Helsinki, Finland 19 December 2014 -- Ahlstrom, a high performance fiber-based materials company, announces that it has completed the co-operation negotiations with employee representatives at its Kauttua production line in Finland. The conclusion of the negotiations is to close down the production line in Kauttua during the second quarter of 2015.
The Kauttua plant manufactures base paper for masking tape. As there is significant overcapacity globally in the masking tape markets, especially in Europe, Ahlstrom has sought ways to improve the efficiency of its masking tape business. Ahlstrom manufactures base paper for masking tape also in Pont-Audemer, France and Longkou, China. The consolidation of the company's masking tape production is part of the earlier announced rightsizing program.
The Kauttua production line is part of Ahlstrom's Food business area and it employs 21 people, whose employment will be terminated as the line will be closed down. The company will make every effort to support the employees affected.
Ahlstrom in brief
Ahlstrom is a high performance fiber-based materials company, partnering with leading businesses around the world to help them stay ahead. We aim to grow with a product offering for clean and healthy environment. Our materials are used in everyday applications such as filters, medical fabrics, life science and diagnostics, wallcoverings and food packaging. In 2013, Ahlstrom's net sales from the continuing operations amounted to EUR 1 billion. Our 3,500 employees serve customers in 24 countries. Ahlstrom's share is quoted on the NASDAQ OMX Helsinki. More information available at www.ahlstrom.com