Ahlstrom and Longkou Yulong Paper have agreed to establish a new manufacturing facility in the Zhuyouguan Industrial Park in Longkou, northeastern China, for the production of medical papers, used for example in sterilization wraps, and masking tape substrates for the building industry in Asia.The parties have agreed that Ahlstrom will have a 60 percent share in the joint venture and Longkou Yulong Paper a 40 percent share. The total estimated investment amounts to 21.9 million Euros, of which Ahlstrom will invest 13.1 million. The start-up of the new plant is planned for the summer of 2012.Ahlstrom's CEO, Jan Lång, regards the joint venture as an important step in the implementation of Ahlstrom's growth strategy in Asia.