Ahlstrom starts production of specialty reinforcements for the wind energy market in China
(Thomson Reuters ONE) -
Ahlstrom Corporation PRESS RELEASE 20.6.2011 at 10.10
Ahlstrom Corporation, a global high performance materials company, takes another
step in executing its growth strategy in Asia by starting production of
specialty reinforcements for the wind energy market in China.
The production of glass fiber reinforcements, which is used among other things
to strengthen wind mill blades, will be started by the fourth quarter 2011 at
Ahlstrom's Binzhou plant in the Shandong province on China's eastern coast.
Ahlstrom will install multiaxial machines to its existing Binzhou site, which
currently manufactures transportation filtration materials and employs 170
people.
"China has become a global power house in wind energy and through this
investment we can better serve our global and local customers in the country.
This gives us a good platform for further growth in the fast growing wind energy
markets in China and elsewhere Asia," says Laura Raitio, Executive Vice
President, Building and Energy.
The wind energy market is estimated to grow at an annual rate of approximately
15 percent in China in the next five years. In 2010, Ahlstrom's total net sales
grew by almost 50 percent in the Asia Pacific-region and the company made an
acquisition of a filtration plant and announced a joint venture in China for the
production of masking tape substrates and medical papers. In addition, the
company announced an investment to wallcover materials manufacturing in China on
June 14, 2011.
Ahlstrom's Building and Energy Business Area currently serves the European,
North American and Asian wind energy markets from its plants in Mikkeli, Finland
and Bishopville, South Carolina, USA.
Further information:
Liisa Nyyssönen
Vice President, Communications
Tel. +358 10 888 4757
Ahlstrom in brief
Ahlstrom is a high performance materials company, partnering with leading
businesses around the world to help them stay ahead. Our products are used in a
large variety of everyday applications, such as filters, wallcovers, wipes,
flooring, labels and food packaging. We have a leading market position in the
businesses in which we operate. Our 5,700 employees serve customers in 26
countries on six continents. In 2010, Ahlstrom's net sales amounted to EUR 1.9
billion. The company's share is quoted on the NASDAQ OMX Helsinki. More
information available atwww.ahlstrom.com.
This announcement is distributed by Thomson Reuters on behalf of
Thomson Reuters clients. The owner of this announcement warrants that:
(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 Thomson Reuters ONE
[HUG#1524507]
Unternehmensinformation / Kurzprofil:
Datum: 20.06.2011 - 09:10 Uhr
Sprache: Deutsch
News-ID 55681
Anzahl Zeichen: 3215
contact information:
Town:
Helsinki
Kategorie:
Business News
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