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Suominen to increase prices globally

The price increases will vary depending on product and region but will apply to all Suominen products.

19th September 2018

Innovation in Textiles
 |  Helsinki


This all-encompassing price increase is a response to unprecedented increase in raw material, freight and utility prices, some of which have gone up by as much as 40% this year. Suominen says it 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,” said Tapio Engström, President and CEO (interim) of Suominen. “We remain committed to delivering outstanding quality and service to our customers globally.”

Suominen manufactures nonwovens as roll goods for wipes, as well as for medical and hygiene products. The end products made of Suominen’s nonwovens include wet wipes, feminine care products and swabs. The company employs more than 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 million.

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