Ahlstrom, a global leader in nonwovens and specialty papers has announced the exit from most of its Dust Filtration material businesses through the sale of the Wuxi plant in China and three production lines in Bethune in the USA to Andrew Industries.
The value of the transaction is approximately €5.3 million. Dust Filtration is part of Ahlstrom's Filtration Business area.
The Wuxi plant in the Jiangshu province employs about 40 people.
Both transactions are expected to be completed by the end of first quarter 2011. Asia remains a key strategic growth region for Ahlstrom. The company acquired in September a transportation filtration material plant in Binzhou, China and announced in October a joint venture with Yulong Paper Co. in Longkou for production of crepe papers in the country. The Group currently generates about 10 percent of its annual net sales from Asia.