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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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#Man-Made Fibers

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#Raw Materials

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#Man-Made Fibers

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

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#Recycling / Circular Economy

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

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#Yarns

Yarns and technologies in symbiosis: Biella Yarn presents Fall/Winter 2027/2028 collection “New Romance_”

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#Recycling / Circular Economy

The textile industry in transition

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#Research & Development

GenuTrace client advisory: Is your cotton supply chain UFLPA ready?

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#Spinning

"We will become a recycling powerhouse"

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#Research & Development

2026 general meeting of the Friends and Supporters of RWTH Aachen at ITA

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#Natural Fibers

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#Knitting & Hosiery

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#Natural Fibers

Cashmere specialist joins AbTF Board of Trustees

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