Producer and supplier of nowovens, Suominen said it has started a planning process to execute an investment in a new wetlaid production line in order to implement its growth strategy.
Suominen is looking at building the new line in North America, where demand for high value-adding nonwovens has developed favourably historically and also has attractive growth forecasts.Producer and supplier of nowovens, Suominen said it has started a planning process to execute an investment in a new wetlaid production line in order #
The planned investment would be the largest single initiative in Suominen’s growth investment program announced in December 2014.
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.
“I am extremely pleased to announce this major move in the execution of our growth strategy,” Nina Kopola, president at Suominen Corporation said.
He added, “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.
“So, we cannot yet comment on the total investment, but can safely say that this constitutes the most significant single initiative in the €30–50 million investment program, we announced in December,” he observed. (AR)
Fibre2fashion News Desk - India
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