LDL Lydall Inc.

Lydall Invests in New Fine Fiber Meltblown Production Line in France to Support EU Face Mask and Air Filter Production for the Fight Against COVID-19

Lydall Invests in New Fine Fiber Meltblown Production Line in France to Support EU Face Mask and Air Filter Production for the Fight Against COVID-19

  • New Production Line Further Solidifies Company’s Position as One of the World’s Largest Suppliers of Fine Fiber Meltblown Filtration Media for N95 and Equivalent Respirators, Surgical Masks and MERV-, HEPA- and ULPA-Grade Air Filters
  • Investment Supported by a Grant Awarded by the French Government to Create a Domestic Supply Chain of Products Essential to National Security and Public Health

     
  • Lydall Positioned to Supply Enough Fine Fiber Meltblown Filtration Media to Support EU Production of 600M FFP2/FFP3 (N95 Equivalent) Respirators or 2.2B Surgical Masks Per Year

MANCHESTER, Conn. and SAINT-RIVALAIN, France, Sept. 09, 2020 (GLOBE NEWSWIRE) -- (NYSE:LDL), a leading global manufacturer of value-added engineered materials and specialty filtration solutions, today announced its investment in a new production line to create fine fiber meltblown filtration media for face masks and high-efficiency air filtration systems. This new line will be installed at Lydall’s facility in Saint-Rivalain, France in the second quarter of 2021, substantially increasing the company’s capacity to supply this critically needed material to the European market.

The investment solidifies Lydall’s position as one of the largest global suppliers of fine fiber meltblown filtration media, the crucial component of N95 respirators and the European equivalent, FFP2/FFP3, as well as surgical masks and MERV-, HEPA- and ULPA-grade air filters. Lydall will receive up to 30 percent of funding for the investment through the support of France’s Ministry of the Economy and Finance.

“COVID-19 has created unprecedented global demand for face masks, upgraded air filtration systems and other products that are essential to preventing the spread of the virus. In response, governments around the world are now focused on establishing secure, reliable and sustainable domestic supply chains so they can guarantee they have access to high-quality products that are pivotal to national security and public health,” said Sara A. Greenstein, President & CEO of Lydall. “Our global footprint and 100-year heritage in creating specialty filtration solutions position Lydall to serve as a local manufacturing partner to governments around the world, now more than ever. We take our role in creating products that protect people and places from viruses such as COVID-19 incredibly seriously, and we are grateful for the support of the French government, which will allow us to ramp up production even further.”

For more than 30 years, Lydall’s Saint-Rivalain facility has manufactured medium- and high-efficiency filtration media for a variety of applications that are critical to environments such as operating rooms, gas turbines and nuclear containment buildings. The facility currently has one line dedicated to meltblown filtration media production to make high-efficiency indoor air quality filters and, in response to COVID-19, has maximized its output to support the production of personal protective equipment (PPE) in Europe. Once this additional line is operational, Lydall expects to produce enough fine fiber meltblown filtration media for 600 million FFP2/FFP3 respirators or 2.2 billion surgical masks per year. The company plans to hire additional staff to support the increase in production.

“The installation of this new, state-of-the-art production line will allow Lydall to advance filtration science and develop filtration media for higher-end air and liquid filters,” said Ashish Diwanji, President of Lydall Performance Materials. “COVID-19 was an unprecedented event that exposed the wider need to examine the indoor air quality of a variety of public spaces. As a global market leader in specialty filtration solutions, Lydall is at the forefront of that innovation and is committed to protecting people and places today, and in the years and decades to come.”

In addition to Saint-Rivalain, France, Lydall also produces meltblown filtration media in Rochester, New Hampshire. In June 2020, the company was awarded a , enabling the installation of two new production lines to support U.S. face mask and air filter production. Lydall is in conversation with government officials around the world about how the company can support the domestic production of COVID-19-related products, as it has done in the U.S. and France.

For more information on Lydall’s role in preventing the spread of COVID-19, visit .

About Lydall, Inc.

Headquartered in Manchester, Connecticut with global manufacturing operations, Lydall delivers value-added engineered materials and specialty filtration solutions that promote a cleaner, safer and quieter world. We partner with our customers to develop bespoke, high-performing and efficient solutions that are adaptable and scalable to meet their needs. Lydall is a New York Stock Exchange-listed company. For more information, visit . Lydall® is a registered trademark of Lydall, Inc. in the U.S. and other countries.

   Investors: 
 Media: Brendan Moynihan 
 Danielle Orsino Telephone 860-646-1233 
 Telephone 949-365-6609 Facsimile 860-646-4917 
     
    

EN
09/09/2020

Underlying

To request access to management, click here to engage with our
partner Phoenix-IR's CorporateAccessNetwork.com

Reports on Lydall Inc.

 PRESS RELEASE

Lydall Announces September 14, 2021 Special Meeting Results

Lydall Announces September 14, 2021 Special Meeting Results Merger Agreement with Unifrax approved by Lydall ShareholdersLydall and Unifrax anticipate closing within 30 days MANCHESTER, Conn., Sept. 14, 2021 (GLOBE NEWSWIRE) -- (NYSE:LDL, “Lydall” or “the Company”), a leading global provider of specialty filtration and advanced materials solutions, announced today the results of the special shareholder meeting held earlier today. At the special meeting, Lydall shareholders approved the transactions contemplated by that certain Merger Agreement dated June 21, 2021 by and among Lydall, I...

 PRESS RELEASE

Lydall Announces Second Quarter 2021 Results; Significant Growth Acros...

Lydall Announces Second Quarter 2021 Results; Significant Growth Across Focused Portfolio Drives Margin Expansion FINANCIAL HIGHLIGHTS* - Q2 2021 Net sales of $221.7 million, up 51.7% compared to prior year on strong demand across all three segments; up 47.4% organicallyGross margin of 21.6%, up 220 bps; adjusted gross margin of 21.6%, up 210 bpsNet income of $5.8 million or $0.32 per diluted share compared to operating loss per share of ($0.34) in Q2-2020; Adjusted earnings per diluted share of $0.50 compared to adjusted loss per share of ($0.27)EBITDA of $20.5 million or 9.3%...

 PRESS RELEASE

Clearlake Capital-Backed Unifrax to Acquire Lydall, Inc. for $62.10 pe...

Clearlake Capital-Backed Unifrax to Acquire Lydall, Inc. for $62.10 per share Creates Market Leading Global Specialty Materials Platform Focused On Innovative Battery Materials, Filtration Solutions, and Energy Saving Technologies TONAWANDA, N.Y. and MANCHESTER, Conn., June 21, 2021 (GLOBE NEWSWIRE) -- Unifrax, a leading global provider of high-performance specialty materials focused on thermal management, specialty filtration, battery materials, emission control and fire protection applications backed by Clearlake Capital Group, L.P. (“Clearlake”), today announced it has signed definit...

 PRESS RELEASE

Lydall Announces First Quarter 2021 Results; Strong Demand Across the ...

Lydall Announces First Quarter 2021 Results; Strong Demand Across the Business Drives Healthy Margin Expansion FINANCIAL HIGHLIGHTS* - Q1 2021 Net sales of $227.1 million, up 13.3% compared to prior year on strong demand across all three segments; up 10.8% organicallyGross margin and adjusted gross margin of 21.4%, up 220 bpsNet income of $5.1 million or $0.28 per diluted share compared to loss per share of ($3.25) in Q1-2020; Adjusted earnings per diluted share of $0.35 compared to adjusted earnings per diluted share of $0.20EBITDA of $22.7 million or 10.0% of sales; Adjusted EBITDA up 22...

 PRESS RELEASE

Lydall Announces Stock Repurchase Program

Lydall Announces Stock Repurchase Program MANCHESTER, Conn., April 20, 2021 (GLOBE NEWSWIRE) --   (NYSE:LDL), a leading global provider of specialty filtration and advanced materials solutions, announced today that its Board of Directors has authorized the repurchase of up to $30 million of the Company's outstanding common stock from time to time in open market transactions at prevailing market prices or by other means in accordance with federal securities laws. Commenting on the stock repurchase program, Sara A. Greenstein, President and Chief Executive Officer, said, “This repurchase p...

ResearchPool Subscriptions

Get the most out of your insights

Get in touch