STOCKHOLM - Ahlstrom-Munksjö has successfully completed the acquisition of a 60% stake in Chinese decor paper producer Minglian New Materials Technology Co., Ltd.
By combining Minglian with its existing Decor business, Ahlstrom-Munksjö says it has expanded its presence in the decor papers sector with improved cost competitiveness and a strong presence in Europe, Americas and Asia. The business combination allows Ahlstrom-Munksjö to leverage its brand and capabilities in the large and growing high-end decor paper market in China.
It will also strengthen Ahlstrom-Munksjö’s ability to serve international customers both in the short- and long term.
Under the terms of their joint venture, which comprises a state-of-the-art plant in the city of Xingtai, Hebei Province, China, Ahlstrom-Munksjö will provide technical and operational expertise to Minglian and strengthen Minglian’s customer offering and service in the domestic medium and high-quality segments as well as adjacent export markets. Minglian provides cost competitive manufacturing to the combined Decor business platform and opportunities to optimize production and extend further decor paper manufacturing capacities.
“Minglian is an excellent fit to our operating platform in Europe and South America. It will allow us to serve customers in China and its adjacent export markets as well as we do elsewhere. Together we create a strong global player in decor paper,” says Tomas Wulkan, Executive Vice President Decor Solutions business area.
