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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.

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.

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#Spinning

Georg Stausberg, a veteran of the textile machinery industry, takes over as Rieter Group CEO

Georg Stausberg, one of the most experienced executives in the international textile machinery industry, has been appointed Chief Executive Officer of the Rieter Group with immediate effect from 4 November 2026. With more than three decades of industry experience and a long-standing leadership career at Barmag, Stausberg brings extensive technological expertise, international market knowledge and an established network across the global textile industry to his new position.

#Industry 4.0 / Digitalization

Jeanologia and BCome connect factory data with Life Cycle Assessment and Digital Product Passports

A new white paper by EIM by Jeanologia and BCome demonstrates how primary environmental data from denim finishing processes can be integrated into a garment's Life Cycle Assessment (LCA) and prepared for use in a Digital Product Passport (DPP). A comparative case study highlights significant improvements at the production stage while also showing how these translate into the environmental performance of the finished garment.

#Denim

Inside the Making connects denim and sportswear supply chains at Ecomondo 2026

Six European companies are joining forces at Ecomondo 2026 in Rimini to demonstrate how different stages of denim and sportswear production are interconnected. The new initiative, Inside the Making, highlights the importance of cooperation across the textile supply chain in addressing sustainability challenges, from reducing resource consumption to improving transparency and the reliability of environmental claims.

#Nonwovens

EDANA welcomes definitive EU anti-dumping measures on Chinese PET spunbond

EDANA, the international association serving the nonwovens and related industries, has welcomed the European Commission's decision to impose definitive anti-dumping duties on imports of PET spunbond originating in China. The association considers the measures an important step towards restoring fair competition and safeguarding European industrial capacity.

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