Building new Suominen is CEO’s main goal; she also seeks road to growth
HOUSTON, TEXAS, January 3, 2013-
Finland's Suominen Corporation hasn't turned an annual profit since 2009, and 2008 was a losing year too. Return on invested capital in 2010 approached a negative 11%. Few major companies in the nonwovens industry have endured a more painful several years. And yet rather than hunkering down to lick its wounds, in August 2011 the company boldly announced a move that showed it saw more hope in growing into a competitive role than in shrinking its way to stability: it launched a plan to buy most of Ahlstrom's wipes-oriented spunlace, thermalbond and resinbond assets.
Then in November 2011, Dynea Europe president Nina Kopola was recruited for the CEO's job at Suominen, given the task of making the big acquisition work and turning the resulting company into what the firm now refers to as "the new Suominen".
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