Suominen Launches An Investment Program To Execute Its Growth Strategy

HELSINKI, Finland — December 4, 2014 — Suominen, a supplier of nonwovens, has launched a growth investment program to execute its strategy for 2015-2017. The first initiatives in this medium-term plan will be implemented at Suominen’s plants in Alicante, Spain, and Paulinia, Brazil. In addition, Suominen is evaluating its opportunities to increase the production capacity of its Nakkila plant in Finland.

The value of these three growth initiatives totals approximately to 4 million euros, and they all enhance Suominen’s ability to further increase the share of value adding products in company’s portfolio.

In Alicante, the investment is targeted to serve the globally growing markets of industrial wiping and medical nonwovens. Through the investment in Paulinia, Suominen expands its product offering and further strengthen its position in the growing South American wipes market and will enable supply to medical and hygiene nonwovens segments.

“I am delighted to announce these very first steps in Suominen’s growth investment plan. When completed, these investments will in their part enhance our ability to supply products of superior value to its customers. The investments benefit both Convenience and Care business areas: they will further strengthen our leading position in wiping markets and provide us a with clearly enhanced opportunities to grow the Care business area”, says Nina Kopola, President & CEO, Suominen Corp.

Posted December 9, 2014

Source: Suominen