Suominen Oyj - Company Announcement

Suominen launches an investment program to execute its growth strategy

Helsinki, Finland, 2014-12-04 12:15 CET (GLOBE NEWSWIRE) -- Suominen
Corporation   Stock Exchange Release   4 December 2014 at 1.15pm EET 

SUOMINEN LAUNCHES AN INVESTMENT PROGRAM TO EXECUTE ITS GROWTH STRATEGY

Suominen, a leading supplier of nonwovens, launches a growth investment program
to execute its strategy for 2015 - 2017. The first initiatives in this
medium-term plan will be implemented at Suominen's plants in Alicante, Spain
and Paulinia, Brazil. In addition, Suominen is evaluating its opportunities to
increase the production capacity of its Nakkila plant in Finland. 

The value of these three growth initiatives totals approximately to EUR 4
million and they all enhance Suominen's ability to further increase the share
of value adding products in company's portfolio. 

In Alicante, the investment is targeted to serve the globally growing markets
of industrial wiping and medical nonwovens. Through the investment in Paulinia,
Suominen expands its product offering and further strengthen its position in
the growing South American wipes market and will enable supply to medical and
hygiene nonwovens segments. 

“I am delighted to announce these very first steps in Suominen's growth
investment plan. When completed, these investments will in their part enhance
our ability to supply products of superior value to its customers. The
investments benefit both Convenience and Care business areas: they will further
strengthen our leading position in wiping markets and provide us a with clearly
enhanced opportunities to grow the Care business area”, says Nina Kopola,
President & CEO of Suominen Corporation. 


Suominen Corporation
Nina Kopola, President & CEO

For additional information, please contact:
Nina Kopola, President & CEO, tel +358 10 214 300
Timo Hiekkaranta, SVP, Convenience, tel. +358 50 305 3024 (available today
after 9.30 EET) 
Lynda A. Kelly, SVP, Care, tel. +1 860 970 5988 ( available today after 7 am
EST) 


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

Suominen in brief

Suominen manufactures nonwovens as roll goods for wipes as well as for medical
and hygiene products. The end products made of Suominen's nonwovens - wet
wipes, feminine care products and swabs, for instance - bring added value to
the daily life of consumers worldwide. Suominen is the global market leader in
nonwovens for wipes and employs approximately 600 people in Europe and in the
Americas. Suominen's net sales in 2013 amounted to MEUR 373.7 and operating
profit excluding non-recurring items to MEUR 19.4 (continuing operations). The
Suominen share (SUY1V) is listed in NASDAQ OMX Helsinki Stock Exchange. Read
more at www.suominen.fi.