Ahlstrom's decision to sell its stake is in line with strategy to focus on high performance fiber-based product offering for a clean and healthy environment.
"We have had very good collaboration with Nippon Paper over the 20 years we have worked together at Kauttua. We have grown the business together and we are pleased with our achievements in the thermal paper business," said Jan Lång, President & CEO, Ahlstrom.
Jujo Thermal is one of the world's leading suppliers of durable direct thermal papers for labels, tickets and tags and point-of-sales use. Since March 2012 when Mitsui & Co., Ltd. sold its shares, Ahlstrom and Nippon Paper Industries have both owned 50% of Jujo Thermal. Jujo Thermal's annual net sales are approximately Euro 90 million and it employs about 200 people.
Ahlstrom will continue to produce crepe papers in Kauttua, employing approximately 20 people in Kauttua.
