Following Brazilian pulp giant Suzano's decision to halt further investment in their joint venture, Finnish textile fiber innovator Spinnova is revising its corporate strategy.
The company plans to reduce both production and investment costs by continuing to refine its fiber concept. To facilitate this, Spinnova intends to form an international consortium of partners around the company’s planned acquisition of Woodspin and Suzano Finland, assets that include a demonstration factory and micro fibrillated cellulose refining operations.
According to Janne Poranen, CEO, the company plans to focus on reducing its production and investment costs in 2025-26. Besides, the company also aims to enhance fiber characteristics for both textile and non-textile applications, and continue research into raw materials using wood-based and other cellulosic sources. A key element of the new strategy involves supporting the Respin JV with ECCO, which seeks to commercialize fiber solutions derived from leather waste.
Furthermore, the company aims to achieve annual savings of €500,000 through consolidating its facilities in Jyväskylä, Finland. Spinnova's innovative technology transforms wood pulp and various waste materials into textile fiber without relying on harmful chemicals or dissolving processes. The resulting fiber is biodegradable, recyclable, and produced with minimal CO₂ emissions and water usage, offering a sustainable alternative to traditional materials.
