#Nonwovens / Technical Textiles

2021-11-01

Suominen to start the repurchase of its own shares

The Board of Directors of Suominen Corporation has decided to use the authorization given by the Annual General Meeting held on March 25, 2021 to repurchase the company’s own shares. The maximum number of shares to be repurchased in one or more instalments is 400,000 shares, corresponding to approximately 0.7% of the total number of the company’s shares, which is 58,259,219. The maximum amount to be spent on the repurchases is EUR 2,5 million. The weighty financial reason for the repurchases is that they are to be used for pay-outs under the share-based incentive programmes of Suominen Corporation.

The shares are purchased otherwise than in proportion to shareholders’ current holdings?using the company’s non-restricted shareholders’ equity at the market price valid at the time of purchase of the shares through trading in a regulated market arranged by NASDAQ Helsinki Oy. The shares are acquired and paid for according to the rules and instructions of NASDAQ Helsinki Oy and Euroclear Finland Ltd.

The share repurchases will commence on November 3, 2021 at the earliest and end on February 28, 2022 at the latest.

The Board of Directors is authorized to resolve to repurchase a maximum of 400,000 Suominen’s own shares. The authorization is valid until June 30, 2022.

At the moment Suominen holds 634,661 own shares.

Francois Guetat joins Suominen as COO

Francois Guetat brings over two decades of global experience in operations, supply chain, and manufacturing excellence. Most recently, he served as SVP of Integrated Supply Chain at Kalmar, where he led business across sourcing, manufacturing, logistics and strategy. His leadership has been shaped by 22 years at Volvo, where he held key roles in Sweden, USA, and Poland.

Suominen reports decline in sales and earnings – Cost savings program and leadership change to drive recovery

Finnish nonwovens manufacturer Suominen Corporation has reported a noticeable drop in both revenue and profitability for the first half of 2025, reflecting a challenging global trade environment, particularly the impact of recent U.S. tariffs, as well as persistently high energy and raw material costs.

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.

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.

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.

Precision jet dyeing moves towards industrial scale as Alchemie partners with Acatel

BTMA member Alchemie Technology, the pioneer of precision jet dyeing solutions based in Cambridge, UK, is partnering with Acatel, the Portuguese leader in sustainable textile manufacturing. The two companies will work together to validate and optimise Alchemie’s Endeavour system for knitted cellulosic fabrics.

MUNICH FABRIC START: Between Attitude and Sensuality

The future begins where we reimagine it. After seasons of restraint, Spring.Summer 27 marks a conscious counter-trend: optimism, sensuality, and creative freedom are replacing pragmatism and neutrality. Physical presence and individuality are regaining importance – as a response to uncertainty, exhaustion, and algorithmic predictability. The overarching theme of PLEASURE stands for fashion as an emotional space, as an expression of attitude and cultural reflection. Colours, surfaces, and materials become vehicles for self-confidence and joie de vivre.

organIQ seek: smart alternative to potassium permanganate

CHT Group announces new technical findings within its organIQ seek platform that significantly advance the transition toward permanganate-free denim bleaching. Through extensive industrial testing and application research, CHT confirms that organIQ seek can now be used with remarkable effectiveness as a substitute for potassium permanganate in spray bleach, while remaining aligned with sustainability expectations and cost realities in the European market. At the COLOMBIATEX in Medellín as well as at the Exintex in Puebla and the Kingpins Show in Amsterdam the CHT Group will present organIQ seek as an alternative to potassium permanganate.