"Ahlstrom’s financial accounts show an excellent result as our quarterly adjusted operating profit and margin reached an all-time high in the structure we have had since the beginning of this decade. This was driven by very strong sales growth across all of our business units as well as improved operational efficiency and lower fixed costs. We were able to achieve a remarkable turnaround in our performance in the last three years and I would like to take this opportunity thank our employees and all our stakeholders for this great achievement. We were able to achieve our financial targets ahead of schedule. This gives us a solid foundation for the future and very good momentum in the integration of Ahlstrom and Munksjö into one company," said Sakari Ahdekivi, interim president & CEO of Ahlstrom.
On April 1, 2017, Ahlstrom Corporation was merged into Munksjo Oyj and the name of the combined company was changed to Ahlstrom-Munksjo Oyj. The combination creates a global leader in sustainable and innovative fibre-based solutions with combined annual net sales of approximately €2.1 billion, approximately 6,200 employees and 41 production and converting facilities in 14 countries. The transaction is expected to create significant value for stakeholders through stronger global growth opportunities and improved operational efficiency. Ahlstrom-Munksjo's growth ambitions are supported by a strong balance sheet and strong cash flow generation. (RR)
Fibre2Fashion News Desk – India
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