06 July 2006
06 July 2006
Ahlstrom will invest approximately EUR 5.2 million (USD 6.5 million) in a new specialty glass fibre reinforcement plant in the USA.
The investment will consist of new machinery and building located in Darlington, South Carolina, USA, where Ahlstrom's Filtration business area already operates a plant. The construction work will begin in summer 2006, and is estimated to be completed in early 2007. The plant will mainly serve North American customers and other dollar-based markets.
""Ahlstrom has lately strengthened its global market position as a specialty reinforcement supplier, especially for the wind energy and marine industries. These markets are growing faster than the composites markets on average. This investment further supports Ahlstrom's global growth strategy and enables synergies within the company"", says Jukka Moisio, President and CEO of Ahlstrom Corporation.
""Our target is to continue profitable growth at a rate that exceeds the market average. In March 2006, Ahlstrom announced the investment to build a new glass fibre tissue plant in Tver, Russia, which will be in operation in the fourth quarter of 2007. The expansion of our Mikkeli specialty reinforcement plant in Finland will be ready in October this year and the new plant in the USA in early 2007. Next year Ahlstrom will have glass nonwovens production in Europe, in the USA and Russia. In addition, the glass nonwovens markets in Asia offer attractive growth opportunities for Ahlstrom"", says Tommi Björnman, Senior Vice President, Glass Nonwovens.
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