Spinnova buys Woodspin, Suzano Finland for €2, terminates JV
The deal will provide full ownership of Woodspin and Suzano Finland to Spinnova and the JV between the two will…
Spinnova
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Spinnova moves to acquire Woodspin demo plant
Woodspin, tasked with producing and distributing Spinnova fibre from wood, is equally owned by Spinnova and Suzano. After conducting a…
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Spinnova aims 35 job cuts for €2.6m annual savings in organisational review
These discussions exclude the executive management team but encompass all other personnel at the company. Initial projections from Spinnova suggest…
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Spinnova names co-founder Poranen new CEO
Poranen started his new CEO position on 20 March 2025, and is now responsible for looking after all operations within…
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Suzano ends Spinnova Woodspin investment on ‘new priorities’
Suzano and Spinnova said they are to begin a strategic review of Woodspin and will renegotiate the exclusivity rights. The…
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Spinnova and Suzano’s wood-based fibre plant faces delay
Finnish fibre textile company Spinnova and Brazil’s Suzano have postponed the pre-engineering stage phase for their new wood-based fibre facility…
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Spinnova secures €12.7m loan to advance eco-friendly fibre technology
Finland-based textile innovator Spinnova has secured a Research and Development (R&D) loan from Business Finland, amounting to a maximum of…
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Spinnova, ASK Scandinavia collaborate on eco-friendly handbag
Spinnova and ASK Scandinavia have introduced a work tote bag made from 30% wood-based Spinnova fibres and 70% cotton, dyed…
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Explainer: What do next-gen fibre makers need to succeed?
For the first half of 2024, Spinnova reported revenue of €362,000 ($403,000), down from €8.8m in the first half of…
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Spinnova, Valmet partner on fibre production equipment
The partnership agreement aims to enhance the competitiveness of fibre production technology by reducing both capital and operational costs. The…
