HELSINKI Dec 4 Finnish group Ahlstrom
, near the end of a period of restructuring, is to
step up efforts to grow, both organically and through
acquisitions, to reach long-held profitability goals.
"The starting point remains that we must achieve ROCE of 13
percent. Our view is that it is a realistic target, which will
be achieved once we have set things straight," chief executive
Jan Lang told Reuters on Tuesday.
"We have a good pipeline for new products, we have
strengthened our product development and increased activity in
Ahlstrom, which makes fibre composites for filters, medical
gowns and food packaging, last year sold its wipes business.
Last week, shareholders ratified a move to spin off its
speciality paper business by merging it with Swedish firm
Munksjo and listing the new group in Helsinki early next year.
The group's continuing operations will have sales of around
1 billion euros ($1.3 billion) this year.
Ahlstrom shares were up 1.9 percent in late trading.
($1 = 0.7650 euro)
(Editing by Dan Lalor)