Suominen Oyj - Company Announcement

As key step in its strategy execution, Suominen has started a planning process for an investment in a new production line

Helsinki, Finland, 2015-01-30 10:00 CET (GLOBE NEWSWIRE) -- Suominen
Corporation   Stock Exchange Release   30 January 2015 at 11:00am EET 

AS A KEY STEP IN ITS STRATEGY EXECUTION, SUOMINEN HAS STARTED A PLANNING
PROCESS FOR AN INVESTMENT IN A NEW PRODUCTION LINE 

Suominen, a globally leading supplier of nonwovens, has started a planning
process to execute an investment in a new wetlaid production line in order to
implement its growth strategy. The planned investment would be the largest
single initiative in Suominen's growth investment program announced in December
2014. 

Suominen has a long experience in creating unique products using wetlaid
technology and this possible addition would allow Suominen to further
strengthen its market leader position. 

According to company's initial plans, the new nonwovens manufacturing line
would serve several higher value-adding end-use applications, and would be
essential for the execution of Suominen's growth strategy. Suominen is looking
at building the new line in North America, a continent where demand for high
value-adding nonwovens has both developed favorably historically and also has
attractive growth forecasts. 

“I am extremely pleased to announce this major move in the execution of our
growth strategy. Since we are still in the preparation phase of the investment
project, several important decisions, including selection of machine suppliers,
are still to be made. Consequently, we cannot yet comment the total value of
the investment, but it is safe to conclude that this constitutes the most
significant single initiative in the 30 - 50 million Euro growth investment
program we announced in December”, says Nina Kopola, President & CEO of
Suominen Corporation. 


Suominen Corporation
Nina Kopola, President & CEO

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


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.