The investment constitutes the most significant single initiative in Suominen’s €30-50 million growth investment program launched at the end of 2014 and supports Suominen’s targeted growth during the strategic period of 2015–2017. The successful execution of these strategies will make Suominen a company with net sales of roughly €500 million by the end of 2017.
“To achieve the targeted substantial growth, we seek to increase both our sales volumes and the share of products with higher value-added in our portfolio. Therefore, the new production line will focus on supplying nonwovens with higher added value for household and industrial wiping as well as for flushable applications,” says president and CEO Nina Kopola.
The demand for nonwovens is expected to continue to develop favorably, thanks to several global megatrends. “Global growth in the number of hospital-acquired infections, for example, boosts the demand for hygienic single-use industrial wipes for healthcare institutions. At the same time, consumers' desire for top-notch cleanliness and convenience in daily housekeeping routines will drives the demand for easy-to-use, antibacterial disposable wipes for housekeeping and for flushable and dispersible toilet wipes. These are just examples of the megatrends that accelerate the demand for nonwovens,” Kopola continues.