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Finnish startup Spinnova has entered a joint venture to build a commercial-scale facility. It will be able to produca a new green fibre made from wood pulp. Photo: Instagram/@spinnova fibre Is the fashion world ready for more clothes made of wood? Suzano SA, the world’s largest wood pulp maker, is making a big bet that it is, and joining the party is Finnish startup Spinnova. The two players are entering a 50-50 joint venture to build a commercial-scale facility to produce a new green fibre made from wood pulp. Production from the new facility, which requires an investment of 50 million euros (RM246 million), won’t hit the market until 2022. But one of of the biggest names in retail is already on board. ....
March 2, 2021 JYVÄSKYLÄ, Finland February 25, 2021 Material innovation company Spinnova and the world’s largest wood pulp producer Suzano will make an estimated 22 million euro ($26.6 million) investment to build the first commercial scale SPINNOVA® production facility in Finland. The total investment, including all needed infrastructure such as real estate, is estimated to be some 50 million euros ($60.4 million). Spinnova’s sustainable fibrer, created out of wood and waste without the use of harmful chemicals, will be available for global textile brands in 2022. The new, industrial scale production unit will be located in Jyväskylä, Finland, home of Spinnova’s R&D hub and pilot facility. Production will be managed and operated by a new joint venture company owned 50/50 by Spinnova and its partner and investor, Suzano. ....
EUR 50 million factory for Spinnova sustainable fibre innovationintextiles.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from innovationintextiles.com Daily Mail and Mail on Sunday newspapers.
Finnish sustainable fibre producer Spinnova has entered into a 50:50 joint venture with wood pulp producer Suzano in a move that will see it begin construction of a EUR22m (US$27m) factory that allows it to scale production of its sustainable bio-based fibre. related to Apparel, Fibres & fabrics, Manufacturing, Social & environmental responsibility, Sourcing, Technology, H&M, ....