All Spinnova articles
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ArticleSpinnova shifts strategy, takes full control of Woodspin
The Finnish textile innovator is reshaping its business model following a strategic review, asset write-down and major ownership adjustment.
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News briefsSpinnova’s CEO resigns after short tenure
Tuomas Oijala will leave the company in September, leaving the Finnish textile innovator to search for a new leader to drive the company’s future.
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News briefsSuzano pulls out of Woodspin collab, strategic review underway
Suzano halts investment in the Spinnova’s Woodspin project, triggering a strategic review and opening potential new opportunities in sustainable fiber tech.
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News briefsSpinnova partners with Siemens to develop sustainable fibers at scale
The collaboration will enable Spinnova to speed up production.
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News briefsSpinnova and Suzano’s factory project faces delay
Technical challenges push back the pre-engineering phase for the wood-based fiber facility.
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ArticleSpinnova partners with fashion accessories brand
The innovator of sustainable textiles partners with ASK Scandinavia to produce eco-friendly bags, advancing sustainable textile innovation in the fashion accessories market
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ArticleSpinnova: Navigating challenges and embracing strategic shifts in H1
The Finnish innovator in sustainable textiles navigates financial challenges with strategic shifts, boosted by a key partnership for a new production facility.
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ArticleRukka to outfit Finnish team at Paris Olympics
Discover the journey behind the Finnish Olympic team’s new look, crafted by Rukka, a brand under Luhta Sportswear. From the inspiration of “light and shadow” to sustainable design practices, this collection is set to make a statement at the Paris Games.
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News briefsSpinnova producer obtains FSC Chain of Custody certification
Woodspin, the exclusive producer and seller of the innovative Spinnova fiber, has achieved Forest Stewardship Council (FSC) Chain of Custody certification. This recognizes that the wood used by Woodspin for its fibers can be fully traced from its origin to the final fiber product. Woodspin is a 50/50 joint venture ...
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ArticleSpinnova reports disappointing FY, announces new strategy and job cuts
Finnish sustainable fiber production specialist Spinnova, listed on Nasdaq First North Growth Market Finland, has closed its financial year 2023 with high losses and declining sales and has therefore announced a new strategic direction and a resulting reduction in staff. In 2023, Spinnova generated revenue of €10.6 million, which was ...
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News briefsSpinnova and Suzano sign agreement for new production facility
Finnish biomaterials company Spinnova and Suzano have signed a Letter of Intent (LOI) regarding plans for a new production facility for wood-based Spinnova fiber. The LOI is a non-binding agreement that includes certain criteria as requirements for moving into the pre-engineering phase of the new facility. It also includes preliminary ...
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ArticleSpinnova calls for incentives for and investment in circular fashion at COP28
Finnish biomaterials company Spinnova has emphasized the importance of climate action in the global fashion and textile industry in the context of COP28. The company justifies this because the fashion and apparel industry is one of the most environmentally damaging industries in the world. It is responsible for 4 percent ...
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News briefsNew CEO for Spinnova
Source: Spinnova Tuomas Oijala Finnish sustainable materials company Spinnova’s Board of Directors has appointed Tuomas Oijala as CEO, effective January 1, 2024. Oijala comes from a long and successful career at Kone Corporation, a Finnish industrial company listed on the Helsinki Stock Exchange and one of the ...
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News briefsSpinnova receives R&D grant to develop waste-based fibers
Finnish biomaterials company Spinnova has received a grant of a maximum of €1.9 million for a product development project from Business Finland, a public organization under the Finnish Ministry of Employment and the Economy, for the period from April 15, 2023, to April 14, 2025. The product development project aims ...
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ArticleAdidas Terrex’s Carla Murphy: “A key priority is to create access”
Read more about how the SVP/Global General Manager sees Adidas Terrex’s place in the Outdoor industry and where it could be in the future
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News briefsSpinnova appoints interim CEO
According to media reports, Spinnova CEO Kim Poulsen resigned from his position effective April 21, 2023. The Finnish producer of sustainable fibers’ board of directors has appointed CFO Ben Selby, CFO since March 2021 and a member of Spinnova’s management team, as interim CEO. The search for a new permanent ...
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News briefsHalti chooses sustainable fiber partner for new parka
Finnish urban outdoor brand Halti has partnered with the Finnish biomaterials company Spinnova to release a windproof and water-resistant parka, the Cyclus. As well as having a lower-impact manufacturing process, the jacket’s Spinnova fiber is entirely biodegradable and recyclable. Sustainability and easy repair have been considered in every detail ...
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News briefsSpinnova announces triple revenue in FY 2022, Woodspin factory in operation
In its full-year financial statement, the Finnish biomaterials company Spinnova reports significant growth in its staff as well as the company’s results. Full-year revenues grew to almost €24.3 million for 2022, which is an increase of more than 300 percent year on year. The company completed the construction of its ...
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News briefsSpinnova receives € 1.6m Business Finland grant for fiber research
The Finnish fiber company Spinnova has received a grant of a maximum of €1.6 million from the European Union’s NextGenerationEU financing and Finland’s Bio & Circular Finland sustainable growth program. The grant is to be used from October 2022 to the end of 2023. According to the company, the amount ...
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ArticleSpinnova reports soaring revenues in H1
Spinnova has reported revenues of €7.6 million for the first half of 2022, which compares to €370,000 in the first half of 2021 and to €6.1 million for the whole of 2021. However, the Finnish biomaterials company also reported an operating loss of €5.8 million for H1, which compares to ...
