Spinnova Updates Strategy
Spinnova recently updated its strategy to focus on reducing production costs and improving efficiency in its fibre concept. The company aims to build an international consortium to scale its technology by acquiring Woodspin and Suzano Finland.
Development Goals
- Develop technology for cost competitiveness
- Enhance SPINNOVA fibre properties
- Select wood-based and cellulose raw materials
- Promote joint venture with ECCO
- Target annual cost savings in Jyväskylä, Finland
Sustainable Textile Innovation
Spinnova’s patented technology transforms textile manufacturing using wood pulp or waste without harmful chemicals. The SPINNOVA fibre has minimal environmental impact and replicates natural cellulosic fibres.
For further information, contact Janne Poranen, CEO.
Certified advisor: Aktia Alexander Corporate Finance Oy
About Spinnova
Spinnova revolutionizes textile production sustainably, with shares listed on Nasdaq First North Growth Market Finland.
[Source: Spinnova Press Release]
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