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At Ahlstrom-Munksjö profitability improved despite a reduction in revenue base. The company received excellent scores in both its customer satisfaction survey and the employee survey. Sustainability is high on the company’s agenda and is visible in new sustainability product launches, in campaigns like ‘from plastic to purpose’ and external recognitions including the EcoVadis Gold rating.

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Detection Technology continued to develop its business in line with the DT-2025 strategy. The number of new customers increased by 20% and the company launched new products in all target markets. A new production site in Wuxi in China was opened and the Beijing subsidiary was granted the High and New Technology classification. The company has been active in developing its “beyond hardware” concept.

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At Glaston, the demand for insulating glass offerings – originating from the transformational Bystronic acquisition two years ago – was strong, as the demand is driven by the necessity to improve the energy efficiency of buildings. However, the demand for heat treatment machines declined significantly. Fortunately, demand is picking up as Glaston had a strong recovery in orders received at the end of 2020.

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Suominen reported strong performance in 2020. The demand for wipes clearly increased; a result partly driven by the pandemic. The company announced three investments supporting the new strategy aiming for growth and improved profitability. A new sustainability agenda with KPIs and targets focusing on People and safety, Sustainable nonwovens, Low-impact manufacturing and Corporate citizenship, was also announced.

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Destia was awarded several big contracts such as the Kalasatama tramway alliance project, and several large maintenance contracts were also signed in 2020. Destia´s customer and employee satisfaction measures both clearly increased during 2020. Destia’s objective is to connect northern life and to grow as an increasingly strong urban developer together with partners.

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Enics: the electronic component market was strongly hit by the Covid-19 pandemic. Strong cost-efficiency actions were taken. The ‘Back to Basics’ program has delivered good results, and this became visible in increased productivity and quality metrics. As part of the program, a new governance model and global processes were implemented. A new factory will open in Malaysia during April 2021.

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The deal flow in our real estate business was active. A new real estate development project for a logistics and operational centre for Cramo started in Vantaa. The planning of a new real estate project in Tampere, next to the city centre, was also started. At the beginning of 2021, an investment of 25% in Avain Yhtiöt was announced. This investment expands our real estate allocation in the residential sector.

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Sustainable and good forestry keeps forests vital and maintains growth, enabling forests to best sequester carbon. The estimated annual growth for Ahlström Capital’s forest assets, 189,000 m³, exceeds the annual loggings. Strategic measures to increase forest adaptation to climate change have been taken such as increasing the shares of deciduous trees and the mix of deciduous and coniferous trees.