Suominen

What Suominen does

Suominen Corporation is a Finnish public company (Nasdaq Helsinki: SUY1V) that manufactures and sells nonwovens as roll goods to B2B customers in the wipes, hygiene, medical, and HoReCa sectors worldwide. Headquartered in Espoo, Finland, the company operates production facilities in Brazil, Finland, Italy, Spain, and the United States, employing approximately 700 professionals and processing 124,242 tons of raw materials in 2025. Its core technology centers on wetlaid and drylaid nonwoven processes producing substrates used as input materials by major consumer brands in baby care wipes, personal care wipes, household cleaning wipes, medical wipes, and premium hospitality napkin and tablecloth applications.

Suominen's product portfolio is anchored on sustainability, with the BIOLACE® Pure line representing a 3-layer, plastic-free, cellulose-based nonwoven validated for compostability through the Suominen Green Lab in partnership with VTT. The company holds FSC, PEFC, and SFI chain-of-custody certifications, has all seven production sites certified to ISO 45001, and has received a consecutive EcoVadis Gold Medal (82/100, top 2% of rated companies in its industry). Distribution is executed through dedicated regional field sales teams (VP Sales EMEA, VP Sales Americas) and Key Account Managers; the company does not sell direct to consumers. Major shareholders Ahlstrom Capital B.V. and Etola Group Oy / Oy Etra Invest Ab jointly hold 49.02% of shares.

Financially, Suominen generated FY2025 net sales of EUR 412.4 million with comparable EBITDA of EUR 12.6 million (~3% margin). Q1 2026 net sales declined 18.6% year-on-year to EUR 95.6 million, reflecting a profit warning issued in October 2025 due to US plant incidents and slower supply chain recovery. Management has launched a three-year Full Potential profitability improvement program targeting 10% EBITDA margin by 2028, supported by a fully underwritten EUR 28 million rights issue completed in June 2026, a new functional operating model introduced February 2026, and the appointment of an experienced COO from the heavy-equipment sector.

Name

Suominen

Legal name

Suominen Corporation

Website

https://suominen.fi

Company type

Public

Founded year

1767

Operating status

Operating

Headcount range

501–1,000 employees

Short description

Suominen Corporation is a Finnish public manufacturer of nonwoven roll goods supplying wipes, hygiene, medical, and HoReCa converters globally across five production countries, with sustainability-differentiated products such as BIOLACE® Pure and FY2025 net sales of EUR 412.4 million.

Ownership category

akta.pro rank

Product category

Nonwoven Fabrics

NAICS

Nonwoven Fabric Mills (31323), Nonwoven Fabric Mills (313230)

SIC

Papers & Allied Products (2600)

akta.pro primary industry

Hygiene Paper Raw Materials & Components (Pulp, SAP, Nonwovens, Elastics, Adhesives, Fragrances) (IMAMAGAI)

akta.pro secondary industries

Biodegradable Fibers & Nonwovens (industrial textiles, wipes) (IMAEAOAG), Wet Wipes & Flushable Wipes (Nonwoven-based) (IMAMAGAC), Wipes (Baby, Flushable, Household, Personal) (CRADALAH)

Keywords

• Nonwoven fabrics
• Wipe substrates
• Hygiene materials
• Sustainable nonwovens
• Medical textiles

Headquarters

HQ city

Helsinki

HQ country

Finland

HQ region

Europe

Offices6 records

Markets served

GTM type

B2B

Offering type

Hardware or Manufacturing

Cost components

Supply Chain, Personnel, Operations, Technology or R&D, Infrastructure

Revenue model

1. Nonwovens roll goods sales: Suominen manufactures and sells nonwovens as roll goods to customers in the wipes, hygiene, medical, and related industries. Net sales in 2025 were EUR 412.4 million. Revenue is generated through direct B2B sales relationships with key account customers globally.

Go-to-market motion1 record

Distribution channels1 record

Marketing channels5 records

Core offering

Suominen manufactures nonwovens as roll goods for industrial and retail customers worldwide, supplying substrates used in baby wipes, personal care wipes, household cleaning wipes, medical and patient care wipes, and HoReCa napkins and tablecloths. The company focuses on sustainable nonwovens — including plastic-free, compostable, and plant-based options such as BIOLACE® Pure — produced across seven manufacturing sites in Brazil, Finland, Italy, Spain, and the United States.

Product overview

Suominen manufactures nonwovens as roll goods primarily for wipes and other applications. The company offers a portfolio of sustainable products including BIOLACE® Pure, a cellulose-based nonwoven for wipes in baby care, personal care, household, HoReCa, and medical applications. The product line consists of sustainable offerings made from renewable, recycled, and/or plastic-free raw materials, as well as compostable and dispersible nonwovens.

Differentiator

Problem solved

Functional benefit

Brands

• BIOLACE® Pure: A sustainable nonwoven made of cellulose fibers and pulp, plastic-free and chemical-free, designed for cleaning applications including baby care, personal care, household, HoReCa, and medical.

Products and services

• BIOLACE® Pure A sustainable nonwoven made from cellulose fibers and pulp with a 3-layer sandwich structure that locks liquid in the middle pulp layer and uses outer layers for distribution. It is plastic-free, chemical-free, and compostable, achieving 33% better dirt pick-up compared to 100% viscose and offering a lower carbon footprint. Sold as roll goods to wipes and hygiene product manufacturers.

Quantifiable outcome

• 33% better dirt pick-up compared to 100% viscose products
• +4 more outcomes

Named customers1 record

Segments3 records

Ideal customer profiles3 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature1 record

Partnerships

Four partnerships are on record, tiered minor.

• Castrén & Snellman Attorneys LtdminorOthers · 8 June 2026Acting as legal advisor to Suominen in connection with the rights issue.
• Borenius Attorneys LtdminorOthers · 8 June 2026Acting as legal advisor to the Joint Global Coordinators (Danske Bank and Nordea) in the rights issue.
• Miltton LtdminorOthers · 8 June 2026Acting as communications advisor to Suominen for the rights issue.
• VTT (V Technical Research Centre of Finland)minorStrategic or Co-development PartnerSuominen has adopted composting test methods developed by VTT. Suominen Green Lab provides proof of concept of nonwoven disintegration in compost media using VTT's test center, which has both industrial and home compost conditions.

Scale indicators10 records

Recent moves6 records

Expansion highlights6 records

Direct peers

• Berry Global Group: Major global nonwovens producer serving hygiene, wipes, and medical end-markets. Direct competitor to Suominen in roll-goods supply for wipes and hygiene applications with broader scale and integrated resin production.
• Glatfelter Corporation: US-based nonwovens manufacturer focused on hygiene, wipes, and specialty substrates following its combination with Berry's Health, Hygiene, and Specialties Global Nonwovens & Films business. Directly competes with Suominen in wipes roll goods.
• Fitesa: Global nonwovens manufacturer specializing in spunbond, meltblown, and other technologies for hygiene and wipes applications. Direct competitor to Suominen serving similar B2B wipes and hygiene OEM customers.
• PFNonwovens (PFN): European nonwovens producer (Czech-based, listed in Prague) manufacturing polypropylene-based roll goods for hygiene, wipes, and medical applications. Closely comparable to Suominen in product portfolio and customer base.
• Jacob Holm & Sons (Jacob Holm Industries): Swiss-based nonwovens manufacturer producing spunlace and other roll goods for wipes, hygiene, and personal care. Directly competes with Suominen's wetlaid/drylaid nonwoven offerings.
• TWE Group (Trützschler Nonwovens / TWE): European nonwovens producer serving hygiene, wipes, and industrial applications. Comparable mid-sized European roll-goods manufacturer overlapping with Suominen in wipes substrate supply.
• Sandler Group: German nonwovens manufacturer specializing in nonwoven roll goods for wipes, hygiene, filtration, and technical applications. Closely comparable mid-sized European player with similar customer base.
• Lydall (now part of Unifrax): Nonwovens manufacturer historically serving filtration, industrial, and hygiene markets. Acquired by Unifrax in 2021; relevant comparable for Suominen's specialty nonwoven capabilities.

Broad incumbents

• Freudenberg Performance Materials: Large German-based producer of nonwovens, foams, and technical textiles for automotive, construction, apparel, and hygiene. Broader incumbent with overlapping wipes/hygiene substrate offerings.
• Asahi Kasei (Asahi Kasei Corporation): Japanese diversified chemicals/materials producer with significant nonwovens (Bemliese, Eltas) and filtration operations. Broad incumbent offering competing substrates in hygiene and specialty wipes markets.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat4 records

Key risks6 records

Key highlights7 records

Customer concentration

• Xx.com/suominenoyj
• LinkedInlinkedin.com/company/suominen-corporation

Compliance8 records

Revenue estimate

Valuation estimate

Number of profiles

Profiles12 records

Funding overview

Funding rounds1 record

Investors3 records

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A1 record

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Suominen