Ahlstrom to Invest EUR 23 Million in New Nonwovens Capacity
Oct. 27, 2006 - Ahlstrom said it will invest approximately EUR 17 million in a new wiping fabrics production line in Louveira, Brazil. The company has also earmarked about EUR 6 million for new industrial nonwoven production capacity at its plant in Brignoud, France.
The new wiping fabrics production line in Brazil will utilize spunlace technology and its main customers operate within the household and industrial wipes sectors in Latin America, Ahlstrom said.
The investment includes a building and machinery.
Ahlstrom forecasts the market for wiping fabrics in Latin America to grow 10-20% annually.
The new line is expected to come on-line in early 2008.
Ahlstrom currently operates a filtration plant in Louveira.
The new industrial nonwovens production line in France will use needlepunch technology and will primarily target Ahlstrom's existing customers within the building, graphics, automotive, wipes and niche hygiene sectors.
Global markets for needlepunch products are estimated to grow 7% annually, Ahlstrom said.
The investment consists of machinery to be installed in an existing plant in Brignoud and the line is due to start-up in late 2007.