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Finnish company Ahlstrom acquires ErtelAlsop

03 Dec '24

1 min read

Finnish company Ahlstrom acquires ErtelAlsop

Pic: Ahlstrom

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Ahlstrom has acquired ErtelAlsop, a New York-based manufacturer of high-performance liquid depth filter media.
This acquisition strengthens Ahlstrom's position in the life science filtration market, expanding into depth filtration.
ErtelAlsop will integrate into Ahlstrom's Filtration and life sciences business, supporting its growth strategy.

Bangladesh BaoRui Textile, a Chinese company, will invest $19.53 million to establish a composite textile manufacturing industry in Mongla Export Processing Zone (Mongla EPZ). The Bangladesh Export Processing Zones Authority (BEPZA) signed the agreement with the company on December 2, 2024, at the BEPZA Complex in Dhaka.

The Chinese company plans to produce 10 million lbs of raw yarn, 6 million lbs of knitted fabric, and 1 million garments annually at its new facility in Mongla EPZ. The project will create 1,505 jobs for Bangladeshi nationals, BEPZA said in a press release.

BEPZA executive chairman Abul Kalam thanked Bangladesh BaoRui Textile for selecting Mongla EPZ for its investment, emphasising BEPZA's commitment to offering a secure and supportive environment for investors. He encouraged the company and other Chinese investors to explore further investments in diverse sectors such as pharmaceuticals, solar panels, and man-made fibres.

Fibre2Fashion News Desk (RR)

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