[pageLogInLogOut]

#Yarn & Fiber

Spinnova has been awarded the Impact Award on the Deloitte Technology Fast 50 listing

Photo: Spinnova's Head of Investor Relations Virva Vesanen receiving The Impact Award on Deloitte Technology Fast 50 listing. © 2022 Spinnova
Spinnova has made Deloitte’s Technology Fast 50 list and received the Impact Award for its investments in a more sustainable tomorrow. Deloitte Technology Fast 50 program lists the 50 fastest growing technology companies in Finland.

Spinnova is named on Deloitte’s Technology Fast 50 list. The list includes fast-growing technology companies that are united above all by sustainability. This year, for the first time, Deloitte awarded a technology company that promotes sustainable business with the Impact Award from the companies that reached the Fast 50 list. The award was won by Spinnova, ranked 9th in the list, which has developed a new type of technology to produce textile fiber.

"Spinnova receiving the @Deloitte Impact Award, and being the first company to do so, means a great deal to us. We trust in our ability to transform the textile industry and are honoured to have others feel confident about that as well", comments Spinnova’s Head of Investor Relations Virva Vesanen on receiving the award.

Deloitte Technology Fast 50 program lists the 50 fastest growing technology companies in Finland. The winners are based on four-year average percentage growth for each technology company.

"Sustainabilty is an important part of Deloitte's values. Also, more and more growth companies specifically want to generate value for the company and society as a whole in a sustainable way. Investors are demanding more and more responsibility. This can already be seen in the types of business ideas that receive funding. This year, in addition to those listed on the basis of financial statement information, we wanted to reward a company from the list that does goal-oriented and innovative work to promote sustainable business. The criteria for the award were the company's investment in a more sustainable tomorrow. In the selection, emphasis was also placed on the company's vision, innovativeness and international growth from the perspective of sustainability", explains Deloitte’s Partner, Climate & Sustainability Anna-Maria Flanagan.


Deloitte Technology Fast 50 program is implemented based on the official financial statements of the companies. It is the 17th time when Deloitte runs the Fast 50 competition in Finland.

Read more: Deloitte Technology Fast 50 list 2022

https://www2.deloitte.com/fi/fi/pages/technology-media-and-telecommunications/articles/Technology-Fast-50-briefly-in-English.html



More News from TEXDATA International

#ITM 2026

ITM 2026: The new geography of textile production

New production hubs are emerging across North Africa and Central Asia, while Türkiye is accelerating its transformation toward higher-value, technology-driven and more sustainable textile manufacturing.

#Research & Development

“Production is a product”

From technical textiles and AI-driven robotics to the limitations of textile circularity: Professor Dr Thomas Gries looks back on more than two decades of development at ITA Aachen. In the interview, he explains why production technology remains a decisive success factor, discusses international collaborations and innovation ecosystems, and shares his views on the transformation of production landscapes and the challenges facing an increasingly regulated industry.

#Knitting & Hosiery

“We need to move away from the price trap and return to a value-driven mindset.”

With its new Textile Innovation Center, KARL MAYER is sending a strong signal for innovation, collaboration, and the future of textile applications. In this interview, Karl Josef Mayer discusses new opportunities in warp knitting, the processing of staple fibres, recycling, the changing role of machinery manufacturers, and why the textile industry must once again focus more strongly on the value of textiles. by Oliver Schmidt

#Associations

“Innovation, resilience and international experience remain the great strengths of the Swiss textile machinery industry”

Geopolitical uncertainty, growing competitive pressure from China, new free trade agreements and the shift towards a circular economy are currently reshaping the global textile industry. In this interview, Cornelia Buchwalder discusses the current mood within the Swiss textile machinery sector, the industry’s distinctive innovative strength, new market opportunities in India and Asia, and the technological trends that could shape the upcoming trade fair cycle leading up to ITMA 2027.

More News on Yarn & Fiber

#Man-Made Fibers

Lenzing reports improved half-year results and advances strategic transformation

Despite a persistently challenging market environment in the first half of 2026, characterized by volatile energy and raw material prices, subdued global consumer demand and intensified competition from Asia, the Lenzing Group significantly improved its financial performance. Net result after tax more than doubled to EUR 35.6 million, compared with EUR 15.2 million in the first half of 2025. Free cash flow increased to EUR 45.8 million, while EBITDA amounted to EUR 239.2 million. Revenue totaled EUR 1.27 billion, compared with EUR 1.34 billion in the previous year.

#Spinning

BICO BCF yarn delivers impressive performance in field testing

In a joint development project with other partners, Barmag and Object Carpet have successfully tested BICO BCF yarn in the carpet manufacturing process. The results show that this innovative yarn technology offers significant performance advantages and opens up new possibilities for recycling-oriented carpet constructions.

#Man-Made Fibers

Ministry of Industry Delegation visits NatureWorks’ second global manufacturing site at Nakhon Sawan Biocomplex

NatureWorks Asia Pacific Limited welcomed a high-level delegation led by Mr. Varawut Silpa-archa, Minister of Industry, to its manufacturing site at the Nakhon Sawan Biocomplex (NBC). The visit follows the successful inauguration of the site on April 29, 2026, and highlights the role of public-private collaboration in advancing Thailand’s sustainable industrial development and bioeconomy ambitions.

#Man-Made Fibers

Sorona® and WGSN announce top bio-based material trends of 2027

Sorona®, the partially bio-based polymer from Covation Biomaterials (CovationBio™), and global trend forecasting authority WGSN today release the material trends shaping the textile industry through 2027 and beyond following a comprehensive examination of bio-based functional fiber applications and global data.

Latest News

#Knitting & Hosiery

SHIMA SEIKI brings new flat knitting technologies to FEBRATEX 2026

Leading flat knitting solutions provider SHIMA SEIKI MFG., LTD. of Wakayama, Japan, together with its Brazilian representative BRASTEMA TECNOLOGIA TEXTIL LTDA., will exhibit at the Brazilian Textile Industry Fair (FEBRATEX 2026) this month. On display will be a roundup of SHIMA SEIKI computerized flat knitting technology, represented by WHOLEGARMENT® knitting machines, computerized flat knitting machines featuring a brand-new model with high productivity and excellent cost performance, a glove knitting machine and the latest digital solutions.

#Recycling / Circular Economy

German 'ZOLL' turns end-of-life uniforms into valuable raw materials

Together with CWS Workwear, the German Customs Administration is extending the life cycle of service uniforms through reuse, recycling and material recovery, demonstrating how circular economy principles can be successfully implemented in the public sector while delivering significant savings.

#Spinning

Trützschler’s latest spinning and card clothing innovations at CAITME 2026

From September 8 to 10, 2026, Trützschler will present its latest innovations in spinning and card clothing for state-of-the-art fiber processing at CAITME in Tashkent, Uzbekistan. Visitors are invited to meet the experts at Pavilion 2, Booth D50 and explore solutions designed to increase productivity, streamline processes, and ensure consistently high yarn quality. Key topics include the next-generation card TC 30i, the integrated draw frame IDF 3, the high-performance comber TCO 21XL as well as Trützschler Card Clothing’s new flat top series STEELTOP®.

#Textile chemistry

Fashion for Good launches DW(O)R-X to navigate the emerging landscape of PFAS-free finishes

Fashion for Good announced the launch of Project DW(O)R-X, a collaborative initiative designed to benchmark PFAS alternative durable water- and oil-repellent (DW(O)R) chemistries. Responding to growing market demand for alternatives to PFAS‑based finishes, the project aims to generate reliable, comparable data that can support informed sourcing decisions and the assessment of emerging chemistries.

TOP