Home / Knowledge / News / Textiles / Suominen continues efficiency-enhancement measures
Suominen continues efficiency-enhancement measures
06
Feb '08
For the last quarter of 2007, Suominen Corporation is writing off a total of EUR 8 million of the book values of its goodwill.

These write-offs relate to the Wet Wipes' and Nonwovens' business operations and have no effect on cash flow. The uncertainty relating to the amount and timing of future cash flows from these cash-generating units is estimated to have increased, which decreases the units' values in use.

Suominen continues its efficiency-enhancement programmes to generate cost savings, to continuously improve its operations and to increase sales based on its own product offering. In 2007, cost savings and efficiency-enhancement measures generated some EUR 4 million. In 2008, the aim is to achieve at least an equal result in efficiency-enhancement.

After the goodwill write-off, Suominen's operating profit and result after taxes for 2007 are negative. The comparable underlying operating profit improves, but the underlying result after taxes is negative. Suominen's goodwill after the write-off amounts to EUR 26 million.

Suominen Corporation is a company serving the consumer goods industry and retail trade chains. The main business areas are Wipes and Nonwovens, and Flexible Packaging.

Suominen Nonwovens develops and manufactures nonwoven roll goods for producers of wiping, hygiene and health care products.

Suominen Corporation


Must ReadView All

May 31 deadline for registration of chemicals under REACH

Textiles | On 23rd May 2018

May 31 deadline for registration of chemicals under REACH

May 31 is the final deadline for companies to register all chemicals...

US cotton production projected to decline in 2018: USDA

Textiles | On 23rd May 2018

US cotton production projected to decline in 2018: USDA

US cotton production is forecast at 19.5 million bales, nearly 7 per...

Pakistan's textile exports up 8.13% in July-April FY18

Textiles | On 23rd May 2018

Pakistan's textile exports up 8.13% in July-April FY18

The value of textile and garment exports from Pakistan increased by...

Interviews View All

Victor Chao
Esmetex

‘In future, clothing boundary lines will become increasingly blurred.’

Sachin Sharma
Gem Enviro Management Pvt Ltd

There are no significant differences between virgin yarn and PET recycled...

Kamlesh Vaghela
RK Textiles

Very few machinery manufacturers have R&D units

Akshat Chaudhary

Aizome, Asia's first Fairtrade denim brand, is all set to launch next...

Tejas N Patel, Navin D Patel

Founded in 1999 by Navin Patel in the name of Tejas Fabrics with 100...

Tom Adeyoola

Describing itself as the best body shape and garment fit company in the...

Lynda Kelly
Suominen Corporation

Suominen Corporation is a manufacturer of nonwovens as roll goods for...

Kerem Durdag
Biovation II LLC

Kerem Durdag, CEO, Biovation II LLC, provides an insight into future...

Urs Stalder
Sanitized AG

Urs Stalder, CEO, Sanitized AG, talks about the increasing use of hygiene...

Nisha Chanda
Whistling Woods International School of Fashion

<div>A lack of upgraded courses in costume designing and fashion as per...

Sonam & Paras Modi
SVA

Sonam and Paras Modi's Sva Couture is synonymous with head-turning...

Robert Brunner
Devereux

Golfwear and menswear brand Devereux is set for greener pastures. Robert...

Press Release

Press Release

Letter to Editor

Letter to Editor

RSS Feed

RSS Feed

Submit your press release on


editorial@fibre2fashion.com

Letter To Editor






(Max. 8000 char.)

Search Companies





SEARCH

Leave your Comments


May 2018

Subscribe today and get the latest update on Textiles, Fashion, Apparel and so on.

news category


Related Categories:

Advanced Search