• Login
    • Join
  • Subscribe Free
    • Magazine
    • eNewsletter
    Checkout
    • Magazine
    • News
    • Exclusives
    • Applications
    • Technology
    • Market
    • Other
    • Top 40
    • Buyers Guide
    • Hygiene Directory
    • More
  • Magazine
  • News
  • Exclusives
  • Applications
  • Technology
  • Market
  • Other
  • Top 40
  • Buyers Guide
  • Hygiene Directory
  • Current / Back Issues
    Features
    Editorial
    Columns
    Digital Edition
    Southeast Asia Edition
    eNewsletter Archive
    Editorial Guidelines
    Subscribe Now
    Advertise Now
    Top Features
    Fiber Manufacturers Respond to Change

    Household Wipes Market: Sustainability in Focus

    Natural Hygiene Products Market Continues to Grow

    2022 Company Capabilities

    Fluff Pulp Market Faces Year of Transition
    Company Cameo
    Financial News
    Machinery Equipment
    New Products
    Nonwovens News
    Patent Review
    People in the News
    Supplier News
    Top News
    Live From Shows
    Top News
    What You’re Reading on Nonwovens-Industry.com

    Andritz Sets Up Wetlace CP Pilot Line in Montbonnot

    Weekly Recap: SWM and Neenah Introduce Mativ Inc., Avgol honored for Biotransformation Technology & More

    Ontex Climate Action Targets Approved by Science-Based Targets Initiative

    Suominen Introduces Biolace Silva for Baby Wipes
    Nonwovens Insights
    Online Exclusives
    Adult Incontinence
    Absorbent Core
    Antimicrobials
    Apparel
    Automotive and Transportation
    Face Masks
    Chemicals / Adhesives
    Construction
    Contract Services
    Diaper, Baby
    Electronics
    Feminine Hygiene
    Fibers
    Filtration
    Flame Retardance
    Geotextile / Agrotextile
    Home Products
    Hygiene Film/Components
    Industrial / Institutional
    Inspection / Quality Control
    Machinery and Equipment
    Medical
    Wipes

    Hygiene Product Startups Gain Investors

    Kansan Offers Wetlaid Nonwovens Lines

    Andritz Sets Up Wetlace CP Pilot Line in Montbonnot

    Weekly Recap: SWM and Neenah Introduce Mativ Inc., Avgol honored for Biotransformation Technology & More

    Suominen Introduces Biolace Silva for Baby Wipes
    Air Through Bonding
    Airlaid
    Carded/Carding
    Chemical Bonded
    Composite
    Meltblown
    Needlepunch
    Nanotechnology
    Spunbond
    Spunbond/Spunmelt
    Spunlace
    Thermal Bonded
    Wetlaid

    Kansan Offers Wetlaid Nonwovens Lines

    Suominen Introduces Biolace Silva for Baby Wipes

    Trützschler, Texnology Partner to Make Needlepunch Nonwovens Lines

    Smithers Releases Report on the Global Nonwoven Wipes Market

    Matregenix
    China
    Eastern Europe/Russia
    India
    Middle East/North Africa
    North America
    Pacific Rim
    South/Central America
    Turkey
    Western Europe

    Right Hygiene Conference Held in New Delhi

    Sub-Saharan Africa’s Specialist Nonwovens and Fibers Capability is Growing Steadily

    Southeast Asian 5 Nonwoven Capacity and Demand Development

    Chinese Baby Diaper Brands

    Retail Disposable Hygiene in Southeast Asia and China: Growth Outlook, Challenges, Opportunities
    Associations
    Contracts / Awards
    Education
    Facilities / Capacity
    Green / Sustainability
    Legal / Regulatory
    Market Data
    Flushability
    Mergers and Acquisitions
    Product Improvement / Innovation
    R&D/Basic Research
    Shows / Events

    Ontex Climate Action Targets Approved by Science-Based Targets Initiative

    Suominen Introduces Biolace Silva for Baby Wipes

    Smithers Releases Report on the Global Nonwoven Wipes Market

    Right Hygiene Conference Held in New Delhi

    First Quality to Move Manufacturing Away from King of Prussia Site
    Chart
    Companies
    All Companies
    Categories
    Company Profiles
    Add New Company
    International Buyers Guide Companies
    WEIMA America, Inc.

    Dukane

    Shemesh Automation

    Alliance Machine and Engraving

    Schott & Meissner Maschinen- und Anlagenbau GmbH
    Brands
    Brand Owners
    • Magazine
      • Current / Back Issues
      • Features
      • Editorial
      • Columns
      • Digital Edition
      • Southeast Asia Edition
      • eNewsletter Archive
      • Editorial Guidelines
      • Subscribe Now
      • Advertise Now
    • Breaking News
    • Buyers Guide
      • All Companies
      • Categories
      • Company Profiles
      • Add Your Company
    • Applications
      • Absorbent Core
      • Adult Incontinence
      • Antimicrobials
      • Apparel
      • Automotive and Transportation
      • Chemicals / Adhesives
      • Construction
      • Contract Services
      • Diaper, Baby
      • Electronics
      • Feminine Hygiene
      • Fibers
      • Filtration
      • Flame Retardance
      • Geotextile / Agrotextile
      • Home Products
      • Hygiene Film/Components
      • Industrial / Institutional
      • Inspection / Quality Control
      • Machinery and Equipment
      • Medical
      • Wipes
      • Face Masks
    • Technology
      • Air Through Bonding
      • Airlaid
      • Carded/Carding
      • Chemical Bonded
      • Composite
      • Meltblown
      • Needlepunch
      • Nanotechnology
      • Spunbond
      • Spunlace
      • Thermal Bonded
      • Wetlaid
      • Spunbond/Spunmelt
    • Market
      • China
      • Eastern Europe/Russia
      • India
      • Middle East/North Africa
      • North America
      • Pacific Rim
      • South/Central America
      • Turkey
      • Western Europe
    • Other
      • Associations
      • Contracts / Awards
      • Education
      • Facilities / Capacity
      • Green / Sustainability
      • Legal / Regulatory
      • Market Data
      • Mergers and Acquisitions
      • Product Improvement / Innovation
      • R&D/Basic Research
      • Shows / Events
      • Flushability
    • Top 40 Companies
      • Chart
      • Companies
    • Online Exclusives
    • Slideshows
    • Hygiene Directory
      • Brands
      • Brand Owners
    • Experts Opinions
    • Videos
    • Podcasts
    • Infographics
    • Whitepapers
    • Events
      • Industry Events
      • Live From Show Events
      • Webinars
      • Live From Asian Connections
    • Jobs
    • Resources
      • Suppliers Gallery
      • Literature Showcase
      • Web Showcase
      • Home Page Showcase
    • About Us
      • About Us
      • Contact Us
      • Advertise With Us
      • Privacy Policy
      • Terms of Use
    Online Exclusives

    Suominen Discusses Bethune Investment, Five-Year Strategy

    President and CEO updated investors earlier this month

    Suominen Discusses Bethune Investment, Five-Year Strategy
    Related CONTENT
    • Suominen Reports Second Quarter Financial Results
    • Sales Increase at Glatfelter
    • Lydall Reports Strong Q2 Results
    • Essity Reports Strong Second Quarter Results
    • Essity Finalizes Acquisition of Australian Hygiene Company Asaleo Care
    Tara Olivo, associate editor08.30.17
    During Suominen’s second quarter teleconference on August 9, president and CEO Nina Kopola discussed the highs and lows of the quarter, gave an update on the company’s new Bethune, SC, line, and outlined its strategy through the year 2021.

    In the second quarter, the Finnish nonwovens producer’s net sales grew by 3%, compared to the second quarter of last year, to €112 million ($132 million). Improved sales volumes drove sales in the quarter, while, to minor extent, the U.S. dollar exchange rate improved the sales with €1.5 million compared to last year, Kopola said.

    While net sales increased, it did not lead to better profitability, which was partly due to weaker sales mix and lower sales prices. “The weaker sales mix led to a decrease of higher added value products in our portfolio, but also the cost linked to investments into our growth strategy were higher than previous years in the second quarter, even though they were not unanticipated,” Kopola told investors.

    In discussing its lower sales prices, Kopola cited the competitive situation in nonwovens for baby wipes and flushable substrates. “The average price for the period was lower than the previous period,” she explained.

    Meanwhile, in the first half of 2017, net sales grew 6% compared to the first half of 2016. “All in all, this year has started on the net sales level quite nicely. We’ve been in both quarters steadily above €110 million. As for last year, we were not at this level in any single quarter,” Kopola added.

    In the first half of the year, the portion of nonwovens for baby wipes grew 4% to 41%, while personal care wipes, which includes facial care wipes and moist toilet tissue, fell 6% to 19%. Home wipes and workplace wipes were more or less the same, at 20% and 9% respectively, but Kopola expects this to change.“The Bethune investment will increase home wipes and workplace wipes because that investment is going to serve especially these markets,” she said.

    Suominen announced the Bethune, SC, investment—of a new wetlaid line—in 2015, calling it the most significant single initiative in its €60 million investment plan initiated in late 2014. This plan also included upgrades to lines in Spain and Brazil.

    The Bethune line was expected to start up in the first quarter of this year, but production began in the second quarter and the first invoiced products have been delivered.

    “The startup has been especially technically more challenging than anticipated,” Kopola said. “Of course we are overcoming these technical challenges, but it’s been mainly on the technical side that the challenges have occurred.”

    The market interest towards the Bethune line has been significant, she said, and once it’s in full production mode, it will focus solely on high added value products, including mostly home and workplace wipes, and to some extent flushable products.

    Five-Year Strategy
    For its 2017-2021 strategy, Suominen’s vision is to “change the way people think about nonwovens.” They plan to make this happen through three cornerstones: Being best in business, creating nonwovens that others cannot, and through its community of changemakers.

    “Being best in business means that we are the best in turning end users needs into commercial success for our customers and of course also for ourselves. Creating nonwovens that others cannot means that we develop and produce unique nonwovens that other companies are not able to make. And the community of changemakers are the people who going to make this happen, which is the Suominen people, referring to a global community of people who are capable and passionate about creating change,” she explains.

    Actions the company has made in the last quarter to execute this strategy include the finalization of the Bethune investment, with optimization of the new line and final technical tests being made. New nonwovens the company has made include the development of Genesis Pro All Purpose, which Suominen claims is the strongest professional wipe material available, and Fibrella Wrap, which is used in undercast paddings in the South American market. As for its community of changemakers, Suominen has strengthened and reorganized its technology team and was also honored recently with an INDEX17 Award for its blind hiring process, which enhanced equal opportunities in the workplace.

    Finally, Kopola summed up the company’s long-term strategy. During this five-year period, Suominen aims to have an average return of investment of 15%, average net sales growth of 6% and gearing between 40-80%, with a target to increase operating profit above 10% of net sales.
    Related Searches
    • personal
    • facial care
    • wetlaid
    • personal care
    Related Knowledge Center
    • Wipes
    Suggested For You
    Suominen Reports Second Quarter Financial Results Suominen Reports Second Quarter Financial Results
    Sales Increase at Glatfelter Sales Increase at Glatfelter
    Lydall Reports Strong Q2 Results Lydall Reports Strong Q2 Results
    Essity Reports Strong Second Quarter Results Essity Reports Strong Second Quarter Results
    Essity Finalizes Acquisition of Australian Hygiene Company Asaleo Care Essity Finalizes Acquisition of Australian Hygiene Company Asaleo Care
    Glatfelter, Enhancing Everyday Life™...Sustainably. Glatfelter, Enhancing Everyday Life™...Sustainably.
    Neenah Achieves Record Performance in Filtration Neenah Achieves Record Performance in Filtration
    Glatfelter Announces First Quarter Results Glatfelter Announces First Quarter Results
    Berry Global Reports Strong Financial Results Berry Global Reports Strong Financial Results
    Suominen’s Sales Increase 5% Suominen’s Sales Increase 5%
    Lydall Reports Strong Quarterly Results Lydall Reports Strong Quarterly Results
    Essity to Increase Ownership in Productos Familia Essity to Increase Ownership in Productos Familia
    Essity Reports Lower Sales Essity Reports Lower Sales
    P&G’s Sales Up 5% P&G’s Sales Up 5%
    Lydall Reports Sales Increase Lydall Reports Sales Increase

    Related Breaking News

    • Suominen Reports Second Quarter Financial Results

      Net sales decreased by 7%
      08.13.21

    • Sales Increase at Glatfelter

      Airlaid benefits from volume growth, G-P acquisition
      08.05.21

    • Lydall Reports Strong Q2 Results

      Net sales up 51.7% from the second quarter of 2020
      07.29.21


    • Essity Reports Strong Second Quarter Results

      Organic nets sales up 9.5%
      07.19.21

    • Adult Incontinence | Diaper, Baby | Feminine Hygiene | Mergers and Acquisitions

      Essity Finalizes Acquisition of Australian Hygiene Company Asaleo Care

      Regional unit will be named Essity AustralAsia
      07.01.21

    Loading, Please Wait..
    Trending
    • Consumer Confusion: A Key Issue In The Incontinence Category
    • Glatfelter, Blue Ocean Closures Partner With Absolut
    • What Are The Types Of Nonwovens?
    • Daio, Livedo Partner To Recycle Diapers
    • Freudenberg Acquires Filter Manufacturer
    Breaking News
    • Glatfelter, Blue Ocean Closures Partner with Absolut
    • What You’re Reading on Nonwovens-Industry.com
    • Daio, Livedo Partner to Recycle Diapers
    • Suominen Launches Hydraspun Reserve
    • Richard Knowlson Receives Lifetime Technical Achievement Award
    View Breaking News >
    CURRENT ISSUE

    June 2022

    • Fiber Manufacturers Respond to Change
    • Household Wipes Market Sustainability in Focus
    • Natural Hygiene Products Market Continues to Grow
    • View More >



    Cookies help us to provide you with an excellent service. By using our website, you declare yourself in agreement with our use of cookies.
    You can obtain detailed information about the use of cookies on our website by clicking on "More information”.

    • About Us
    • Privacy Policy
    • Terms And Conditions
    • Contact Us

    follow us

    Subscribe
    Nutraceuticals World

    Latest Breaking News From Nutraceuticals World

    Pharmavite Expands in Ohio with $200 Million Investment
    Nestlé Health Science Expands in New Zealand with Deal to Buy The Better Health Company
    Younger Consumers Drive Growing Demand for Ingestible Beauty and Skin Care Products
    Coatings World

    Latest Breaking News From Coatings World

    Azelis Acquires Chemical Partners, Strengthens Leadership in Africa and Middle East
    Emmanuelle Bromet Named Arkema Sustainable Development VP
    ROSS Planetary Dual Dispersers Have Unique Processing Flexibility
    Medical Product Outsourcing

    Latest Breaking News From Medical Product Outsourcing

    MPO's Most-Read Stories This Week—July 2
    OmniGuide Awarded FDA Clearance for RevoLix Hybrid Thulium Laser
    Pancryos Forges License Agreement for Microencapsulation Device
    Contract Pharma

    Latest Breaking News From Contract Pharma

    Bayer Opens New Research and Innovation Center at Kendall Square
    Lonza Names Maria Soler Nunez as Head, Group Operations
    Eurofins DiscoverX Opens Shanghai Office
    Beauty Packaging

    Latest Breaking News From Beauty Packaging

    Dexlevo Introduces Beauty Treatment technique, ‘GOURI’
    Revision Skincare Exec Wins Ernst & Young Entrepreneur of the Year
    Latest Updates About Cosmoprof North America
    Happi

    Latest Breaking News From Happi

    SCOTUS EPA Ruling Won’t Impact General Regulatory Authority
    Toning Collection For Zero-Brass Blondes is New at Colorproof
    Esthetician Studio Beauty Concepts Files Trademark Infringement Lawsuit Against Kim Kardashian and Coty, Inc.
    Ink World

    Latest Breaking News From Ink World

    Weekly Recap: Flint OPS, Xerox and MNYPIA Top This Week’s News
    Azelis Acquires Chemical Partners, Adds to Leadership in Africa and Middle East
    International Paper Publishes 2021 Sustainability Report
    Label & Narrow Web

    Latest Breaking News From Label & Narrow Web

    UPM Raflatac boosts operations in US, All4Labels returns to HP and more
    Fedrigoni Self-Adhesives to exhibit at Labelexpo Americas for first time
    CELAB Europe wins Paper Recycling award
    Nonwovens Industry

    Latest Breaking News From Nonwovens Industry

    Glatfelter, Blue Ocean Closures Partner with Absolut
    What You’re Reading on Nonwovens-Industry.com
    Daio, Livedo Partner to Recycle Diapers
    Orthopedic Design & Technology

    Latest Breaking News From Orthopedic Design & Technology

    ODT's Most-Read Stories This Week—July 2
    NuVasive Inc. Opens Singapore Experience Center
    Pedicle Screw Systems Market to Top $3B in 2027
    Printed Electronics Now

    Latest Breaking News From Printed Electronics Now

    Weekly Recap: eMagin, Identiv, and Japan Display Top This Week’s Stories
    Epishine is Building a New Solar Cell Factory in Linköping, Sweden
    Toppan Establishes CVC Fund and Investment Management Company in the US

    Copyright © 2022 Rodman Media. All rights reserved. Use of this constitutes acceptance of our privacy policy The material on this site may not be reproduced, distributed, transmitted, or otherwise used, except with the prior written permission of Rodman Media.

    AD BLOCKER DETECTED

    Our website is made possible by displaying online advertisements to our visitors.
    Please consider supporting us by disabling your ad blocker.


    FREE SUBSCRIPTION Already a subscriber? Login