Ahlstrom-Munksjö’s statement on business related to Russia

The geopolitical situation has changed dramatically. Our thoughts are with the Ukrainian people and everyone else impacted by the war in Ukraine.

Ahlstrom-Munksjö is following the situation closely. We have initiated a centralized crisis alert team on the first day of the invasion to carry out our Business Contingency and Preparedness Response Plan. Our primary focus is on the safety and well-being of our 87 employees in our Tver plant in Russia, and that manufacturing, and customer service continue in normal order.

Ahlstrom-Munksjö’s direct exposure to Russia and Ukraine is limited, while there is great uncertainty about the global repercussions, which in turn can be significant. We are monitoring the development of sanctions and any potential Russian response closely. Based on our current assessment, Ahlstrom-Munksjö’s operations are neither directly nor immediately affected by the already announced sanctions.

Of Ahlstrom-Munksjö’s 45 manufacturing and converting facilities globally, one is located in Russia, in the city of Tver. The factory is part of the company’s Glass Fiber Tissue business, which operates a similar production facility in Finland in the city of Karhula. Ahlstrom-Munksjö has recently started the construction works of a new line in Madisonville, Kentucky, U.S.

Russia represented 1.3% and Ukraine 0.1% of Group’s pro forma net sales of EUR 3,077 million in 2021.
https://www.ahlstrom-munksjo.com/Media/releases/other-releases-and-news/Ahlstrom-Munksjos-statement-on-business-related-to-Russia/