Suominen announces investment of approximately €2.5M in capacity expansion at Windsor Locks plant in Connecticut, increasing company's capacity to produce value-added nonwovens products, particularly for flushable products segment
June 18, 2013
– Suominen, the global leader in nonwovens for wipes, will invest approximately EUR 2.5 million in the capacity expansion at one of its assets at the Windsor Locks plant in Connecticut, USA. The investment increases Suominen's capacity to produce value added nonwovens products, particularly for the growing segment of flushable products.
"We have decided to proceed with this investment in order to be able to answer to our customers' increasing demand. We will further strengthen our position in the wipes market, and particularly in this market segment, and the investment will expand the production capacity of our proprietary HYDRASPUN(R) Substrate technology", says Jean-Marie Becker, Executive Vice President of Suominen Nonwovens.
"The investment highlights our commitment to the wipes market and is in keeping with our strategy to further increase the share of value added products in Suominen's portfolio", adds Nina Kopola, President and CEO of Suominen Corporation.
The investment is aimed to increase the production capacity of Suominen's Hydraspun(R) Substrates. Suominen's Hydraspun(R) Dispersible Substrate is a product defined as flushable as defined by industry guidelines developed by INDA and EDANA, the industry associations.
The market for flushable products is growing in many regions across the globe and Suominen is, by implementing this investment, addressing both the current and future demand.
For additional information, please contact:
Jean-Marie Becker, Executive Vice President, Suominen Nonwovens, tel. +33 672 080 997
Nina Kopola, President and CEO, Suominen Corporation, tel. +358 10 214 300
Suominen in brief
Suominen supplies its industrial and retail customers with nonwovens, wet wipes and flexible packaging for use in consumer products worldwide. Suominen is the global market leader in nonwovens for wipes. The company employs approximately 1,200 people in Europe and in the United States. Suominen's net sales in 2012 amounted to MEUR 454.9 and operating profit excluding non-recurring items was MEUR 13.7. The Suominen share (SUY1V) is listed in NASDAQ OMX Helsinki Stock Exchange. Read more at www.suominen.fi.