as Supply Chain and Distribution Director, France. He has also worked for example as Site Manager in France, Lean Six Sigma Master Black Belt in Europe and Manufacturing Operations Manager in the US at the Medical Services Business Division. (Ahlstrom Corporation)

 

Ahlstrom renews its brand to reflect the new strategy and markets  (Company news)

Ahlstrom, a global high performance materials company, is launching a renewed brand. The new brand identity is the visual expression of the company's new business strategy, which has been developed as a response to the changing needs of its customers around the world.
Ahlstrom has been building on its experience and know-how to anticipate customer needs. Recently, the company has made some fundamental changes in its strategy and operating model, and the company is now positioned strongly towards the future.
To reflect all these changes, Ahlstrom unveils a new brand story and brand identity. They are the result of an extensive research among employees and external stakeholders across all the different markets and countries in which the company operates.
"Following the acquisitions made during the last few years and the recent strategy review, we have worked hard to create 'One Ahlstrom', to ensure that this is a company with strong values and consistent culture and a shared passion for doing things better. That means better products, better performance and better service for all our customers. To crystallize this we also needed to change the way we identify and present ourselves," says Jan Lång, the President & CEO of Ahlstrom.
"As an inspiration for our employees and as a promise to our external stakeholders, we'll strive to Stay ahead. We've come a long way because progress has always been our life-blood. We need to ensure our customers stay ahead" Lång adds.
All these themes are brought together in Ahlstrom's new logo and the new brand promise, Stay ahead. The brand identity consists of completely new colors and other visual elements, which reflect the company's commitment to renewal and delivering results.
Ahlstrom celebrated the launch of its brand at a premier night in which a TV documentary of the company's 160-year journey was presented to a large audience of invited guests. The documentary has been broadcasted on MTV3, the main commercial Finnish TV channel, on March, 6. (Ahlstrom Corporation)

 

Ahlstrom to increase transportation filtration material capacity in Turin, Italy  (Company news)

Ahlstrom, a global leader in nonwovens and specialty papers, will invest into additional capacity in transportation filtration material at its site in Turin, Italy. The total investment is approximately EUR 17.5 million and it will be completed in the fourth quarter of 2012.
Tommi Björnman, Executive Vice President, Filtration, states on the investment:
"We have been pleased to grow with our key customers and as a commitment to the filtration business we are expanding the operation with state of the art equipment. This is an important step in our global growth roadmap where we have strengthened our global platform first in Asia and now in Europe. We will also continue to keep our focus on the Americas - both North and South America - hence being a global supplier in the filtration market with a full offering of filter media." (Ahlstrom Corporation)

Newsgrafik #67913
 28.12.2010

Appointment in Ahlstrom's Executive Management Team  (Company news)

Ahlstrom Corporation, a global leader in nonwovens and specialty papers, appoints its Chief Financial Officer Seppo Parvi as deputy for the President as of January 1, 2011. Parvi will continue in his duties as the CFO and member of the Executive Management Team as before. (Ahlstrom Corporation)

 

Ahlstrom announces price increases on its wiping fabrics worldwide  (Company news)

Ahlstrom Corporation, a global leader in nonwovens and specialty papers, announces price increases on its wiping fabrics as a consequence of the rise in raw material costs.
The price increase will affect all wiping fabrics worldwide and will be effective as of January 1, 2011. The detailed actions will be discussed with customers through the appropriate business teams. (Ahlstrom Corporation)

 

Ahlstrom announces price increases for its masking tape papers and specialty crepe and...  (Company news)

...parchment products

Ahlstrom, a global leader in nonwovens and specialty papers, announces price increases worldwide on its masking tape papers and specialty crepe and vegetable parchment products.
The price increases will be effective as of January 1, 2011 and will be in average 5 percent, depending on the products. Specific details will be discussed with each customer individually.. Even though pulp prices have stabilized, increased costs related to other raw materials make it necessary for Ahlstrom to adjust its prices.
Ahlstrom offers a full range of Masking Tape papers mainlty to the automotive and construction industries. In addition, Ahlstrom specialties products serve widely industries such as furniture and textile tubes. These products are manufactured by Ahlstrom's Food and Medical Business Area in different production sites in France, Finland and United States. (Ahlstrom Corporation)

 

Ahlstrom to exit Sealing & Shielding business through the sale of Altenkirchen site in Germany  (Company news)

Ahlstrom Corporation, a global leader in nonwovens and specialty papers, has today signed an agreement to exit its Sealing & Shielding business unit through the sale of Ahlstrom Altenkirchen GmbH in Germany. The acquirer is Interface Solutions, a portfolio company of Pennsylvania-based family owned private equity fund Susquehanna Capital.
The value of the transaction is approximately EUR 6.5 million.
Ahlstrom Altenkirchen GmbH, which is part of Ahlstrom's Label and Processing Business Area, is located in the German state of Rheinland-Pfalz. The plant has two paper machines and employs approximately 130 people. Its products include gasket and heat shield materials for the automotive industry and calender bowl materials for the paper industry.
Products manufactured by the Altenkirchen site differ technically from the other nonwoven and specialty paper products made by Ahlstrom and therefore do not fit strategically with the company's portfolio. Interface Solutions is a global leader in gasket materials for the automotive industry.
It is anticipated that the transaction will be completed by the end of 2010. Ahlstrom will book a non-recurring gain of approximately EUR 5 million from the transaction in its fourth-quarter financial results. The completion of the transaction is subject to customary closing conditions. (Ahlstrom Corporation)

 

Ahlstrom announces price increase on its calender bowl materials  (Company news)

Ahlstrom, a leading developer and producer of nonwovens and specialty papers, announces price increase on its calender bowl materials worldwide as a consequence of the rise of raw materials costs.
The price increase will be effective as of November 15, 2010 and will vary from 8 to 10 percent, depending on the products and agreements in place. Specific details will be discussed with each customer individually.
The price of cotton, a key raw material in the manufacturing of high quality calender bowl materials, has increased substantially and makes it necessary for Ahlstrom to adjust its prices. (Ahlstrom Corporation)

 

Ahlstrom launches a new sheeting line for poster papers in Osnabrück, Germany  (Company news)

To further strengthen its leading market position in the range of outdoor poster papers, Ahlstrom, a global leader in nonwovens and specialty papers, has invested in a new paper sheeting line in its Osnabrück plant in Germany.
Thanks to the new line, Ahlstrom is able to enhance its service offering for poster papers. With the new sheeting line, the sheeting of mother reels can now be done in-house, which makes the process faster and more cost-efficient. This investment enables Ahlstrom to offer higher flexibility and better quality control to its customers.
The new equipment can sheet poster papers up to a maximum format size of 1,60 x 2,10 m which covers 90% of the current market demand for outdoor poster papers in sheets.
In addition to poster papers, the Osnabrück plant produces release liners as well as base papers for abrasives, furniture foils and wallpapers. (Ahlstrom Corporation)

 

Ahlstrom's new plant in Binzhou, China inaugurated today  (Company news)

Ahlstrom Group, a leading developer and manufacturer of nonwovens and specialty papers, today celebrates the inauguration of its new facility in Binzhou, Shandong province, in northeastern China. The plant produces transportation filtration materials and currently employs 170 people. Ahlstrom acquired the plant from Purico Group which it announced earlier this month.
According to Ahlstrom's President & CEO Jan Lång the acquisition plays a significant role in Ahlstrom's growth strategy in Asia.
"In addition to Ahlstrom´s strong footprint in Europe and the Americas, we have lately started to establish a solid manufacturing platform in Asia as well. Ahlstrom´s strengthened presence in China will also help us to better serve our global customers based in the area, increase our market share and build a platform for further growth in the region. As China is among the world's fastest growing major economies and the the industry of filtration media for transportation is growing at an annual rate of over 10%, the market in the country is expected to grow significantly in the coming years", Jan Lång says.
In addition to the Binzhou plant, Ahlstrom has three other manufacturing sites in Asia: one in Hyun Poong, South Korea, one in Mundra, India, and one in Wuxi, China. The Hyung Poong plant also manufactures filtration materials for automotive industry where as the Mundra plant produces nonwoven fabrics for the medical market and the Wuxi site for dust filtration. In addition to the manufacturing plants, Ahlstrom has sales offices in nine major cities in Asia. Altogether, Asia currently accounts for about 10% of the Group's net sales.
(Ahlstrom Corporation)

Newsgrafik #60001
 23.09.2010

Change in Ahlstrom's Executive Management Team  (Company news)

Ahlstrom, a global leader in nonwovens and specialty papers, announces a change in its Executive Management Team. Deputy of President and CEO Risto Anttonen, who is responsible for business development, will retire by December 31, 2010. His responsibilities will be transferred to other members of the Executive Management Team after Anttonen's retirement.
Risto Anttonen joined Ahlstrom in 1991 and has held several senior executive positions in the company.
"I would like to thank Risto for his excellent contribution to Ahlstrom and wish him the best of success in the future," says Jan Lång. (Ahlstrom Corporation)