Home / Knowledge / News / Textiles / Ahlstrom to exit Dust Filtration material businesses
Ahlstrom to exit Dust Filtration material businesses
09
Dec '10
Ahlstrom, a global leader in nonwovens and specialty papers, today announces the exit from most of its Dust Filtration material businesses through the sale of the Wuxi plant in China and three production lines in Bethune in the USA to Andrew Industries.

The value of the transaction is approximately EUR 5.3 million. Dust Filtration is part of Ahlstrom's Filtration Business area.

Both plants make dust filtration materials used in applications such as bag house filtration for pollution control. Ahlstrom has concluded that dust filtration materials produced at the Wuxi and Bethune sites do not fit strategically its product portfolio.

The Wuxi plant in the Jiangshu province employs about 40 people.

In Bethune, South Carolina, Andrew will transfer the three dust filtration production lines to its own sites. The transaction will affect the 48 people employed at the Dust Filtration business, while Ahlstrom will investigate possibilities to offer employment for some of the staff. The Bethune plant currently employs about 190 people in total. Ahlstrom will continue to manufacture nonwovens for wipes and advanced liquid filtration products at the site.

Both transactions are expected to be completed by the end of first quarter 2011. Ahlstrom will book approximately EUR 5.2 million as a non-recurring loss from the transaction in its fourth-quarter 2010 financial results. The completions of the transactions are subject to customary closing terms.

Asia remains a key strategic growth region for Ahlstrom. The company acquired in September a transportation filtration material plant in Binzhou, China and announced in October a joint venture with Yulong Paper Co. in Longkou for production of crepe papers in the country. The Group currently generates about 10 percent of its annual net sales from Asia.

Ahlstrom Corporation

Must ReadView All

Courtesy: Reliance Industries

Textiles | On 24th Apr 2017

Reliance’s FY17 revenue from petrochemicals up 12.2%

Increase in prices across polymers and polyester chain has...

Textiles | On 24th Apr 2017

India, Kazakhstan to increase cooperation in textiles

Indian and Kazakhstan are deliberating upon increasing cooperation in ...

Textiles | On 24th Apr 2017

GST reflects 'One nation, One aspiration' spirit: Modi

Prime Minister Narendra Modi has said that the Goods and Services Tax ...

Interviews View All

Arvind Saraf
Triveni Sarees

e-Commerce is still evolving fast with constant flux and surprises

Sanjay Yagnik
Maa Tex Speciality

‘We suggest reducing dosage of sizing chemicals to reduce sludge...

Nitin Soni
Dolphin Jingwei Machines

Taxation policies need to be made simpler

Eric Scholler
Groz-Beckert

The Indian market has huge potential in technical textiles, and by far,...

Mohammad Hassan
Biax Fiberfilm

About one in every 20 patients picks up an infection while hospitalised....

Suresh Patel
Sidwin Fabric

Sidwin Fabric is a manufacturer and exporter of polypropylene textiles and ...

Sanjukta Dutta
Sanjukta's Studio

<b>Sanjukta Dutta</b> creates unique garments by clubbing prints of...

Mike Hoffman
Gildan Activewear SRL

Gildan Activewear, a manufacturer and marketer of branded clothing and...

Igor Chapurin
Chapurin

"Now we can see the Russian trend in international fashion. And Russian...

Press Release

Press Release

Letter to Editor

Letter to Editor

RSS Feed

RSS Feed

Submit your press release on


editorial@fibre2fashion.com

Letter To Editor






(Max. 8000 char.)

Search Companies





SEARCH
April 2017

April 2017

Subscribe today and get the latest update on Textiles, Fashion, Apparel and so on.

SUBSCRIBE


Browse Our Archives

GO


E-News Insight
Subscribe Today and Get the
Latest News Update in Your Mail Box.
Advanced Search