Ahlstrom Invests in New Glassfibre Plant

Ahlstrom is to invest approximately $6.5 million (€5.2 million) in a new specialty glassfibre reinforcement plant in the USA.

Construction will begin this summer and be completed in early 2007.

"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", said Jukka Moisio, president and CEO of Ahlstrom Corporation.

Specialty Reinforcements is a part of Ahlstrom's Glass Nonwovens business area, which belongs to the company's FiberComposites segment. The investment will consist of new machinery and building located in Darlington, South Carolina, USA, where its Ahlstrom's Filtration business already operates a plant. The new facility will mainly serve North American customers and other dollar-based markets.

Read the entire news on the source link below.

600450 Ahlstrom Invests in New Glassfibre Plant glassonweb.com
Date: 3 July 2006
Source: Inteletex.com

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