In 2014, investments excluding acquisitions are estimated to be approximately EUR 50 million against EUR 76.1 million in 2013.
For the third quarter ending September 30, 2014, Finnish nonwovens producer Ahlstrom reported near flat sales, when compared with third quarter ending#
CEO Marco Levi said, “I am pleased with the strong sales growth in three of our businesses; Advanced Filtration, Transportation Filtration and Food. Our ongoing rightsizing program is also progressing as planned."
"We will improve margins and enhance customer segmentation through our commercial excellence program. We are going to refocus our product development portfolio to shorten the time from idea to successfully commercialized product.
“In addition, we will simplify our processes, which will lead to a more competitive cost structure. To this end, we are now announcing a new organizational structure."
Ahlstrom is a high performance fiber-based materials company. Its materials are used in everyday applications such as filters, medical fabrics, life science and diagnostics, wallcoverings and food packaging.
In 2013, Ahlstrom's net sales from the continuing operations amounted to EUR 1 billion and its 3,500 employees serve customers in 24 countries. (AR)
Fibre2fashion News Desk - India
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