Highlights first 9 months 2017 (vs. first 9 months 2016): * Paper volume hits new record level of 1 158 thousand tons (up 3 thousand tons), with average price still lower than last year * Turnover up +5% with strong performance in pulp, energy and tissue business: − Pulp sales grow 32% in value, with volume and price both rising − Power sales up 16%, reflecting successful operation of power generation assets − Tissue sales grow by 11% in volume and value * EBITDA of € 300 million in line with previous year and EBITDA/sales margin of 25% (vs. 26%). Click Read More below for additional information.
Ahlstrom-Munksjö announced that it plans to temporarily idle #8 Paper Machine in December 2021, along with its #20 Supercalender and #21 Rewinder in July 2022 at its Rhinelander, Wisconsin Plant in the United States.
8 Paper Machine has a capacity of 14,000 tons per year. The total number of people affected is yet to be determined based on retirements and other potential job assignments.
“In a very competitive marketplace, we must continue to provide cost-effective and innovative products, challenging our machine capabilities to generate optimum results,” said Robyn Buss, Executive Vice President of Ahlstrom-Munksjö’s Food Packaging & Technical Solutions Business Area. “Our robust manufacturing platform is well-positioned for continued success. By utilizing several other machines in our regional system, we will provide our customers with the level of service required to meet their needs.”
The Rhinelander, Wisconsin plant has approximately 500 employees and was founded in 1903.