2022

In October, Ahlström Capital Group signed an agreement to acquire 20% of Bast Fibre Technologies Inc. (BFT). This supports Ahlström Capital’s strategy of investing in companies focused on solutions that drive sustainable development and the new acquisition fits well into the Forest & Fiber focus area. At Ahlström Capital we see that BFT is well in position to become a global leader in the production of sustainable bast fibers. BFT manufactures 100% plant-based intact natural fibers, which due to their tech[1]nical properties and performance, are suitable for many products made from nonwoven fabrics. BFT utilises advanced technology in fiber processing to transform cotton, hemp and flax raw fiber into a material that meets the exact requirements of the nonwoven industry. The natural fibers market sees a lot of growth opportunities as the nonwoven industry is transitioning away the use of plastics.