Suominen to close 2 nonwoven production lines

By   Tara Hounslea

Suominen Nonwovens is to close down two production lines at its facility in Nakkila, Finland, as part of its plans to improve profitability. The closure of one thermobond line and one spunlace line will lead to a write down of approximately €3 million, said the company in a statement.
The move will also result in the redundancy of 76 employees from this summer.
The company said the procedure is part of Suominen Corporation’s broader performance improvement programme. The target is to achieve cost savings of the order of about two percentage points on net sales in 2012.

 

Source:  ei.wtin.com

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