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Suominen to increase prices globally

Suominen Corporation     Press release     September 19, 2018 at 3:00 pm (EEST)

Suominen to increase prices globally

Suominen, a globally leading nonwovens company, announces global price increases effective October 1, 2018. The price increases will vary depending on product and region but will apply to all Suominen products.

This all-encompassing price increase is a response to unprecedented increase in raw material, freight and utility prices, some of which have gone up as much as 40% this year. Suominen will be approaching its customers to communicate specifics as soon as possible.

“Our industry is living through an unusual time period when standard approaches are not applicable,” says Tapio Engström, President & CEO (interim) of Suominen. “We remain committed to delivering outstanding quality and service to our customers globally.”

For more information, please contact

Tapio Engström
President & CEO (interim)
tel.  +358 10 214 300
tapio.engstrom@suominencorp.com

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 over 650 people in Europe and in the Americas. Suominen’s net sales in 2017 amounted to EUR 426.0 million and comparable operating profit to EUR 15.0 million. The Suominen share (SUY1V) is listed in Nasdaq Helsinki Stock Exchange (Mid Cap). Read more at www.suominen.fi.