Ahlstrom Group, a leading developer and manufacturer of nonwovens and specialty papers celebrated the opening of its new facility in Binzhou, Shandong province, in northeastern China. The plant produces transportation filtration materials and currently employs 170 people. Ahlstrom acquired the plant from Purico Group which it announced earlier this month.
According to Ahlstrom's president and CEO Jan Lång the acquisition plays a significant role in Ahlstrom's growth strategy in Asia.
"In addition to Ahlstrom´s strong footprint in Europe and the Americas, we have lately started to establish a solid manufacturing platform in Asia as well. Ahlstrom´s strengthened presence in China will also help us to better serve our global customers based in the area, increase our market share and build a platform for further growth in the region. As China is among the world's fastest growing major economies and the the industry of filtration media for transportation is growing at an annual rate of over 10%, the market in the country is expected to grow significantly in the coming years,” said Mr. Lång.