Ahlstrom Corporation, a manufacturer of nonwovens and specialty papers, announces that it will revise its organization and operational model as of July 1, 2010. The changes will be implemented to support the company's recently updated strategy.
Ahlstrom will organize itself in five Business Areas based on Value Added and Operational Excellence business clusters and rolls out global processes in key functions to support this.
The new Business Areas are:
· Building and Energy: covering the current Glass & Industrial Nonwovens business area and wallpaper products
· Label and Processing: including most of the current Technical Papers and Release & Label Papers business areas
· Home and Personal: the current Home & Personal Nonwovens business area
· Food and Medical: the current Advanced Nonwovens business area, crepe papers and vegetable parchment products
· Filtration: the current Filtration business area
In financial reporting, the five Business Areas will form new reporting segments, hence reporting on the current Fiber Composites and Specialty Papers segments will be discontinued. Ahlstrom will provide comparative data on the new segments for the financial year 2009 and for the first two quarters of 2010 by the end of the third quarter this year.
The current product line structure with 18 product lines within the Business Areas will be discontinued, and the organization within the new Business Areas will be integrated to strengthen customer orientation and the supply chain process.
