Finland-based Ahlstrom-Munksjö Expands Madisonville, Kentucky, Plant
05/12/2021
The new line will produce a full range of glass fiber tissue nonwovens with a main focus on Luxury Vinyl Tiles and Vinyl sheet materials. Customer deliveries from the new line are expected to start in mid-2023. The North American demand for flooring materials is estimated to grow annually by 5%, and specifically by 11% for Luxury Vinyl Tile, according to company officials.
"The investment in this new state-of-the-art foam forming glass fiber in the U.S. is a major step in Ahlstrom-Munksjö's global growth strategy in the glass fiber tissue market. In combination with our existing plants in Finland and Russia, this new plant will further strengthen our leadership in this field by consolidating our global position in flooring applications but also by giving us a unique platform to expand into other glass fiber tissue applications," says Hans Sohlström, President & CEO of Ahlstrom-Munksjö.
To encourage the investment and job growth in the community, the Kentucky Economic Development Finance Authority in December 2018 preliminarily approved a 10-year incentive agreement with the company under the Kentucky Business Investment program.
The performance-based agreement can provide up to $1 million in tax incentives based on the company’s initial planned investment and annual targets of job creation, paying an average hourly wage of $30 including benefits across those jobs.
“I want to thank Ahlstrom-Munksjö for this significant commitment to Madisonville, Hopkins County and the commonwealth. This facility has long been an important part of the community, and the company’s continued growth is incredible news for residents throughout the region. The creation of more than 50 high quality jobs promises a brighter future for families in the area, and positions the company for even more success in the years ahead,” comments Kentucky Governor Andy Beshear.
Ahlstrom-Munksjö Oyj is a global company that provides fiber-based products such as decor paper, filters, release liners, abrasive backings, nonwoven fabrics, electrotechnical paper, glass fiber materials, food packaging and labeling, tape, medical fiber materials for medical diagnostics.
Project Announcements
ValorFlex Packaging Plans Bowling Green, Kentucky, Production Operations
06/30/2025
Neuro.io Plans Terrebonne Parish, Louisiana, Operations
06/30/2025
Germany-Based MTU Maintenance Expands Fort Worth, Texas, MRO Operations
06/30/2025
Cascade Die Casting Group Expands High Point, North Carolina, Manufacturing Operations
06/30/2025
BuildOps Plans Raleigh, North Carolina, Operations
06/30/2025
Point Blank Enterprises Plans Wakulla County, Florida, Operations
06/30/2025
Most Read
-
20th Annual Area Development Gold and Silver Shovel Awards
Q2 2025
-
First Person: Joe Capes, CEO, LiquidStack
Q2 2025
-
The Legal Limits of DEI in Incentives Agreements, Hiring, and Contracting
Q2 2025
-
From Silicon to Server: Mapping the Data Center Supply Chain
Q2 2025
-
39th Annual Corporate & 21st Annual Consultants Surveys: What Business Leaders and Consultants Are Saying About Site Selection
Q1 2025
-
Rethinking Life Sciences Site Selection in a Resilient and Dynamic Market
Q2 2025
-
Top States for Doing Business in 2024: A Continued Legacy of Excellence
Q3 2024