[pageLogInLogOut]

#Yarn & Fiber

Inside Information: Suzano will not invest into next steps of collaboration with Spinnova

Suzano will not invest into the next steps of the collaboration with Spinnova. Spinnova and Suzano have agreed to begin a strategic review of Woodspin and will renegotiate the exclusivity rights. Spinnova will commence its own strategic review.


Spinnova Plc has been informed by Suzano Plc today, 28 February 2025, that Suzano will not invest into the next steps of the collaboration with Spinnova. As a result of this decision from Suzano, Spinnova currently does not expect Suzano to make a factory investment in the near future. Suzano comments that this business decision is based on Suzano’s newly defined priorities and capital allocation strategy and is not related to Suzano’s confidence in the technology that prompted the initial investment. Suzano will continue to be a shareholder in Spinnova.

Together, Spinnova and Suzano have agreed to commence a strategic review of their joint venture Woodspin, which is expected to be completed within the coming months. Spinnova continues to see significant interest from other parties in its fibre and technology. Therefore, the review will also assess the terms for the termination of the exclusivity rights that are part of the joint venture agreement. Spinnova continues to implement its own technology roadmap, including its own MFC concept, as communicated previously.

Concurrently with the review of Woodspin, Spinnova will begin an assessment of its strategy including all its joint ventures and will plan future actions. The company will review its strategic targets and the financial guidance for 2025. Spinnova expects the strategic assessment to be completed within the next few months and will update the market when appropriate.




More News from SPINNOVA PLC

#Raw Materials

ECCO introduces first shoe featuring innovative protein-based fibre

ECCO, in partnership with Spinnova, announces the launch of the limited edition ECCO BIOM® 720, a first-of-its-kind shoe utilising an often overlooked leather by-product, transformed into a protein-based fibre. The fibres are produced using patented technology that advances material innovation while reducing waste and supporting full resource use across the leather and textile industry.

#Man-Made Fibers

Swiss industrial engineering and manufacturing company Sulzer joins Spinnova’s ecosystem

Sulzer, a Swiss industrial engineering and manufacturing company, has joined Spinnova’s ecosystem (consortium) to enable the availability of SPINNOVA® fibre in the textile materials market. Sulzer will contribute its expertise to support Spinnova’s development work.

#Recycling / Circular Economy

Textile‑to‑textile recycling leader Circulose joins Spinnova’s ecosystem to accelerate technology scale‑up

Textile‑to‑textile recycling leader Circulose joins Spinnova’s ecosystem (consortium) to help advance the scale‑up of Spinnova’s technology. Spinnova has actively sought partners to accelerate commercial scale‑up, and Circulose, as a key player in textile recycling, strengthens the ecosystem by providing a raw material that is in high demand across the industry.

#Yarns

Yarn spinning partner Tearfil continues to support Spinnova’s fibre and technology

Spinnova Plc has signed non-binding Letter of Intent (LOI) with Portuguese yarn spinning company, Tearfil Textile Yarns to secure access to SPINNOVA® fibre volumes.

More News on Yarn & Fiber

#Yarns

From advanced fibres to eco‑focused yarns: Yarn Expo Autumn 2026 set to welcome global industry to Shanghai

From 25 – 27 August, Yarn Expo Autumn 2026 will return to the National Exhibition and Convention Center (Shanghai) to reinforce its role as a key meeting point for the global yarn and fibre industry. With over 22,000 visitors, the previous edition gathered nearly 580 leading exhibitors from 16 countries and regions, showcasing advanced developments and creative applications that support innovative, sustainable textile design. The upcoming edition will not only present an extensive range of fibre and yarn products, but will also feature a comprehensive fringe programme, including industry forums and trend display areas, providing innovative upstream enterprises with a stage to introduce next‑generation materials and sustainable concepts.

#Man-Made Fibers

Indorama Ventures supports Southeast Asia’s textile customers with reliable regional supply and global innovative portfolio

Indorama Ventures, one of the leading global polyester fiber and filament yarn suppliers globally, will participate in Indo Intertex 2026 in Jakarta this April, making its diverse global portfolio available to apparel, home textile, and hygiene customers across Southeast Asia.

#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.

Latest News

#INDEX 2026

INDEX 2026: Reicofil introduces RF 5.10 upgrade boosting output by 10 percent

At INDEX 2026, Reifenhäuser Reicofil will present its latest developments for the nonwovens industry under the guiding themes “Grow Together”, “Expand Together” and “Transform Together”. On this occasion, the leading manufacturer of nonwoven machinery will be unveiling two brand-new technology advancements – RF 5.10 upgrade and RF Core – at the show.

#Recycled Fibers

Lindex and BASF partner to bring textile-­to­-textile recycled polyamide to lingerie sector

Lindex has partnered with BASF’s loopamid® to accelerate textile-­to-­textile recycling and advance the shift towards more circular material solutions in the fashion industry. Together they introduce loopamid to the lingerie sector.

#Dyeing, Drying, Finishing

Tradition and Innovation – Phoenox Textiles Ltd. relies on state-of-the-art carpet back-coating line from Brückner

For more than 70 years, Phoenox Textiles Ltd. has been synonymous with quality, reliability, and inno-vation in the textile industry. Founded in 1954 in Huddersfield (Yorkshire, UK), a region with a long tradition in textiles, this family-owned business has continued to evolve without losing sight of its roots. Today, in its fourth generation under the leadership of the Mosley family, Phoenox successfully combines decades of experience with a clear, forward-looking corporate strategy.

#ITM 2026

Uster FiberQ excels for recycled raw materials too

Uster FiberQ is a complete solution for raw material utilization, supporting spinners to achieve consistent quality and profitability every day, building further growth for the future. The Turkish company ORTA relies on FiberQ with recycled yarn for its denim production. Data-driven knowledge puts the producer in control of raw material utilization – ready to make the correct decisions for process efficiency, quality and productivity.

TOP