Ahlstrom Oyj: Business description, financial summary, 3yr and interim financials, key statistics/ratios and historical ratio analysis.
Provider: Reuters Investment Profile
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Ahlstrom Oyj Inaugurates New Plant in China in Partnership with Longkou Yulong Paper Co. Ltd
Ahlstrom Oyj announced that it is on November 7, 2012 inaugurating its new production facility in Longkou, Shandong Province, in eastern China. The plant is a joint venture together with Longkou Yulong Paper Co. Ltd, and it produces medical papers used for sterilization wraps and masking tape base papers for the building industry in the Asian market. The new plant in China is the outcome of a EUR 21.9 million investment, of which EUR 13.1 million contributed by Ahlstrom, and employs approximately 140 people. Located in the Zhu You Guan Industrial Park in Longkou, the plant is positioned near a commercial port with connections to China and Asia by road and sea. The investment was initially announced on October 28, 2010. The plant is a part of Ahlstrom's Food and Medical Business Area. In addition to Longkou, Ahlstrom has three other manufacturing plants and twelve sales offices in Asia, providing service throughout the region.
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