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#Nonwovens / Technical Textiles

Suominen has published its Annual Report 2023 and Remuneration Policy

Suominen’s Annual Report 2023 has been published on March 12th, 2024. The Annual Report includes Annual review, the Report by the Board of Directors, Financial Statements for 2023, the Auditor’s report, Corporate Governance Statement, Remuneration Report and Sustainability report.

The Sustainability report is conducted in accordance with GRI standards and the sustainability information has been assured by an independent third party.

Together with the Annual Report, Suominen publishes the Report by the Board of Directors and the Financial Statements as an xHTML file in accordance with European Single Electronic Format (ESEF) reporting requirements. In line with the ESEF requirements, the primary statements have been labeled with iXBRL tags and notes have been labeled with iXBRL block tags. The audit firm Ernst & Young Oy has provided an independent auditor's reasonable assurance report on Suominen’s ESEF Financial Statements. The assurance has been conducted in accordance with International Standard on Assurance Engagements ISAE 3000.

The Annual Report is published on Suominen’s website www.suominen.fi and is attached to this stock exchange release as a PDF-format and as an xHTML file.

The Annual Report is available in Finnish and in English. If you wish to receive a printed copy, please send an email to communications@suominencorp.com. Include your name, postal address, and specify whether you would like the copy in English or Finnish.

Remuneration Policy for the Board of Directors and the CEO has also been published today. It is available in English and in Finnish in pdf-format on the company's website at www.suominen.fi and is attached to this stock exchange release.

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#Nonwovens

Suominen AGM 2026: no dividend, Board composition confirmed, share buyback authorized

Suominen Corporation has held its Annual General Meeting (AGM) on April 15, 2026 as a remote meeting without a physical venue. The AGM adopted the Financial Statements for 2025 and discharged the members of the Board of Directors as well as the President and CEO from liability for the financial year. The AGM also approved the Remuneration Report for 2025 in line with the existing Remuneration Policy, with the resolution being advisory.

#Nonwovens

Change in Suominen Leadership Team: Minna Rouru to pursue new opportunities outside the company

Suominen Chief People and Communications Officer (CPCO) Minna Rouru has announced her decision to leave Suominen to take on a role in another company. She will leave Suominen at the latest on August 26, 2026. The CPCO succession process has been initiated and will be announced in due course.

#Nonwovens

Suominen launches three-year profitability improvement program and introduces new operating model and leadership team

Suominen is launching a three-year program to improve the company’s profitability. The Full Potential Program targets 10% EBITDA by 2028. Suominen is also introducing a new functional operating model, with a dedicated focus on customers and factories, designed to strengthen expertise and effectiveness.

#Nonwovens

Suominen reports weaker 2025 results amid market pressure and US supply incidents; no dividend proposed

Suominen Corporation has published its unaudited Financial Statements Release for January 1–December 31, 2025, describing the year as an “unsatisfactory performance in a challenging environment”. Net sales and profitability declined year-on-year, reflecting lower volumes, adverse currency effects and intensified competition, while the company points to two significant incidents at its US facilities that constrained supply and weighed on both sales and profitability in the third and fourth quarters.

More News on Nonwovens / Technical Textiles

#ITMA Asia + CITME Singapore 2025

ANDRITZ sets focus on textile recycling and durable nonwoven production technologies at ITMA Asia 2025

International technology Group ANDRITZ will be presenting its innovative nonwovens production and textile solutions at ITMA ASIA + CITME 2025 in Singapore, from October 28 to 31, 2025 (Hall 2, D106). ANDRITZ will showcase its MMCF production plants, textile sorting and recycling, bast fiber processing, needlepunch, airlay, and life-cycle service technologies, with a focus on sustainable solutions. Discover how these innovations can grow your business opportunities and support a greener future.

#ITMA Asia + CITME Singapore 2025

Dilo Group at ITMA ASIA Singapore 2025

At ITMA ASIA Singapore, the Dilo Group will exhibit at Booth No. H2 – D202. Together with Kansan Materials, Izmir, the company will present its latest developments and looks forward to welcoming visitors to exchange ideas and explore innovations in needling technology.

#Nonwovens

OUTLOOK™ 2025: Charting a sustainable and innovative future for the Nonwovens Industry

EDANA concluded its flagship event, OUTLOOK™ 2025, last week, marking it as a major success and addressing the biggest questions facing the industry. The three-day conference highlighted the urgent need for a unified approach to sustainability, regulation, and innovation in the absorbent hygiene and wipes sectors.

#Nonwovens

Global Nonwovens Alliance unveils Inaugural Board, advancing collaboration and growth worldwide

The Global Nonwovens Alliance (GNA), a tax-exempt federation jointly founded by INDA, the Association of the Nonwoven Fabrics Industry, and EDANA, the Voice of Nonwovens, announces the appointment of its founding Board of Directors. This group of leaders represents some of the most influential executives across the nonwovens value chain and reflects GNA’s mission to foster global collaboration, innovation, and growth in the industry.

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#Dyeing, Drying, Finishing

Ferraro S.p.A. acquires the “Finishing” business unit of Cibitex S.r.l.

Ferraro S.p.A. and Cibitex S.r.l. are pleased to announce the completion of the agreement pursuant to which Ferraro S.p.A. has acquired the “Finishing” business unit of Cibitex S.r.l., specialized in the development and manufacturing of technological solutions for textile finishing.

#Recycling / Circular Economy

Reju opens its first R&D Center in the U.S. in Conshohocken, Pennsylvania

Reju, the company specializing in textile regeneration, today announced the opening of a Research and Development (R&D) Center in Conshohocken, Pennsylvania, the company's first proprietary research center in North America. Located within Technip Energies' existing Advanced Materials and Catalysts research center, the lab will allow Reju to accelerate the rollout of its recycling technologies and develop its next-generation circular solutions.

#Weaving

Itema reaffirms its commitment to the Syrian textile industry at NasTex 2026

From July 18th to 21st, Itema will exhibit at NasTex at the Damascus Fairground (Hall 11 – Stand C02), marking its return to one of the Middle East’s historically significant textile markets. Itema will showcase advanced weaving technology designed to support the competitiveness and technological evolution of Syrian manufacturers and announces a new partnership with Growfast Agency as the sole agent of Itema in Syria.

#Knitting & Hosiery

KARL MAYER's HKS 2-SE Expands Possibilities for Premium Stretch WARP KNITS

Warp knitted fabrics with a woven look are more in demand than ever in the fashion and apparel industries. Stretch WARP KNITS, in particular, impress with their freedom of movement, breathability, and virtually wrinkle-free wear – thereby opening up new style worlds such as smart casual or business casual. When it comes to the highly efficient production of premium-quality stretch WARP KNITS, the HKS 2-SE has long been the machine of choice. KARL MAYER’s best-selling tricot machine produces standard elastic fabrics characterized by high gauges, smooth, delicate surfaces, and a soft hand feel.

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