Suominen: Planned closure of Mozzate manufacturing site speeds up transition from standard nonwovens towards higher-value products - Nordea

Suominen has initiated a consultation process to close manufacturing at its Mozzate plant in Italy in Q2 2023, amidst high cost and tough competition in the market for standard nonwovens wipes. Suominen sees a positive annualised EBITDA impact of EUR 3m, as the company steers from standard blended fibre products towards more sustainable product range.

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