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#Nonwovens / Technical Textiles

Suominen to initiate a restructuring program including changes in Executive Management Team

As part of the ongoing transformation journey Suominen initiates a restructuring program to reposition the company toward profitable growth. The program is expected to generate annualized savings of EUR 1,5 million with a one-time cost of EUR 2 million and the program is expected to be closed before the end of September 2024.

The restructuring program is expected to result in a termination of up to 10 positions in the headquarters and global support functions. The impact will be gradual and in full effect in 2025.

“We have been leading our transformation with a systematic and holistic approach since last year. Our new operating model was announced late last year and today our business areas are responsible for both commercial and supply chain, and with this structure we are able to be more efficient, focused, and agile. The program announced today is a continuation of this transformation and will support our ability to achieve necessary financial and process improvements as we move forward”, says Tommi Björnman, President & CEO.

The employee consultation processes will start in accordance with local legislation.

Klaus Korhonen, EVP, HR & Legal and a member of the Executive Management Team has decided to leave Suominen to pursue new opportunities outside the company.

“I want to thank Klaus for his contribution in leading and developing Suominen’s HR and Legal functions and as a valuable member of our Executive Management Team. I wish Klaus all the best in his future”, says Tommi Björnman.

Following this change, the composition of Suominen’s Executive Management Team will be as of May 31, 2024:

  • Tommi Björnman, President & CEO
  • Janne Silonsaari, CFO
  • Markku Koivisto, EVP, EMEA & CTO
  • Thomas Olsen, EVP, Americas
  • Jonni Friman, EVP, TMO


More News from Suominen Corporation

#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.

Latest News

#Textile processing

YKK Bangladesh celebrates 25 years of fastening production and business development

YKK Bangladesh Pte. Ltd., a subsidiary of Japanese fastening manufacturer YKK Corporation, has celebrated its 25th anniversary with a commemorative ceremony in Dhaka on November 8, 2026. Since its establishment in November 2000, the company has expanded its manufacturing capacity and business operations alongside the growth of Bangladesh's apparel industry.

#ITMA Asia + CITME 2026

Murata Machinery to showcase AIcone winding and high-speed VORTEX spinning at ITMA ASIA 2026

Japanese textile machinery manufacturer Murata Machinery will present its PROCESS CONER AIcone automatic winder and VORTEX 870 EX spinning machine at ITMA ASIA + CITME 2026. Under the theme “Right Choice, Bright Future”, the company will highlight technologies for efficient yarn manufacturing, combining energy-saving winding solutions with high-speed air-jet spinning. Visitors can meet Murata Machinery in Hall 5, Booths E01 and E02.

#ITMA Asia + CITME 2026

DORNIER highlights airbag, filtration and composite weaving technologies at ITMA ASIA 2026

Lindauer DORNIER will present its latest developments in air-jet and rapier weaving technology for technical textiles at ITMA ASIA + CITME 2026. The German machinery manufacturer will focus on the reliable and efficient production of airbag fabrics, high-density filters and reinforcement textiles for fibre-reinforced composites. Alongside its A2 air-jet and P2 rapier weaving machines, DORNIER will highlight its TRITOS FLEX technology for complex 3D composite preforms, retrofit solutions and expanded service capabilities in Asia. The company will exhibit in Hall 3, Stand E02.

#Retail & Brands

Marks & Spencer expands across Asia Pacific through partnership with Global Fashion Group

Marks & Spencer (M&S) and Global Fashion Group (GFG) have announced a strategic partnership to expand the British retailer's fashion business across Asia Pacific. M&S has launched on Southeast Asian fashion platform ZALORA and plans to enter THE ICONIC in Australia and New Zealand in early 2027. The agreement also introduces regional fulfilment for Australian M&S.com orders, enabling faster deliveries and returns while supporting a capital-light international growth strategy.

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