Ahlstrom launches consultation process about the future of its Stenay plant in France

Ahlstrom has today launched a consultation process with employee representatives at its Stenay plant in France about the possibility to divest the plant, and if a buyer cannot be found considering closure.

Stenay plant produces one-side coated specialty papers for specific uses in the packaging sector where there is overcapacity in Europe and competition with machines with a more competitive cost structure. The plant has an annual capacity of approximately 55,000 tons of specialty paper and has 127 employees.

Despite thorough review of different options and attempts to develop potential new products, Ahlstrom has not been able to find solutions that would enable the Group to continue operating the Stenay plant. Therefore, after having carefully studied all possible scenarios, Ahlstrom is now planning to divest the site and if a buyer cannot be found considering closure.

“We understand that this is a difficult time for our employees at Stenay, and we will do our utmost to evaluate all viable alternatives for the site to mitigate possible unfavorable social impacts. Should we be unable to find a solution, we would work closely together with other Ahlstrom locations, the city of Stenay, the Meuse locality and other stakeholders to support all potentially affected employees”, says Mark Ushpol, EVP, Food and Consumer Packaging division.
https://www.ahlstrom.com/Media/releases/press-releases2/2023/ahlstrom-launches-consultation-process-about-the-future-of-its-stenay-plant-in-france/

Related Posts

High degree of self-sufficiency in electricity at low risk

SCA is Europe’s largest private forest owner; and in addition to producing wood, the company’s 2.7 million hectares of land offer considerable wind power production capacity. This provides the company with excellent opportunities to produce renewable electricity with land-based wind power. More than 20 per cent of Sweden’s installed wind power is currently on SCA land in northern Sweden. By investing in its own wind power capacity, SCA is striving to become fully self-sufficient in electricity. In order to achieve a high degree of self-sufficiency at the lowest possible risk, the company has actively chosen not to enter into so-called Power Purchase Agreements (PPA). “We want to be able to produce renewable electricity and have a high degree of self-sufficiency to meet our own needs. We want to do this at low risk and have therefore waived PPA, for example regarding production at Skogberget,” says Mikael Källgren, President Renewable Energy at SCA.

Metsä Board’s comparable operating result in 2023 January–December was EUR 122 million

January–December 2023 (compared to 1–12/2022) *Sales were EUR 1,941.9 million (2,479.6). *The comparable operating result was EUR 122.2 million (520.7), or 6.3% of sales (21.0). Operating result was EUR 120.8 million (531.5) *Comparable return on capital employed was 5.1% (20.9). *Net cash flow from operations was EUR 342.8 million (232.0). October–December 2023 (compared to 10–12/2022) *Sales were EUR 422.6 million (599.8). *The comparable operating result was EUR 0.7 million (100.8), or 0.2% (16.8) of sales. *Operating result was EUR -0.2 million (94.7). *Comparable return on capital employed was 0.4% (15.5). *Net cash flow from operations was EUR 124.3 million (70.2).

Crown Holdings, Inc. Reports First Quarter 2018 Results

Net sales in the first quarter were $2,197 million compared to $1,901 million in the first quarter of 2017 reflecting increased beverage can volumes, the pass through of higher material costs to customers, and $121 million of favorable currency translation impact. Income from operations was $221 million in the quarter compared to $225 million in the first quarter of 2017. Segment income increased to $245 million in the first quarter compared to $226 million in the prior year first quarter and included $12 million of favorable currency translation impact. Click Read More below for additional information.
Back To Top
×Close search
Search