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Nonwovens maker Ahlstrom rejigs business structure

24 Nov '15

2 min read

Effective January 1, 2016, Finnish nonwovens producer Ahlstrom will further simplify its business structure for faster execution and leaner alignment of operations.

“Ahlstrom's business structure will be organised into two business areas; Filtration & Performance and Specialties,” a press release from Ahlstrom stated.

The Filtration & Performance business area will include the engine and industrial filtration, industrial nonwovens, wallcoverings, building and wind businesses.

The Specialties business area will consist of food packaging, masking tape, medical and advanced filtration businesses.

“The business areas will have responsibility for sales and market development, technical and customer service, product development and operations,” it added.

"The changes in operational and management structure will bring further focus in serving our customers and markets,” CEO Marco Levi said.

“I am confident that the streamlined business model will bring further efficiency and clarity to all of our operations," he too added.

Fulvio Capussotti has been appointed EVP of Filtration & Performance; Omar Hoek EVP of Specialties and Jari Koikkalainen EVP of Procurement & Commercial Excellence.

“Other executive management team members like Sakari Ahdekivi, CFO, Ulla Bono, EVP, Legal and General Counsel and Päivi Leskinen EVP, Human Resources, will continue in their current positions,” the company informed.

Ahlstrom further added that its two business areas Filtration & Performance and Specialties will form the new financial reporting segments of the company.

The company plans to publish restated financial segment information before publishing its January-March 2016 interim report on April 28, 2016. (AR)

Fibre2Fashion News Desk – India