• 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
    Spunlace Nonwovens A New Normal

    Innovation Shines in Personal Care Wipes

    Paltrow, Cuban Invest in Kudos

    Who’s Who in Baby Diaper Machinery

    Independent Brands Shake Up Baby Care Market
    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
    FiltXPO to be Held in October

    Voith Commissions Quality Control Systems at Johns Manville, Smurfit Kappa and WEPA

    Pampers Releases Limited Edition Easy Ups Training Underwear with Peppa Pig Prints

    Glatfelter Develops Compostable Wipe Substrate

    Sabic Reaffirms Commitment to the Circular Economy
    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

    Spunlace Nonwovens A New Normal

    Innovation Shines in Personal Care Wipes

    FiltXPO to be Held in October

    Pampers Releases Limited Edition Easy Ups Training Underwear with Peppa Pig Prints

    Thinx to Pay up to $5 million to Settle Class Action Suit
    Air Through Bonding
    Airlaid
    Carded/Carding
    Chemical Bonded
    Composite
    Meltblown
    Needlepunch
    Nanotechnology
    Spunbond
    Spunbond/Spunmelt
    Spunlace
    Thermal Bonded
    Wetlaid

    Spunlace Nonwovens A New Normal

    Suominen Considers Closure of Mozzate Plant

    Saudi German Nonwovens to Expand Spunmelt Output

    Avgol to Add Recofil 5 Nonwovens Line in North Carolina

    UGAfibers Laboratory Expands Capabilities for Nonwoven and Protective Fabrics Industry
    China
    Eastern Europe/Russia
    India
    Middle East/North Africa
    North America
    Pacific Rim
    South/Central America
    Turkey
    Western Europe

    Suominen Considers Closure of Mozzate Plant

    Autoneum to Acquire Automotive Business of Borgers Group

    Vinda Opens SEA Regional Hub

    CJ Biomaterials, Yuhan-Kimberly to Expand Development of Sustainable Products Using PHA

    Bast Fibre Technologies Secures Investment from Ahlström Capital
    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

    FiltXPO to be Held in October

    Sabic Reaffirms Commitment to the Circular Economy

    Voith Acquires Stake in Packaging Start-up Yangi

    Essity Ranked One of the World’s Most Sustainable Companies

    PureCycle to Build First Polypropylene Recycling Center in Europe
    Chart
    Companies
    All Companies
    Categories
    Company Profiles
    Add New Company
    International Buyers Guide Companies
    WEIMA America, Inc.

    Alliance Machine and Engraving

    Valco Melton

    Investkonsult Sweden AB

    Dukane
    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

    Related CONTENT
    • GPMI Expands Disinfectant Wipes Production
    • Optimizing Nonwovens Converting
    • Lydall Inc.
    • Glatfelter
    • Jacob Holm Completes Nonwovens Investment
    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
    • Thinx To Pay Up To $5 Million To Settle Class Action Suit
    • Pampers Releases Limited Edition Easy Ups Training Underwear With Peppa Pig Prints
    • Abena, Finess Hygiene Announce Merger
    • Glatfelter Develops Compostable Wipe Substrate
    • Sabic Reaffirms Commitment To The Circular Economy
    Breaking News
    • FiltXPO to be Held in October
    • Voith Commissions Quality Control Systems at Johns Manville, Smurfit Kappa and WEPA
    • Pampers Releases Limited Edition Easy Ups Training Underwear with Peppa Pig Prints
    • Glatfelter Develops Compostable Wipe Substrate
    • Sabic Reaffirms Commitment to the Circular Economy
    View Breaking News >
    CURRENT ISSUE

    February 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

    Dr. Ranjini Murthy Joins Azelis Americas as SVP of Commercial and Digital Excellence
    Pomegranate Extract Tied to Gut and Skin Microbiome Benefits
    Berry Health Benefits Symposium Begins Tuesday, January 31
    Coatings World

    Latest Breaking News From Coatings World

    Presentations Sought for ASTM 2023 Workshop on Weathering and Durability Testing
    Barentz to Distribute Arxada Preservatives in the US HI&I Market
    POLYDURE Coatings Help Customers Keep Their Cool
    Medical Product Outsourcing

    Latest Breaking News From Medical Product Outsourcing

    Robert R. Ruffolo to Lead Neuraptive Therapeutics Board
    3D Printed Medical Device Market Value to More Than Triple by 2031
    Cardiovascular Disease Risk Scores Could Help Physicians Better Manage Patient Outcomes
    Contract Pharma

    Latest Breaking News From Contract Pharma

    Azelis Americas Appoints Ranjini Murthy Commercial, Digital Excellence SVP
    Zennova Opens Manufacturing and R&D Center in China
    Lilly to Invest $450M at Manufacturing Site in Research Triangle Park
    Beauty Packaging

    Latest Breaking News From Beauty Packaging

    Amyris Inc. Launches 4U by Tia Haircare Line Exclusively at Walmart
    LVMH and L’Oréal Enter Bidding War for Stake in Aesop
    Body Care Brand Maëlys Expands into Canada
    Happi

    Latest Breaking News From Happi

    Gattefossé Launches New Formulations Collection
    DSM Receives Registration Approval for SYN-UP as New Cosmetic Ingredient in China
    US Prestige Beauty Sales Rise 15% to $27.1 Billion in 2022
    Ink World

    Latest Breaking News From Ink World

    Executive Board Member Stefan Schülling to Leave Epple Druckfarben at End of February 2023
    Epson SureColor F6470, SureColor F6470H Dye-Sub Printers Available
    Dr. Ranjini Murthy to Join Azelis Americas as SVP of Commercial and Digital Excellence
    Label & Narrow Web

    Latest Breaking News From Label & Narrow Web

    AWA to host 23rd Global Release Liner Industry Conference & Exhibition
    Color-Logic certifies Ecofoil digital labestock for cut sheet printers
    Brandywine Label Printing names Dave Rosen new president
    Nonwovens Industry

    Latest Breaking News From Nonwovens Industry

    FiltXPO to be Held in October
    Voith Commissions Quality Control Systems at Johns Manville, Smurfit Kappa and WEPA
    Pampers Releases Limited Edition Easy Ups Training Underwear with Peppa Pig Prints
    Orthopedic Design & Technology

    Latest Breaking News From Orthopedic Design & Technology

    OPUM, Corflex Global Partner on Knee Assessment Technology
    ODT's Most-Read Stories This Week—Jan. 28
    Roche, Sysnav Partner on Movement Tracking Tech for Neuromuscular Disorders
    Printed Electronics Now

    Latest Breaking News From Printed Electronics Now

    Zebra Technologies Selected as One of America’s Greatest Workplaces for Diversity
    Sensormatic Solutions Helps Renner Reduce 87% of Stockouts
    Weekly Recap: Avery Dennison, CES 2023 and Canatu’s LiDAR Deicing Top This Week’s Stories

    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