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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


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#Nonwovens

Francois Guetat joins Suominen as COO

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#Nonwovens / Technical Textiles

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.

#Nonwovens / Technical Textiles

CEO of Suominen Corporation changes

Suominen Corporation’s Board of Directors has appointed Mr. Charles Héaulmé, current Chair of the Board, as the company’s new President and CEO. Mr. Héaulmé will start at the latest August 11, 2025.

#Nonwovens / Technical Textiles

Suominen publishes figures and launches a cost saving programme

Suominen Corporation has published its interim results for Q1 2025, showing increased net sales but continued margin pressure. In response, the company is launching a cost-saving programme targeting EUR 10 million in structural reductions over the next 24 months.

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#ITMA Asia + CITME Singapore 2025

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

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#ITMA Asia + CITME Singapore 2025

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#Nonwovens

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#Nonwovens

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

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#Textile chemistry

Devan unveils innovative textile solutions to enhance comfort during sleep at Heimtextil 2026

From 13 to 16 January 2026, Devan was exhibiting at Heimtextil in Frankfurt, the world’s leading international trade fair for home and contract textiles. The event brought together key players from across the global textile value chain, providing the ideal platform for Devan to present its latest innovations.

#Heimtextil 2026

Confidence driving the textile industry: Heimtextil 2026 sharpened its global market relevance by attracting more top-level decision-makers

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#Recycled_Fibers

Borealis invests EUR 49 million in Burghausen, Germany to accelerate design for circularity

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#Associations

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