Valmet and Spinnova Plc announce exclusive partnership to enhance textile fibre production

Valmet and Spinnova Plc have solidified a strategic partnership, with Valmet designated as the exclusive supplier of process equipment for Spinnova’s advanced textile fibre technology. This agreement, which is set to last four years, includes an exclusivity fee dependent on project deliveries. The partnership aims to drive down costs in cellulose and recycled fibre production, a move that aligns with both companies’ commitment to sustainability and innovation in the textile sector.

Exclusive Equipment Supply Agreement

The strategic partnership between Valmet and Spinnova is poised to revolutionise the textile industry by integrating cutting-edge technology with sustainable practices. Valmet’s role as the exclusive supplier will focus on providing advanced process equipment tailored to Spinnova’s unique production requirements. The agreement is notable not just for its exclusivity but also for the way it leverages Valmet’s expertise to support Spinnova’s ambitious goals in fibre technology.

Previously, Valmet contributed to the Spinnova-Suzano joint venture by supplying drying technology for Spinnova’s factory in Jyväskylä, Finland. This factory produces the SPINNOVA fibre, a revolutionary material made from wood pulp. The new partnership aims to enhance this collaboration, aiming for further advancements in fibre production technology.

Strategic Goals and Sustainability

The collaboration reflects a shared commitment to reducing the capital and operational costs associated with textile fibre production. Valmet’s Petri Rasinmäki, Business Line President of Paper, expressed the company’s enthusiasm for the role they are set to play, stating, “Valmet aspires to play a crucial role in transforming the textile industry. We support our customers’ transition to renewable resources and are thrilled to continue our collaboration with Spinnova. This partnership allows us to leverage our expertise and enhance our footprint in the textile sector.”

For Spinnova, this partnership represents an opportunity to enhance their technological capabilities and reach new markets. Spinnova’s CEO, Tuomas Oijala, commented, “We are excited to continue our collaboration with Valmet. With Spinnova’s innovation and Valmet’s capabilities as a leading global supplier of process technologies, we can deliver our technology customers the best possible tools to produce our innovative fibre. Working with Valmet will accelerate our technological advancements and cost-competitiveness targets while opening up new opportunities with potential technology customers.”

Innovative Technology and Market Impact

Spinnova’s technology stands out for its ability to produce textile fibres from renewable sources with minimal environmental impact. Unlike traditional methods that rely on harmful chemicals, Spinnova’s process uses wood pulp and waste materials such as leather, textile, or agricultural residues to create fibre. This method avoids by-products, resulting in a material with reduced CO2 emissions and water usage. SPINNOVA® fibre is not only biodegradable and recyclable but also mimics the look and feel of natural fibres like cotton.

The partnership between Valmet and Spinnova is a strategic move to address the growing demand for sustainable textiles. By combining Spinnova’s innovative fibre technology with Valmet’s advanced process equipment, the two companies aim to set new standards in the textile industry. The partnership is expected to lead to significant advancements in the efficiency and sustainability of fibre production processes.

About Spinnova Plc

Spinnova Plc, based in Finland, is a leader in sustainable textile technology. The company’s patented process transforms wood pulp and waste materials into high-quality textile fibres without the use of harmful chemicals. Spinnova’s commitment to sustainability and innovation has positioned it as a key player in the global textile market. The company’s shares (SPINN) are listed on the Nasdaq First North Growth Market Finland.