Suominen Corporation to support the cooperative initiative of Women’s Bank in Cambodia

Helsinki, Finland, 2017-03-21 13:00 CET (GLOBE NEWSWIRE) -- Suominen Corporation     Press release     21 March 2017 at 2:00 pm (EET)

Suominen Corporation to support the cooperative initiative of Women’s Bank in Cambodia

Suominen Corporation and Women’s Bank have agreed on cooperation that includes a one-time donation to a cooperative initiative of Women’s Bank in Cambodia. Cooperation for Women’s Economic Development is a project that strengthens the vitality of 17 agricultural cooperatives in total, through which the social and economic position of local women improves.

The initiative is a continuation of the four-year Women: Hope and Growth project. During the project, in total 24 agricultural cooperatives, led by females, were founded in four provinces.

“As a company, we want to carry our social responsibility also in global scale. The work done by Women’s Bank in developing countries is invaluable: They support the lives of local women and have also achieved tangible impacts and results. Suominen wants to support that work that improves the economical position of women and, consequently, creates general prosperity in local communities”, says Nina Kopola, President & CEO of Suominen Corporation.

Reetta Meriläinen, Chair of the Steering Group of Women’s Bank, is delighted of the cooperation started.

“Corporate partners are essential for us and I am very happy that we can now cooperate with Suominen. In this initiative in Cambodia, female entrepreneurship will be taken to the next level through more effective financial education, improved efficiency in savings and loans as well as through creating new networks between the female entrepreneurs and local investors”, Reetta Meriläinen states.


For further information, please contact

Nina Kopola
tel. +358 10 214 300
nina.kopola@suominencorp.com

Reetta Meriläinen
tel.+358 400 464 220
reetta.merilainen@naistenpankki.fi


Suominen in brief

Suominen manufactures nonwovens as roll goods for wipes as well as for medical and hygiene products. The end products made of Suominen’s nonwovens – wet wipes, feminine care products and swabs, for instance – bring added value to the daily life of consumers worldwide. Suominen is the global market leader in nonwovens for wipes and employs 650 people in Europe and in the Americas. Suominen’s net sales in 2016 amounted to EUR 416.9 million and comparable operating profit to EUR 25.6 million. The Suominen share (SUY1V) is listed in Nasdaq Helsinki Stock Exchange (Mid Cap). Read more at www.suominen.fi.

Women’s Bank is a network of Finnish volunteers that works to finance female entrepreneurship and livelihood through donations and in accordance with the principles of sustainable development. The network arranges a multitude of events, activities and fundraisings.

During its ten year of operations, Women’s Bank has raised over EUR 10 million of funds. The network includes more than 3,000 volunteers. The initiatives have reached 14 countries, and 30,000 people have directly benefited of the initiatives. Indirectly, the number of people impacted is over 150,000.


Photos: Maria Miklas