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#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.




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#Raw Materials

Spinnova and Rieter to publish a yarn spinning guideline for industrial partners

Spinnova and Rieter have published a comprehensive yarn spinning guideline for industrial partners, detailing how to produce compact yarn from SPINNOVA® fibre using Rieter’s state-of-the-art machinery. The step-by-step guide outlines key considerations at each stage of the spinning process and is available upon request.

#Yarn & Fiber

Binding agreements signed: Spinnova buys all Woodspin and Suzano Finland shares, and secures exclusivity rights on wood-based fibre

On 10 June 2025, Spinnova published a release detailing the results of the strategic review of the Woodspin joint venture and the non-binding agreement proposal agreed with Suzano S.A. Based on the prior agreement, Spinnova Oyj has today signed binding agreements to buy all Woodspin Oy and Suzano Finland Oy shares from Suzano S.A. for a total of EUR 2 (two euros). This grants Spinnova full ownership of the producer and distributor Woodspin, as well as the provider of raw material, Suzano Finland Oy, for manufacturing wood-based SPINNOVA® fibre.

#Yarn & Fiber

Spinnova updates its strategy

Spinnova announced on 28 February 2025 that it started to review its strategy, post Suzano’s announcement that the company decided not to continue to invest into the next steps of collaboration with Spinnova.

#Yarn & Fiber

Inside information: Spinnova and Ecco have signed a Letter of Intent regarding plans for their joint venture company Respin

Spinnova Plc and ECCO Investment Corporation have signed a Letter of Intent (LOI) regarding the future plans for their 50/50 owned joint venture company Respin Oy. The development work of Respin’s leather waste-based fibre has shown good quality results during the current year. ECCO has successfully made a prototype shoe, which includes fibre from the Respin pilot line produced using Spinnova technology. A product launch by ECCO, using the fibre produced by Respin, is expected to take place before the end of Q1/2025.

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#Sustainability

Textile Exchange announces the winners of the 2025 Climate and Nature Impact Awards

Textile Exchange is pleased to announce the winners of the 2025 Climate and Nature Impact Awards. These awards recognize individuals and partnerships making progress toward a regenerative and equitable raw materials economy.

#Research & Development

Better, faster, bio-based: Functional new Plastic alternatives

How can new bio-based and biohybrid materials with improved features be developed faster? Six Fraunhofer institutes are jointly exploring this question in the SUBI²MA flagship project, using an innovative bio-based polyamide developed by Fraunhofer researchers as a model. Its specific properties make it a promising alternative to fossil-based plastics.

#Spinning

UHMWPE fibres – FET’s game changer for the biomedical market

FET is launching the FET-500 Series of gel spinning systems in a move that could revolutionise the research and development of UHMWPE fibres.

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#Textiles & Apparel / Garment

Nike unites innovation, design and product teams to accelerate athlete-centered innovation

Nike, Jordan Brand and Converse are joining forces under a new, athlete-focused creation structure aimed at accelerating innovation and driving growth across NIKE, Inc. The new setup unites the Innovation, Design and Product teams from all three brands into a single “creation engine” that will enable greater sharing of insights, technology and manufacturing methods throughout the innovation process. This integration is part of Nike’s new Sport Offense strategy and is designed to enhance the creation of products that help athletes perform at their best.

#ITMA Asia + CITME Singapore 2025

DORNIER celebrates its anniversary at ITMA Asia + CITME

To mark its 75th anniversary, machine and plant manufacturer Lindauer DORNIER will be presenting the latest developments in its rapier and air-jet weaving machines at ITMA Asia + CITME in Singapore (Hall 2, Stand B401) from 28 to 31 October 2025. The focus will be on energy-efficient weaving technologies, new IoT solutions for networked textile production and systems for the series production of modern fibre composite components.

#Natural Fibers

BCI warns against ‘dangerous dilution’ of EU corporate directives

The approval of the European Commission’s Omnibus I proposal by the European Parliament’s Committee on Legal Affairs, accepting controversial changes to key sustainability directives is of great concern. These changes, namely to the Corporate Sustainability Reporting Directive (CSRD) and the Corporate Sustainability Due Diligence Directive (CSDDD), threaten to significantly dilute business reporting and due diligence obligations.

#Sustainability

Pioneering open-source framework shows how early innovation drives a just and net-zero fashion future

The non-profit H&M Foundation, in collaboration with Accenture, has unveiled From Signals to Systems Change, an insight report calling on the fashion industry to rethink its role in transformation. At its core is the Reimagined System Map, a pioneering open-source framework that visualises how early-stage innovation could drive a just and net-zero textile future.

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