Suominen Oyj - Company Announcement

SUOMINEN CORPORATION CONTINUES EFFICIENCY IMPROVEMENT MEASURES

Tampere, Finland, 2012-11-02 12:30 CET (GLOBE NEWSWIRE) -- Suominen Corporation
                   Stock exchange release 2.11.2012 at 1.30 p.m. 


Suominen Corporation continues efficiency improvement measures

Suominen Corporation has decided to stop the production of polypropylene staple
fibres at the Nakkila facility of Suominen Nonwovens Ltd. This is part of the
company's broader performance improvement program aimed at creating cost
savings representing about two per cent of net sales.  For Suominen
Corporation's Nonwovens business area it is no longer strategically relevant to
have in-house fibre manufacturing, therefore it has been decided to stop this
activity.  Suominen Corporation has negotiated a long term supply agreement for
the raw material, in order to replace the in-house production. 

The fibre lines at the Nakkila facility of Suominen Nonwovens Ltd are to be
closed by the end of 2012. This has no effect to the earlier announced lay-offs
in Suominen Nonwovens. 

The closure of the production will lead to a write down of about 3 million
euros in Suominen Nonwovens Ltd 2012 results. Write down has no cash flow
effect. 


Helsinki, 2 November 2012

Suominen Corporation


Nina Kopola
President and CEO


For additional information, please contact
Mrs. Nina Kopola, tel. +358 (0) 214 300


Suominen supplies industry and retailers with nonwovens, wet wipes and flexible
packaging for use in consumer products that people use every day - through two
business areas: Wiping and Flexibles. 


Distribution:
NASDAQ OMX Helsinki Ltd.
Main media
www.suominen.fi