Operating environment

Operating environment

Filtration & Performance

The Filtration & Performance business area produces engine oil, fuel and air as well as industrial air filtration materials, industrial nonwoven products for automotive, construction, textile and hygiene applications, and wallcover and poster papers.

Market review:

The market activity in engine filtration remained subdued. Geographically, demand was weaker in North America and Europe compared to Asia. Also, weak overall demand for wallpaper and wallcover substrates endured in Europe and Russia with oversupply in the market, while demand for high-end wallcover products showed signs of recovery. Demand for high-end wallcover products in China increased, while the overall market remained very competitive. Demand for various industrial nonwoven applications showed an increase, particularly in building-related products.

Specialties

The Specialties business area produces food and beverage packaging materials, laboratory and life science as well as water filtration materials, tape products, and medical fabrics.  

Market review:

The markets for food packaging materials were strong, particularly for cooking applications. Demand for single-serve coffee products continued to grow, while that for tea bag materials was weaker. The markets for laboratory, life science and water filtration materials remained strong across all major geographical regions. In tape products, strong demand was noted in Asia, while the market activity in Europe and North America was more subdued. Demand for medical fabrics in Europe was at a good level, while it remained softer in North America and Asia. 

(Excerpt from the January-March 2016 interim report.)

Updated April 28, 2016

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