HELSINKI – Spinnova Plc, a Finnish textile technology company, and Suzano S.A., a Brazilian pulp and paper giant, have announced a delay in their joint plans for a new production facility for Spinnova fibre. The two companies signed a Letter of Intent (LOI) in March 2024 to explore the establishment of a plant dedicated to producing wood-based Spinnova fibre, a sustainable alternative to traditional textiles.
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