Ahlstrom to withdraw from Porous Power Technologies
(Thomson Reuters ONE) -
Ahlstrom Corporation STOCK EXCHANGE RELEASE October 9, 2014 at 8.30
Ahlstrom to withdraw from Porous Power Technologies
Ahlstrom, a high performance fiber-based materials company, has decided not to
make any further investments in Porous Power Technologies, LLC. The U.S.-based
subsidiary has not been able to develop its nonwoven battery separator solution
into a product that would be qualified by potential customers.
As a consequence, the Board Members of Porous Power Technologies have decided to
wind down operations in an orderly manner. Ahlstrom will book net of tax an
impairment loss of approximately EUR 8 million in its third-quarter 2014
financial results. The impairment will not have any material cash effect.
Ahlstrom acquired a 49.5% stake in Porous Power Technologies in 2011 and now
holds approximately 60% of the shares in the company.
For more information, please contact:
Liisa Nyyssönen
VP, Communications
Tel. +358 10 888 4757
Ahlstrom in brief
Ahlstrom is a high performance fiber-based materials company, partnering with
leading businesses around the world to help them stay ahead. We aim to grow with
a product offering for clean and healthy environment. Our materials are used in
everyday applications such as filters, medical fabrics, life science and
diagnostics, wallcoverings and food packaging. In 2013, Ahlstrom's net sales
from the continuing operations amounted to EUR 1 billion. Our 3,500 employees
serve customers in 24 countries. Ahlstrom's share is quoted on the NASDAQ OMX
Helsinki. More information available at www.ahlstrom.com.
This announcement is distributed by GlobeNewswire on behalf of
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(i) the releases contained herein are protected by copyright and
other applicable laws; and
(ii) they are solely responsible for the content, accuracy and
originality of the information contained therein.
Source: Ahlstrom Oyj via GlobeNewswire
[HUG#1861719]
Unternehmensinformation / Kurzprofil:
Datum: 09.10.2014 - 07:31 Uhr
Sprache: Deutsch
News-ID 342934
Anzahl Zeichen: 2323
contact information:
Town:
Helsinki
Kategorie:
Business News
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