Ahlstrom-Munksjö operations to be continued under the business name Ahlstrom
October 4, 2022 By P&PC Staff
Ahlstrom-Munksjö is operating under the business name Ahlstrom as of October 3. The company has completed the ownership reorganization of its Decor business. It has thus proceeded with its plan, announced in May 2022, to change its name to Ahlstrom.
The divested Decor business continues as an independent company under the Munksjö name.
In June 2022, Ahlstrom-Munksjö announced its intention to accelerate the pace of its strategy execution and set a goal to become a preferred sustainable specialty materials provider through a clearly defined purpose, sharper strategic focus and ambitious sustainability targets. The company implemented a new operating model and reporting structure in July 2022 to effectively carry out this work.
President and CEO Hans Sohlström noted, “This is a natural step for us as the name Ahlstrom has more than 170 years of meritorious history. We are serving five growing markets and are leading the development in all these areas among the top companies. We will continue to operate through 38 plants in 13 countries and with some 7,000 employees who represent more than 50 nationalities.”
“Our strategic ambition for 2025 is to become the leader in combining fibres into performance materials. All we do will serve our purpose to Purify and Protect, with Every Fiber, for a Sustainable World. It is now our turn to take Ahlstrom to the future and transform it into the Preferred Sustainable Specialty Materials Company.”
The change of the business name to Ahlstrom is accompanied by a renewed logo where the symbol remains the same and the name is changed to Ahlstrom.
In line with the name change, the company’s web address has been changed to ahlstrom.com. The legal company names will remain unchanged until they are changed later country by country in compliance with local legislation.
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