All Spinnova articles
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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 ...
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News briefsAdidas Terrex launches first product with Spinnova
The Adidas Terrex HS1 is the first product to emerge from the partnership with Spinnova Source: Adidas Eight months after Adidas announced its partnership with Finnish textile material company Spinnova, the German brand has unveiled its first product that is integrated into the Adidas Terrex line and ...
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News briefsSpinnova and Kemira develop eco-friendly inherent fiber dyeing method
Finnish sustainable materials company Spinnova has entered into a long-term partnership with chemical company Kemira to develop a new environmentally friendly process for dyeing fibers. Dyeing fiber in its manufacturing process could be of great benefit to both the textile industry and the environment. Inherent dyeing in the Spinnova process ...
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News briefsSpinnova appoints Kim Poulsen as new CEO
Spinnova, the Finnish producer of sustainable fibers, has appointed Kim Poulsen as the company’s new CEO, effective August 1st. The company’s board has also appointed Spinnova’s co-founder and current CEO, Janne Poranen, as the chair of the board of directors and current chair Harri Sundvik as the deputy chair of ...
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ArticleVaude prototypes circular TPU backpack with 3D printed backpanel
Source: Vaude Novum 3D prototype backpack by Vaude With the help of German 3D engineering and plastics manufacturing specialist Oechsler, Vaude has developed a prototype of a new backpack – Novum 3D – that is made from TPU with a back panel made by a 3D printer. ...
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News briefsSpinnova invests in Rieter system for new yarn fabrication in Finland
Spinnova has purchased a full line of production machines from Swiss spinning technology specialist Rieter to be installed at the company’s premises in Jyväskylä, Finland. Following the agenda published before, Spinnova plans to spin the wood pulp fiber into yarn on the Rieter system on a large scale by the ...
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News briefsFirst alpine skis with Spinnova composite material
After establishing apparel and interior design applications, Helsinki-based sustainable material company Spinnova makes its debut in composites in partnership with Finnish ski manufacturer Pusu. In a special edition of the Abisko all-terrain and freeride ski, carbon and glass fibers are replaced by Spinnova as the reinforcement material. Delivery of the ...
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News briefsBergans releases second edition of futurelabs.anorak from Collection of Tomorrow
Bergans has released a new edition of the Bergans.futurelabs.anorak, which sold out almost immediately after its first launch in February. The new 05.D anorak features a new fabric by Spinnova, Bergans and Halley Stevenson and the bright new color “Wake up Orange.” For all who buy the new anorak, ...
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News briefs
TNF teams up with Spinnova
The North Face (TNF) and Spinnova, the Finnish sustainable material company, have partnered to develop new high-performance, sustainable textiles for the outdoor apparel category. The announced partnership aims to reduce the impact of the textile industry on the environment. Spinnova fiber is produced with minimal water usage, without harmful chemicals ...
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News briefs
New company by Spinnova and KT Trading to produce circular textile from leather waste
With new technology for recycling leather residues by spinning, Finnish company Spinnova and KT Trading from Switzerland, leather supplier to Danish footwear brand Ecco, aim to reach market maturity soon. Possessing the natural durability of leather and the low weight and feel of a traditional textile, the new category of ...
