Breaking News

Suominen Corporation

June 1, 2010

Suominen Corp. generated net sales of $52 million in the first quarter 2010. Net sales fell by 14% compared to the first quarter of 2009. The decrease was attributed to the decline in the prices of wet wipes and in the delivery volumes of nonwovens.

In the first quarter, net sales of the Wiping segment were $32 million, a decline of 19% from the same period a year ago. Net sales of Codi Wipes were $18 million, down 13% from the previous year. Sales of baby wipes decreased most clearly while sales of personal wipes were approximately equal to the corresponding period’s level.

Net sales of Nonwovens decreased by 27% to $16 million. The data includes the sales of thermobonded hygiene products, which, for the most part ended during 2009. Also deliveries of hydroentangled wiping materials and material used in health care decreased. Sales in the U.S. markets declined.

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