Södra's operating profit for the first four months of the year totalled SEK 334 million (941). Sales amounted to SEK 6,239 million (6,243) and the operating margin was 5 percent (15). "During the first four-month period, the forest economy was slightly weaker year-on-year, particularly in the sawn timber market. While sales and production volumes remained stable, exchange rates and price trends - which contributed to Södra's historically high operating profit in 2015 - were less favourable. 2016 is a year of transition for Södra, since the effects of the investment programme at the Värö pulp mill will not be fully realised until 2017," said Lars Idermark, President and CEO.The Group's operating profit totalled SEK 334 million (941). The decline was mainly due to a weaker price and currency trend. The preceding year's result included a nonrecurring item of SEK 133 million related to divestment of the shares in Södra Cell Tofte AS.
Ahlstrom-Munksjö has completed an investment in one of its filtration material production lines in Binzhou, China. The machine rebuild adds production capacity and new capabilities that will further enhance the product portfolio. The production line will be able to deliver the highest performing oil, fuel, air and industrial filtration materials, which will strengthen Ahlstrom-Munksjö’s offering and service for the Asian customers. The investment plan was initially announced in January 2020.
“This investment reinforces our commitment to our customers in Asia,” says Kathrin Hueppe, Head of Asia, Filtration & Performance Solutions business area. “Improving our capability in the Binzhou plant allows us to serve their growing needs in high-performance filtration.”
“In response to growing customer demand, both in the transportation and industrial filtration markets, Ahlstrom-Munksjö has in the recent years strengthened its product offering with unique capabilities and continuously invested to offer delivery security for customers globally,” says Giuseppe Costa, Vice President, Filtration Asia & EMEA. “This investment is part of our plan to strengthen our leading position in filtration materials.”