Neenah Invests in Meltblown Capacity to Meet Increased Demand

Rhea-AI Summary

Neenah, Inc. (NYSE: NP) announced a €25 million investment to enhance its filtration capabilities in Germany. This new meltblown technology aims to improve filtration efficacy while reducing energy use, addressing the growing demand in life science and industrial markets. The new production line is set to begin operations in mid-2024, supporting existing customers and reflecting the company's commitment to cleaner air and water solutions. Neenah is positioned as a leader in specialty materials, with manufacturing facilities across North America and Europe.

Positive

• €25 million investment in new meltblown capacity in Germany.
• New technology aims to improve filtration efficacy and reduce energy usage.
• Expansion supports growth in life science and industrial filtration markets.
• New line expected to be operational by mid-2024.

Negative

• None.

ALPHARETTA, Ga.--(BUSINESS WIRE)-- Neenah, Inc. (NYSE: NP), a leading global manufacturer of specialty materials focused on filtration media, specialty coatings, engineered materials, and imaging & packaging, announced a 25 million euro investment in new meltblown capacity in our German filtration facility.

Neenah meltblown media promotes higher filtration efficacy. (Photo: Business Wire)

Neenah is committed to accelerating growth in life science and industrial filtration markets. Our portfolio of meltblown products promotes higher filtration efficacy and lower energy usage, which our customers value. Our electrostatically charged NeenahPure® media solutions support HVAC, air pollution control, and air purification systems, delivering market leading efficiencies >99.9%.

"Clean air and water are critical to our communities and environment. Meltblown technology effectively removes harmful particles from the air we breathe and the water we drink. This new meltblown line intensifies our innovation efforts and allows us to continue to grow with our customers," said President and CEO Julie Schertell.

While this investment provides an opportunity for new growth, it also supports the needs of our existing customers. The new meltblown line is expected to be online in mid-2024.

About Neenah, Inc.

Neenah is committed to manufacturing growth for its customers, end-users, shareholders, and employees. With manufacturing facilities in North America, Europe, and the United Kingdom, we are a leading global manufacturer of specialty materials serving customers across six continents, with headquarters in Alpharetta, GA. We're focused on growing in filtration media, specialty coatings, engineered materials, and premium packaging. Our materials are found in various products used every day, such as transportation and water filters, premium packaging of spirits, technology and beauty products, industrial labels, tapes and abrasives, and digital printing for high-end apparel. To learn more, please visit www.neenah.com.

View source version on businesswire.com: https://www.businesswire.com/news/home/20220224005780/en/

Missy Elam

Director, Corporate Communications

media@neenah.com

678-518-3263

Source: Neenah, Inc.

FAQ

What is Neenah Inc.'s recent investment announcement?

Neenah Inc. announced a €25 million investment in new meltblown capacity at its German facility.

How will Neenah's new meltblown technology impact filtration?

The new meltblown technology is designed to enhance filtration efficacy while lowering energy consumption.

When will Neenah's new production line be operational?

The new meltblown line is expected to be operational by mid-2024.

What markets is Neenah targeting with its new investment?

Neenah is focusing on growth in life science and industrial filtration markets.