SpinnovaPlc has partnered with Valmet in an exclusive agreement for the supply of process equipment to Spinnova’s technology customers. The exclusivity is limited and includes a fee based on project deliveries. Spinnova doesn’t anticipate a significant impact on its 2024 financials.
Valmet, which previously supplied drying technology to Woodspin—a joint venture between Spinnova and Suzano—will continue collaborating with Spinnova to enhance fibre production technology. The focus is on reducing both capital and operational costs.
Spinnova’s CEO, TuomasOijala, emphasized the strategic importance of this partnership, citing Valmet’s global expertise in process technologies as crucial for meeting Spinnova’s technological and cost-competitiveness goals. The collaboration aims to equip technology customers with the best tools to produce innovative fibres, while also opening doors to potential customers in material processing and pulping.
Petri Rasinmaki, President of Valmet’s Paper Business Line, highlighted Valmet’s commitment to supporting sustainable practices in the textile industry, expressing excitement about expanding their role in this sector through the ongoing collaboration with Spinnova.
