• Login
    • Join
  • Subscribe Free
    • Magazine
    • eNewsletter
    Checkout
    • Magazine
    • News
    • Exclusives
    • Applications
    • Technology
    • Market
    • Other
    • Top 40
    • Buyers Guide
    • Hygiene Directory
    • More
  • Magazine
  • News
  • Exclusives
  • Applications
  • Technology
  • Market
  • Other
  • Top 40
  • Buyers Guide
  • Hygiene Directory
  • Current / Back Issues
    Features
    Editorial
    Columns
    Digital Edition
    Southeast Asia Edition
    eNewsletter Archive
    Editorial Guidelines
    Subscribe Now
    Advertise Now
    Top Features
    California’s Wet Wipes Proper Labeling Law for “Do Not Flush” Symbol is in Full Swing

    INDEX23 Exhibitor Previews

    Meltblown Nonwovens Report

    Hygiene Products Get New Life

    Adult Incontinence Directory
    Company Cameo
    Financial News
    Machinery Equipment
    New Products
    Nonwovens News
    Patent Review
    People in the News
    Supplier News
    Top News
    Live From Shows
    Top News
    Period Care Brand August Launches in Target Stores

    Weekly Recap: Heartland Polymers Begins Production, Zeta Polimeri Becomes Radici EcoMaterials & More

    Heartland Polymers Begins Production in Alberta

    Zeta Polimeri Becomes Radici EcoMaterials

    Responsible Flushing Alliance Holds Annual Meeting
    Nonwovens Insights
    Online Exclusives
    Adult Incontinence
    Absorbent Core
    Antimicrobials
    Apparel
    Automotive and Transportation
    Face Masks
    Chemicals / Adhesives
    Construction
    Contract Services
    Diaper, Baby
    Electronics
    Feminine Hygiene
    Fibers
    Filtration
    Flame Retardance
    Geotextile / Agrotextile
    Home Products
    Hygiene Film/Components
    Industrial / Institutional
    Inspection / Quality Control
    Machinery and Equipment
    Medical
    Wipes

    Period Care Brand August Launches in Target Stores

    Responsible Flushing Alliance Holds Annual Meeting

    California’s Wet Wipes Proper Labeling Law for “Do Not Flush” Symbol is in Full Swing

    Indorama Ventures, Polymateria Partner on Biotransformation Technology

    INDA Announces Program for World of Wipes International Conference
    Air Through Bonding
    Airlaid
    Carded/Carding
    Chemical Bonded
    Composite
    Meltblown
    Needlepunch
    Nanotechnology
    Spunbond
    Spunbond/Spunmelt
    Spunlace
    Thermal Bonded
    Wetlaid

    Suominen’s Hydraspun Circula on Shortlist for INDEX23 Awards

    Smithers Releases Meltblown Report

    Trützschler Boosts Production Footprint in China

    Welspun Inaugurates Spunlace Facility in India

    Meltblown Nonwovens Report
    China
    Eastern Europe/Russia
    India
    Middle East/North Africa
    North America
    Pacific Rim
    South/Central America
    Turkey
    Western Europe

    Trützschler Boosts Production Footprint in China

    Welspun Inaugurates Spunlace Facility in India

    Zeus Non-Woven

    Major Earthquake Impacts Turkish Nonwovens Manufacturing Center

    Oerlikon Textile Relocates, Expands in Charlotte
    Associations
    Contracts / Awards
    Education
    Facilities / Capacity
    Green / Sustainability
    Legal / Regulatory
    Market Data
    Flushability
    Mergers and Acquisitions
    Product Improvement / Innovation
    R&D/Basic Research
    Shows / Events

    Zeta Polimeri Becomes Radici EcoMaterials

    Indorama Ventures, Polymateria Partner on Biotransformation Technology

    INDA Announces Program for World of Wipes International Conference

    Suominen’s Hydraspun Circula on Shortlist for INDEX23 Awards

    PADM Medical Receives U.S. FDA 510(k) Clearance for Plant-Based Face Masks
    Chart
    Companies
    All Companies
    Categories
    Company Profiles
    Add New Company
    International Buyers Guide Companies
    WEIMA America, Inc.

    Teijin Frontier Co., Ltd.

    Dukane

    Investkonsult Sweden AB

    Guangzhou Shangyi Clean Technology Co., Ltd.
    Brands
    Brand Owners
    • Magazine
      • Current / Back Issues
      • Features
      • Editorial
      • Columns
      • Digital Edition
      • Southeast Asia Edition
      • eNewsletter Archive
      • Editorial Guidelines
      • Subscribe Now
      • Advertise Now
    • Breaking News
    • Buyers Guide
      • All Companies
      • Categories
      • Company Profiles
      • Add Your Company
    • Applications
      • Absorbent Core
      • Adult Incontinence
      • Antimicrobials
      • Apparel
      • Automotive and Transportation
      • Chemicals / Adhesives
      • Construction
      • Contract Services
      • Diaper, Baby
      • Electronics
      • Feminine Hygiene
      • Fibers
      • Filtration
      • Flame Retardance
      • Geotextile / Agrotextile
      • Home Products
      • Hygiene Film/Components
      • Industrial / Institutional
      • Inspection / Quality Control
      • Machinery and Equipment
      • Medical
      • Wipes
      • Face Masks
    • Technology
      • Air Through Bonding
      • Airlaid
      • Carded/Carding
      • Chemical Bonded
      • Composite
      • Meltblown
      • Needlepunch
      • Nanotechnology
      • Spunbond
      • Spunlace
      • Thermal Bonded
      • Wetlaid
      • Spunbond/Spunmelt
    • Market
      • China
      • Eastern Europe/Russia
      • India
      • Middle East/North Africa
      • North America
      • Pacific Rim
      • South/Central America
      • Turkey
      • Western Europe
    • Other
      • Associations
      • Contracts / Awards
      • Education
      • Facilities / Capacity
      • Green / Sustainability
      • Legal / Regulatory
      • Market Data
      • Mergers and Acquisitions
      • Product Improvement / Innovation
      • R&D/Basic Research
      • Shows / Events
      • Flushability
    • Top 40 Companies
      • Chart
      • Companies
    • Online Exclusives
    • Slideshows
    • Hygiene Directory
      • Brands
      • Brand Owners
    • Experts Opinions
    • Videos
    • Podcasts
    • Infographics
    • Whitepapers
    • Events
      • Industry Events
      • Live From Show Events
      • Webinars
      • Live From Asian Connections
    • Jobs
    • Resources
      • Suppliers Gallery
      • Literature Showcase
      • Web Showcase
      • Home Page Showcase
    • About Us
      • About Us
      • Contact Us
      • Advertise With Us
      • Privacy Policy
      • Terms of Use
    Breaking News

    Neenah to Close Appleton Filtration Site

    Closure expected in third quarter

    07.08.21

    Georgia-based Neenah Paper will shutter its production site in Appleton, WI sometime in September.


    The decision to close the site, which makes media for filters used in transportation, such as air or oil filters, was one of several actions the company is taking to accelerate revenue growth and profitability. The company will also invest  $13 million in new release liner coating capacity in support of its growing specialty coatings business and the recent ITASA acquisition and restart an idled Fine Paper & Packaging asset in support of its premium packaging business.


    “These actions will drive accretive value and accelerate efforts toward our long-term revenue growth goal of 5% annually with strong, consistent margins. Both the investment in coating capacity for release liners and the start-up of an idled asset in support of premium packaging are aligned with our strategy to extend our capabilities into larger, growing markets with customers that value unique, premium solutions,” says Julie Schertell, president and CEO. “Closing a facility is always a difficult decision and not one we take lightly. This decision is not a reflection of our employees or their efforts, as the team has consistently worked hard to overcome obstacles, improve safety and drive results. We'll continue to provide innovative filtration solutions and serve customers from our other manufacturing facilities in Europe and North America.”


    Schertell added, “I’m confident these footprint changes will unlock immediate value for our shareholders as we continue to transform Neenah into a faster growing, more profitable company. We remain focused on investing for growth, maintaining a strong balance sheet and providing meaningful shareholder returns.”


    Financial implications associated with the closure of the Appleton facility include an estimated annual EBITDA benefit of $7 million to $8 million, excluding estimated one-time cash closure costs of $5 million to $6 million and one-time non-cash charges of approximately $45 million. Annual revenues are estimated to decrease by $20 million to $25 million from the closure. The facility is expected to be closed by the end of the third quarter of 2021.

    Related Searches
    • Filtration
    Related Knowledge Center
    • Filtration
    Suggested For You
    GPMI Expands Disinfectant Wipes Production GPMI Expands Disinfectant Wipes Production
    Optimizing Nonwovens Converting Optimizing Nonwovens Converting
    Lydall Inc. Lydall Inc.
    Glatfelter Glatfelter
    Jacob Holm Completes Nonwovens Investment Jacob Holm Completes Nonwovens Investment
    Fiberpartner Launches Bico Biodegradable Low-Melt Fiber Fiberpartner Launches Bico Biodegradable Low-Melt Fiber
    Improving the Sustainability of Nonwoven Products in a Cost-Effective Way Improving the Sustainability of Nonwoven Products in a Cost-Effective Way
    Nelson Peltz to Retire from P&G’s Board Nelson Peltz to Retire from P&G’s Board
    Sales Increase at Glatfelter Sales Increase at Glatfelter
    Huggies, Walgreen Address Diaper Need Huggies, Walgreen Address Diaper Need
    Freudenberg Offers Workwear Range Freudenberg Offers Workwear Range
    EDANA Runs Second Round of Pilot Audits EDANA Runs Second Round of Pilot Audits
    Bostik Announces Films Investment Bostik Announces Films Investment
    EDANA, INDA Launch Industry Standards EDANA, INDA Launch Industry Standards
    P&G Names President and CEO P&G Names President and CEO

    Related Breaking News

    • Wipes

      GPMI Expands Disinfectant Wipes Production

      Manufacturer opens new site in Arizona
      09.20.21

    • Optimizing Nonwovens Converting

      Optimizing Nonwovens Converting

      ...
      09.10.21

    • Lydall Inc.

      Lydall Inc.

      ...
      09.02.21


    • Glatfelter

      Glatfelter

      ...
      09.02.21

    • Wipes

      Jacob Holm Completes Nonwovens Investment

      Line upgrade in Candler, NC wraps up on schedule
      08.31.21

    Loading, Please Wait..
    Trending
    • Period Care Brand August Launches In Target Stores
    • Nike Uses Needlepunch Technology For New Line Of Apparel
    • Zeta Polimeri Becomes Radici EcoMaterials
    • Heartland Polymers Begins Production In Alberta
    • Kimberly-Clark Ranks Third Among 100 Most Sustainable Companies
    Breaking News
    • Ahlstrom Releases Sustainability Report
    • Albaad Uses Upgrades Lenzing Fibers in Flushable Wipes
    • Period Care Brand August Launches in Target Stores
    • Albany International Announced CEO Succession Plan
    • Ahlström Partners to Make Sustainable Butter, Margarine Packaging
    View Breaking News >
    CURRENT ISSUE

    March 2023

    • INDEX23 Exhibitor Previews
    • Meltblown Nonwovens Report
    • Hygiene Products Get New Life
    • Adult Incontinence Machinery Directory
    • Adult Incontinence Directory
    • Growth Continues for Adult Incontinence Products Market
    • Techtextil North America & Texprocess America 2023
    • View More >



    Cookies help us to provide you with an excellent service. By using our website, you declare yourself in agreement with our use of cookies.
    You can obtain detailed information about the use of cookies on our website by clicking on "More information”.

    • About Us
    • Privacy Policy
    • Terms And Conditions
    • Contact Us

    follow us

    Subscribe
    Nutraceuticals World

    Latest Breaking News From Nutraceuticals World

    Wiley Eliminates Outer Carton From Packaging to Reduce Waste
    ACG Expands as Vantage Nutrition Acquires ComboCap and its Dual-Chamber Capsule Technology
    Melodea Launches New Plastic-Free Packaging Solution
    Coatings World

    Latest Breaking News From Coatings World

    HOFFMANN MINERAL to Focus on Comprehensive Sustainability Strategy
    HMG and Prodrive Renew Technical Partnership
    Eastern Coatings Show Sets Schedule for Technical Papers
    Medical Product Outsourcing

    Latest Breaking News From Medical Product Outsourcing

    Bronwyn Brophy Named CEO at Vitrolife AB
    TRIMEDX Revamps its Management Team
    Illumina Releases Cloud-Based Software for Next-Gen Sequencing
    Contract Pharma

    Latest Breaking News From Contract Pharma

    Neopharm Labs Acquires MS Pharma
    Takeda Invests $765M in Mfg. Facility for Plasma-Derived Therapies in Japan
    Adragos Pharma Acquires Clinigen's Development Unit, Lamda Laboratories
    Beauty Packaging

    Latest Breaking News From Beauty Packaging

    Kim Kardashian Trademarks Daughter North West's Name for New Beauty Brand
    Top 20 Most Successful Beauty Brands of 2023—Ranked by Cosmetify
    Kao Space Shampoo Sheet Now Available on Earth
    Happi

    Latest Breaking News From Happi

    Mibelle Biochemistry Launches New Wellness Active Ingredient
    Beauty Influencer Jeffree Star Sees Success with Cosmetics Line
    ACI Launches Cleaning Chemistry Catalog for Ingredient Safety
    Ink World

    Latest Breaking News From Ink World

    hubergroup Print Solutions Presents Sustainable Portfolio at PAMEX 2023
    Weekly Recap: Packaging Inks, Toyo Ink Top This Week’s Stories
    Eastern Coatings Show Announces Schedule for Technical Papers
    Label & Narrow Web

    Latest Breaking News From Label & Narrow Web

    CORLABEL invests in HP and a second GM finishing machine
    Elkem's Sean Duffy receives AWA Leadership Award
    eProductivity Software acquires Tharstern Group
    Nonwovens Industry

    Latest Breaking News From Nonwovens Industry

    Ahlstrom Releases Sustainability Report
    Albaad Uses Upgrades Lenzing Fibers in Flushable Wipes
    Period Care Brand August Launches in Target Stores
    Orthopedic Design & Technology

    Latest Breaking News From Orthopedic Design & Technology

    Conventus Flower Ortho Appoints Jeff Culhane as COO
    Solid Growth Forecast for OTC Braces and Supports Market
    Exactech Boosts AI Expertise with Licensing Deal, Team of Scientists
    Printed Electronics Now

    Latest Breaking News From Printed Electronics Now

    onsemi Honored with Supplier of the Year 2022 Award by Hyundai Motor Group 
    Weekly Recap: Dave Rahami, Zebra, Dracula Technologies Top This Week’s Stories
    Midsummer, UCLA Collaborate on Perovskite-CIGS Tandem Solar Cells

    Copyright © 2023 Rodman Media. All rights reserved. Use of this constitutes acceptance of our privacy policy The material on this site may not be reproduced, distributed, transmitted, or otherwise used, except with the prior written permission of Rodman Media.

    AD BLOCKER DETECTED

    Our website is made possible by displaying online advertisements to our visitors.
    Please consider supporting us by disabling your ad blocker.


    FREE SUBSCRIPTION Already a subscriber? Login