Oct. 10, 2007 - Ahlstrom said that it will review the financial situation of its Ascoli mill in Italy and Chantraine mill in France due to unsatisfactory profitability and cash flow.

Both facilities are part of Ahlstroms Label & Packaging Papers business area and produce one-side coated papers for wet glue labeling, flexible packaging, and graphical end uses, mainly for the Western European markets.

Ahlstrom said it will evaluates the long-term economic viability of the plants and then weigh the options to either sell or close the facilities.

The plants have an annual production capacity of approximately 100,000 tons and they employ approximately 300 persons. The current combined book value of the plants is EUR 5 million.

The progress of the review will be reported during the fourth quarter of 2007, ahlstrom said.

SOURCE: Ahlstrom