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Nonwovens/​Converting

Ahlstrom stops investing in Porous Power Technologies

The US based subsidiary could not develop its nonwoven battery separator solution into a product that would be qualified by potential customers.

14th October 2014

Innovation in Textiles
 |  Helsinki

Medical/Hygiene, Interiors, Industrial, Packaging

The US based subsidiary has not been able to develop its nonwoven battery separator solution into a product that would be qualified by potential customers.

As a consequence, the Board Members of Porous Power Technologies have decided to wind down operations. Ahlstrom will book net of tax an impairment loss of approximately EUR 8 million in its third-quarter 2014 financial results.

Ahlstrom acquired a 49.5% stake in Porous Power Technologies, a manufacturer of battery separator membranes for lithium-ion batteries, in 2011 and now holds approximately 60% of the shares in the company.

Ahlstrom

Ahlstrom is a high performance fibre based materials company, partnering with leading businesses on an international level. The company aims to grow with a product offering for clean and healthy environment.

Its materials are used in everyday applications such as filters, medical fabrics, life science and diagnostics, wall coverings and food packaging. In 2013, Ahlstrom's net sales from the continuing operations amounted to EUR 1 billion.

www.ahlstrom.com

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