• 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
    Heartland Polymers Begins Production in Alberta

    Zeta Polimeri Becomes Radici EcoMaterials

    Responsible Flushing Alliance Holds Annual Meeting

    Berry Releases 2022 Impact Report

    Kimberly-Clark Ranks Third Among 100 Most Sustainable Companies
    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

    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

    Suominen’s Hydraspun Circula on Shortlist for INDEX23 Awards
    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
    Alliance Machine and Engraving

    Dukane

    Foshan AZX Machinery Co., Ltd

    Investkonsult Sweden AB

    WEIMA America, Inc.
    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
    • Nike Uses Needlepunch Technology For New Line Of Apparel
    • Indorama Ventures, Polymateria Partner On Biotransformation Technology
    • New Turkish Diaper Manufacturer Has Roots
    • Kimberly-Clark Ranks Third Among 100 Most Sustainable Companies
    • Ahlstrom To Divest Or Shutter Stenay, France Facility
    Breaking News
    • Heartland Polymers Begins Production in Alberta
    • Zeta Polimeri Becomes Radici EcoMaterials
    • Responsible Flushing Alliance Holds Annual Meeting
    • Berry Releases 2022 Impact Report
    • Kimberly-Clark Ranks Third Among 100 Most Sustainable Companies
    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

    GOOD Meat Receives FDA Go-Ahead for Cultured Meat
    IFF Achieves Industrial-Scale Production of Anaerobic Probiotic Strain
    Jones Healthcare Group Primed to Help Nutraceutical Brands Comply with New Packaging Rules
    Coatings World

    Latest Breaking News From Coatings World

    Sherwin-Williams Wins Three AMPP Awards
    OQ Chemicals Reduces CO2 Emissions at Bay City, Texas Plant by 10% in 2022
    Perstorp Strengthens Sustainable Offerings
    Medical Product Outsourcing

    Latest Breaking News From Medical Product Outsourcing

    First European Use of CairnSurgical's Breast Cancer Locator System
    Healthcare AI Specialist, SensorsCall Join Forces on Home Monitoring Tech
    Victoria Carr-Brendel Joins Vicarious Surgical Board
    Contract Pharma

    Latest Breaking News From Contract Pharma

    Aenova Names Roel de Nobel Head of Business Unit Solids
    Macomics, Ono Pharmaceutical Partner to Develop Immuno-oncology Antibody Drugs
    Dupixent Trial Demonstrates Potential to be First Biologic to Treat COPD
    Beauty Packaging

    Latest Breaking News From Beauty Packaging

    Puig’s Net Revenue Grows 40% to Over $3.9 Billion in 2022
    Wella Company Appoints Frank Smalla as Chief Financial Officer & Chief Operating Officer
    True Botanicals Secures Series B Investment from NextWorld Evergreen
    Happi

    Latest Breaking News From Happi

    Emulium Dermolea MB Is a New Plant-based O/W Emulsifier
    Survey by Bradley Corp. Finds Parents Don’t Believe Their Children When They Say They’ll Wash Their Hands
    Wet n Wild Releases Sesame Street-Themed Color Cosmetics Collection
    Ink World

    Latest Breaking News From Ink World

    Roland DGA to Showcase Latest Technologies at ISA 2023
    hubergroup India Expands Support for Rural Healthcare
    Toyo Ink Shareholders Approve Trade Name Change to artience
    Label & Narrow Web

    Latest Breaking News From Label & Narrow Web

    Pulse Roll Label Products expands technical sales team
    Mark Andy introduces ProWORX Label Suite
    Brook + Whittle to install first HP Indigo V12 digital press in US
    Nonwovens Industry

    Latest Breaking News From Nonwovens Industry

    Heartland Polymers Begins Production in Alberta
    Zeta Polimeri Becomes Radici EcoMaterials
    Responsible Flushing Alliance Holds Annual Meeting
    Orthopedic Design & Technology

    Latest Breaking News From Orthopedic Design & Technology

    Missouri Neurosurgeon Settles Federal Kickback Lawsuit for $825K
    Head and Neck Injury Severity Rising in High School Athletes
    Loci Orthopaedics Earns New Patent for Thumb Base Joint Implant System
    Printed Electronics Now

    Latest Breaking News From Printed Electronics Now

    HID Reports on Reshaping the Security Industry
    Meyers Introduces New Function47 Division
    Global Fab Equipment Spending on Track for 2024 Recovery: SEMI

    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