Tuesday 3 July 2012

Suominen to close Spunlace & Thermal Bond Lines in Finland

The operations of Suominen Nonwovens Ltd’s production facility in Nakkila will be sharpened by closing down production lines and rationalizing administrative and supportive functions. The number of staff will be reduced by a maximum of 76 employees.

The redundancies will be implemented during summer 2012.

By cutting the production Suominen aims at considerable improvement in the profitability of its production facility in Nakkila. The closure of the thermobond production and one spunlace line will lead to a write down of about 3 million euros, which has no cash effect. The procedure is part of Suominen Corporation’s broader performance improvement program. The target is to achieve cost savings of the order of about two percentage points on net sales in 2012.  

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. 

(From a Suominen Press Release)

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