[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

#Techtextil 2026

Performance Apparels: Functional textiles drive innovation at Techtextil 2026

From high-performance fibres and advanced membranes to smart textiles and sustainable material concepts – functional apparel is becoming one of the most dynamic innovation fields in technical textiles. At Techtextil 2026, exhibitors demonstrate how new materials, finishing technologies and digital functions are shaping the next generation of protective, workwear and outdoor systems.

#Texprocess 2026

Texprocess 2026: Automation, digitalisation and AI reshape textile processing

Investment decisions in textile processing have become increasingly complex. Rising energy prices, labour shortages and geopolitical uncertainties are forcing companies to prioritise technologies that deliver measurable improvements in efficiency and process stability. This applies not only to apparel production, but also to the processing of technical textiles and high-performance materials. Modernisation projects are therefore being evaluated more selectively – but the pressure to upgrade production systems continues to grow. Texprocess 2026 reflects this tension between cautious investment behaviour and increasing technological demand.

#Techtextil 2026

Textile Chemicals & Dyes: Innovation in Textile Chemistry moves into focus at Techtextil 2026

From PFAS-free finishes and water-saving dyeing technologies to advanced coatings and recycling-compatible formulations, innovation in textile chemistry is accelerating across the industry. Reflecting this development, Techtextil 2026 introduces Textile Chemicals & Dyes as a dedicated product segment, highlighting the growing role of chemical solutions in shaping the next generation of technical textiles.

#Recycling / Circular Economy

textile.4U publishes special edition “Top 100 Textile Recycling Companies 2025”

With a comprehensive 176-page special edition, textile.4U is dedicating its latest issue entirely to one of the most dynamic and influential topics in today’s textile industry: textile recycling. The new issue, published exclusively in high-quality print, presents the Top 100 textile recycling companies researched and selected by TexData – organizations that already play a key role in the transition to circular textiles or are expected to have a significant impact in the near future.

More News on Yarn & Fiber

#Yarns

Yarn Expo Spring 2026 concludes, connecting buyers with innovative selection of sustainable yarns and fibres

Yarn Expo Spring 2026 wrapped up successfully on 13 March, as a record-high of over 600 exhibitors from 12 countries and regions welcomed more than 25,000 visitors from 113 countries and regions. Held across 27,000 sqm in Hall 8.2 of the National Exhibition and Convention Center (Shanghai), the fair highlighted the textile industry’s accelerating shift toward a lower-impact, more functional future. Exhibitors presented eco-friendly organic, regenerated and recycled yarns and fibres, alongside innovative options such as sweat-resistant and high-performance materials. A comprehensive fringe programme further enriched the event, offering practical market insights and new networking opportunities.

#Man-Made Fibers

Lenzing advances its transformation: Higher EBITDA, stronger free cash flow and more than EUR 200 million in cost savings

The business performance of the Lenzing Group in 2025 was affected particularly in the second half of the year by external factors such as international tariff measures, subdued demand and declining market prices. As a result, revenue decreased slightly by 2.3 percent to EUR 2.6 billion, primarily due to lower fiber sales volumes and lower prices for fibers and pulp, which were further negatively impacted by currency developments. Nevertheless, thanks to the comprehensive Performance Program, Lenzing was able to improve its operating performance and key financial indicators compared with the previous year.

#Man-Made Fibers

“Lead Transformation – Generate Impact”: Lenzing presents its 2025 Annual and Sustainability Report

The Lenzing Group has published its 2025 Annual and Sustainability Report, entitled LEAD TRANSFORMATION – GENERATE IMPACT. The report shows how Lenzing is actively shaping change in the industry and making a lasting impact: economically, ecologically, and socially. Lenzing is consistently focused on the future: with targeted investments in premiumization, excellence, innovation, and sustainability, the company is strengthening its position as a leading provider of sustainable, cellulose-based premium fibers. The combined report is available in digital format.

#Raw Materials

Lenzing Group positions bio‑based materials as a strategic asset for Europe’s economic security

The Lenzing Group, a leading supplier of regenerated cellulose fibers for the textile and nonwovens industries, hosted a high‑level roundtable in Brussels to discuss how bio‑based materials can strengthen Europe’s economic security and support the shift toward a fossil‑free future. Organized in cooperation with Euractiv, the event brought together representatives of the European Commission, the UK Mission to the EU, academia, civil society, and industry.

Latest News

#Composites

KARL MAYER strengthens partnerships in the composites industry at JEC World 2026

KARL MAYER further strengthened its role as a reliable and competent partner to the composites industry at JEC World 2026. The global market leader in textile machinery manufacturing used the trade show to meet key customers, establish numerous new contacts, and engage in in-depth technical discussions.

#Recycling / Circular Economy

ABB and Syre partner to explore technologies for industrial-scale textile recycling

ABB has signed a Memorandum of Understanding (MoU) with Swedish textile impact company Syre to jointly explore technologies to support the development of Syre’s first textile-to-textile recycling plant in Vietnam. The agreement establishes a framework for collaboration to investigate how ABB’s automation, electrification and digital technologies could contribute to safe, efficient and scalable operations. It will also explore how these capabilities could further optimize process and quality control performance as Syre advances its ambition to produce circular polyester at industrial scale.

#Techtextil 2026

From Nature Performance to Circular Economy: Techtextil 2026 focuses on the future market for technical textiles

Alternative materials and recycling technologies are one of the most important future segments and drivers of innovation in technical textiles. Sustainability goals and regulatory requirements increase their relevance, while advances in performance and economic viability enhance their market competitiveness. Taking place from 21 to 24 April 2026, Techtextil reflects this key industry trend with a growing number of specialised exhibitors. With the new “Nature Performance” label, the leading global trade fair bundles relevant market offerings and facilitates access to new solutions – from natural fibres and yarns to bio-based materials and circular approaches.

#Research & Development

Textile cascade filter for removing microplastics from wastewater

Microplastics are now found almost everywhere, even in remote regions of Antarctica. They enter the human body through the food chain. Studies indicate that microplastics may have negative effects on the human health.

TOP