Ahlstrom-Munksjö to acquire majority of Minglian

Ahlstrom-Munksjö to acquire majority of Minglian

Ahlstrom-Munksjö has entered into an agreement to acquire 60% of Chinese decor paper producer Minglian New Materials Technology Co., Ltd. and form a joint venture, comprising a state-of-the-art decor paper plant in the city of Xingtai, Hebei Province, China.

By combining Minglian with its existing Decor business, Ahlstrom-Munksjö will create a global leader in decor papers with improved cost competitiveness and strong presence in Europe, Americas, and Asia. The business combination will allow the company to leverage our brand and capabilities in the growing Chinese decor paper market and strengthen its ability to serve international customers.

Minglian New Materials was established in 2016 by a group of experienced entrepreneurs with a background in the Chinese decor industry through a greenfield investment in new state-of the art paper machine technology and plant lay-out. Decor paper production already started at the end of 2018 and the production capacity is now in full use. Current product offering includes print and solid color base papers. The machine capacity is approximately 50,000 tons per year and the plant site in Xingtai allows production expansion in the future.

The transaction is subject to customary closing conditions, and it is expected to be completed during the fourth quarter of 2021.

We Are Bigger and Stronger Together

Akhurst Machinery is pleased to announce the addition of a new branch in Anaheim, California, which will support the growing customer base serviced by Akhurst and its subsidiary divisions of Cantek and Leadermac.

Read More →

Toppan Develops Temperature Logger Label for Long-Distance Transportation

Toppan, a global leader in communication, security, packaging, décor materials, and electronics solutions, has developed a thin, card-sized temperature logger label that enables temperature to be measured and recorded at regular intervals and data to be sent to a database via wireless networks.

Read More →

Virginia Tech Completes Tower with Modern Low-Carbon Timber

A team of students and faculty at Virginia Tech has completed an innovative observation tower in rural Virginia. The design and delivery of the project saw the development and certification of a new custom timber product, off-site prefabrication, and the discovery of the ruins of a historic building, according to the School of Architecture + Design at Virginia Tech.

Read More →

Ideas and strategies for outdoor living professionals