Ahlstrom, Longkou Yulong to Build JV Mill in China
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Ahlstrom, Finland, and Longkou Yulong Paper, China, have agreed to establish a new manufacturing facility in the Zhuyouguan Industrial Park in Longkou, northeastern China, for the production of medical papers, used for example in sterilization wraps, and masking tape substrates for the building industry in Asia. Ahlstrom will have a 60% share in the joint venture and Longkou Yulong Paper will have a 40% share.
The total estimated investment amounts to EUR 21.9 million, of which Ahlstrom will invest EUR 13.1 million. Startup of the new plant is planned for the summer of 2012.
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