Suominen: Innovative and more sustainable non...
Suominen

Innovative and more sustainable nonwovens

Suominen

In financial year 2019 the net sales of nonwovens producer Suominen Corp, Helsinki/Finland, decreased by 4.6% to €411.4 million. Sales of Americas business area were €261.7 million (2018: €259.9 million) and sales of Europe business area €149.8 million (2018: €171.3 million).

In 2019, the share of nonwovens for baby wipes was 40% (2018: 39%), for personal care wipes 22% (2018: 22%), for home care wipes 20% (2018: 20%), for workplace wipes 9% (2018: 9%) and for medical & hygiene applications 8% (2018: 8%).
Suominen expects that in 2020, its comparable operating profit will improve from 2019, when operating profit amounted to € 8.1 million (+76%).
A new strategy, which was announced in the beginning of January 2020, is targeting growth by creating innovative and more sustainable nonwovens for the customers. Also, the profitability through more efficient operations and by building a high performance culture will be improved.

Topics
Helsinki America

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