woodspin news and archive

Spinnova buys out Suzano, takes ownership of Woodspin

Finnish material innovation firm Spinnova has entered an agreement to buy all the shares of distributor Woodspin Oy and raw materials provider Suzano Finland Oy for a total of two euros per share. The agreement will transfer ownership of the two companies from Brazilian company Suzano S.A. to Spinnova, which will also make a capital contribution...

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Spinnova’s new strategy: Cost savings, lower fibre price and factory acquisition

Finnish material innovation company Spinnova (Spinnova) was forced to revise its strategy earlier this year following the withdrawal of its partner, Brazilian pulp and paper producer Suzano. Spinnova has now revealed its primary focus for 2025 and 2026. Spinnova’s fibre can be used in many types of materials, but production costs remain high. By...

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Spinnova producer awarded FSC certification

Woodspin, the exclusive producer and distributor of wood-based Spinnova biodegradable fibre, has been awarded the Forest Stewardship Council (FSC) Chain of Custody certification, offering full supply chain transparency. The FSC certification means the wood used in Woodspin’s manufacturing can be fully traced back from its origin to the final...

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Spinnova names new CEO, undertakes strategic review

Spinnova revenues grew to 8,820 thousand euros compared to 7,635 thousand euros in the first half of this fiscal. The company’s operating result was negative 10,994 thousand euros versus negative 5,766 thousand euros. “Our revenues increased to EUR 8.8 million from EUR 7.6 million, driven mainly by technology sales. The decline in operating...