[pageLogInLogOut]

#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.

These transactions, subject to customary closing terms, are expected to close within the next couple of weeks. Suzano will also make a capital contribution of EUR 5 million in total to Woodspin and Suzano Finland.

The joint venture agreement between Spinnova and Suzano will be terminated, enabling Spinnova to license technology freely. Operations at Woodspin have ceased until further notice while alternatives for continued operations are being looked for.

According to the agreement, Spinnova gets full ownership of the only large demo facility, with the needed infrastructure and utilities in place to produce SPINNOVA® fibre from pulp to bale.

In the short term, transactions will not have a negative cash flow impact on Spinnova. Spinnova has recognised an impairment loss on Woodspin, which will negatively impact Spinnova’s results in 2025. The impact of the impairment will be communicated in the Half-Year Report for January-June 2025 to be published on 28 August 2025.

The first communication of an impairment loss took place on 10 June 2025 (full company release is available on Spinnova’s website https://spinnovagroup.com/releases/).

Spinnova has not given financial guidance for 2025.

Woodspin Oy, the exclusive producer and distributor of wood-based SPINNOVA® fibre, was a joint venture owned by Spinnova Oyj and Suzano S.A., 50% each. The strategic review of Woodspin commenced in February 2025, and a non-binding term sheet was signed in June 2025 (full company release is available on Spinnova’s website https://spinnovagroup.com/releases/).



More News from SPINNOVA PLC

#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.

#Man-Made Fibers

Fashion for Good-backed Spinnova consortium gains momentum with Tommy Hilfiger joining

Fashion for Good has endorsed Spinnova’s ambition to build a multi-stakeholder ecosystem (consortium) to scale its fibre technology innovation and increase the availability of sustainable SPINNOVA® fibre in the textile materials market. The collaboration marks an important step in Spinnova’s strategy to bring SPINNOVA® fibre to wider commercial adoption through coordinated value chain cooperation.

#Man-Made Fibers

ARMEDANGELS to develop more sustainable products with SPINNOVA® fibre

ARMEDANGELS has signed non-binding Letter of Intent (LOI) to secure access to SPINNOVA® fibre volumes in the future. The LOI outlines an important step in Spinnova’s ambitions to create an ecosystem (consortium) to enable the availability of sustainable SPINNOVA® fibre in the textile materials market.

#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.

More News on Yarn & Fiber

#Yarns

B.I.G. Yarns achieves EcoVadis Platinum Rating, ranking among top 1% of companies worldwide

B.I.G. Yarns, the carpet yarn brand of B.I.G. and a leading manufacturer of polyamide (PA), polypropylene (PP) and polyester (PET) yarns for contract, automotive, and high-end residential applications, has been awarded the EcoVadis Platinum Medal, placing the company among the top 1% of more than 130.000 companies assessed globally.

#Heimtextil 2026

Eastman Naia™ expands All-Night Comfort at Heimtextil 2026

New fill solutions and the debut of sleepwear highlight the versatility and performance of Naia™ Renew, its circular fiber, for home textile applications.

#Heimtextil 2026

Stability in volatile markets: Heimtextil 2026 launches with 3,000 exhibitors and design expertise from Patricia Urquiola

Heimtextil opens the new season with 3,000 exhibitors from 66 countries – maintaining stability while becoming even more international. The new hall layout increases visibility and connects supply and demand even more efficiently. At the opening, architect and designer Patricia Urquiola and Rosa Bertoli, Global Design Director of Wallpaper magazine, talk about AI, innovative materials and future-oriented design for modern living environments.

#Yarns

January 2026 marks Asahi Kasei’s restart of Bemberg production in restored sections of the Nobeoka facility

Beginning January 2026, production at the Asahi Kasei Nobeoka facility – Bemberg’s only production site – will gradually resume, marking a new chapter following the partial shutdown caused by the April 2022 incident. This progress is the result of significant investments and continuous work toreinforce safety measures, restore full operational capacity, and establish long- term stability.

Latest News

#Digital Printing

Epson launches SureColor G9000: high-production Direct-To-Film printer delivering greater productivity and reliability

Epson today announces the launch of the SureColor G9000, a new high-production Direct-To-Film (DTFilm) printer designed to meet growing global demand for flexible and efficient textile transfer printing. Expanding Epson’s DTFilm line-up alongside the SC-G6000, the SC-G9000 introduces enhanced speed, reliability and ease of maintenance for commercial garment decorators and textile producers.

#Nonwoven machines

Three ANDRITZ spunlace lines start operating at Alar Silk Road New Materials in China

Alar Silk Road New Materials and ANDRITZ have successfully commissioned three spunlace lines in crosslapped configuration at Alar’s facility in Aral City, Xinjiang, China.

#Raw Materials

Better Cotton Initiative opens enrollment in the US with promising opportunities for producers

Producer enrollment for the US Program of the Better Cotton Initiative (BCI) is open until May 15 for the 2026-2027 season. With over 2,600 members spanning the cotton supply chain and more than 11,000 users of its Better Cotton Platform (BCP) as of 2025, BCI’s standard is implemented in 15 countries and covers one fifth of global cotton production.

#Knitting & Hosiery

SHIMA SEIKI to exhibit at GMMSA Expo India

Leading Japanese computerized flat knitting technologist SHIMA SEIKI MFG., LTD. of Wakayama, Japan, together with its Indian sales representative Universal MEP Projects & Engineering Services, Ltd., will participate in the upcoming Garments Machinery Manufacturers & Suppliers Association (GMMSA) Expo India 2026 exhibition to be held in Ludhiana, India next month. Through its lineup at GMMSA, SHIMA SEIKI aims to further strengthen its presence within the Indian market with an exhibit that caters to diverse needs, consisting of seam-free WHOLEGARMENT® knitting technology as well as a brand-new shaping machine with high productivity and excellent cost performance.

TOP