Suominen will increase its capabilities in the Americas by upgrading one of its production lines in Bethune, SC. The investment will widen Suominen’s offering to its customers in the U.S. in line with the Suominen’s strategy targeting growth and profitability.
“This investment allows us to produce new innovative, top quality products which are the result of joint product development with one of our major customers,” says Petri Helsky, president and CEO of Suominen.
The total value of the investment is approximately €6 million and the investment project will be finalized during the second half of 2021.
In August, Suominen announced it would boost its European capacity by restarting an existing line in Cressa, Italy. This investment was valued at about €8 million.