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#Recycling / Circular Economy

Infinited Fiber Company initiates cooperation negotiations with employees

Infinited Fiber Company has initiated cooperation negotiations that concern the personnel employed by parent company Infinited Fiber Company Oy and its subsidiary Infinited Fiber Kemi Oy. The goal of the negotiations is to find solutions to adjust the company’s cost structure and operations to address the current financing status.

Petri Alava, the Co-founder and CEO of Infinited Fiber Company, states: “The financial market for growth companies remains challenging, which has led us to the decision to start cooperation negotiations with our employees. In this environment we want to be thoughtful on prioritizing actions and streamlining costs. The promising financing round and negotiations both with current and new investors continue, but take more time than we initially anticipated.” 

Alava continues: “Our product, the regenerated Infinna™ fiber, has strong, proven demand, and it is widely perceived as one of the enablers for green transition in the fashion and textile industry. The industry needs a shift from linear to circular economy, which requires advanced solutions for textile-to-textile recycling. The successful scaling of these next generation technologies is crucial for the realization of green transition.”

Infinited Fiber Company Ali Harlin and Petri Alava © Infinited Fiber Company
Infinited Fiber Company Ali Harlin and Petri Alava © Infinited Fiber Company





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