Suominen Oyj - Company Announcement

Suominen extends its growth investment program to EUR 60 million and specifies the value of its investment at the Bethune plant

Helsinki, Finland, 2015-09-01 07:45 CEST (GLOBE NEWSWIRE) -- Suominen
Corporation   Stock Exchange Release   1 September 2015 at 8.45 am  EEST 

Suominen extends its growth investment program to EUR 60 million and specifies
the value of its investment at the Bethune plant 

Suominen, a global manufacturer of nonwovens, announces it has decided to
extend its growth investment program to approximately EUR 60 million due to the
promising growth prospects in the high value added nonwovens. Earlier, Suominen
had stated that the company will spend EUR 30-50 million in growth investments
during the strategic period of 2015-2017. 

Additionally, Suominen specifies the total value of its investment in a new
wetlaid line at the Bethune plant in SC, US. The total value of the investment
project, including both equipment and facilities, will be close to EUR 50
million. Suominen has selected Andritz as the main supplier and integrator of
the project. 

“With the investment at Bethune plant, Suominen will take the wetlaid
technology to a totally new level in its industry. The new manufacturing line
will be tailor-made, based on our unique nonwovens technology expertise,
enabling us to supply our customers with exclusive, best-in-class nonwoven
products for wiping, medical or hygiene applications. This is perfectly in line
with our strategic intent to achieve product leadership. As the demand for
nonwovens with higher value added is forecasted to grow at an attractive pace,
I am pleased that we are able to intensify our growth investment program which
supports our target to achieve the above-industry-average growth in our net
sales”, Ms. Nina Kopola, President & CEO of Suominen Corporation, says. 

The new line is anticipated to be installed during the second half of 2016.

Suominen Corporation
Nina Kopola, President & CEO

For further information, please contact: Nina Kopola, President & CEO, tel +358
10 214 300 

Distribution:
NASDAQ Helsinki
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 2014 amounted to MEUR 401.8 and operating
profit excluding non-recurring items to MEUR 26.9 (continuing operations). The
Suominen share (SUY1V) is listed in NASDAQ OMX Helsinki Stock Exchange. Read
more at www.suominen.fi.