Spinnova news and archive

Spinnova losses deepen in 2025, revenue drops 54 percent

Finnish textile technology company Spinnova Plc experienced a decline in revenue and higher losses in the 2025 financial year. The results were revealed in a business report published on Thursday. Revenue for the past year amounted to 344,000 euros (408,890 dollars). This represents a 54 percent decrease compared to 2024. The operating loss...

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New CCO for textile company Spinnova

Finnish material innovation company Spinnova is strengthening its management team with the appointment of Mikko Lassila as chief commercial officer (CCO). He will start in the position on April 15, 2026, according to the statement. “I am delighted to be part of the Spinnova team. The technology has enormous potential and a lot of progress has...

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Fashion

Bianca Saunders wins ANDAM fashion award

British menswear designer Bianca Saunders has won the ANDAM Fashion Award 2021, winning 300,000 euros and a year of mentoring from Balenciaga president and chief executive officer Cédric Charbit. In a statement, Saunders said that she plans to use the additional funding to take her brand to the “next level” by reinvesting in company...

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Business

Adidas invests in Spinnova

Adidas is continuing its quest to go green. The German sportswear retailer has invested in Finland’s Spinnova, a company that makes textile fiber out of wood or agricultural waste. The news was reported by Reuters. Adidas has subscribed to 3.65 million worth of shares in the company’s IPO, bringing Spinnova’s total investment to 58 million...

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Fashion

Spinnova wins 2021 ANDAM Innovation Award

Finnish start-up Spinnova has been named the 2021 ANDAM Innovation Award winner for developing 100 percent sustainable textile fibre directly out of FSC-certified wood and waste streams without dissolving or other harmful chemical processes. As winners, Spinnova will receive 50,000 euros and a one-year mentorship from Yann Gozlan, founder and...

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Video

Video: Fashion for Good takes a tour of Spinnova's fibre lab

Spinnova shares a behind the scenes look at how they create sustainable fibres in a virtual tour of their lab and office space. Posted by Fashion for Good, the 55-minute video shows viewers how Spinnova’s innovations turn wood pulp into fibre without the use of harmful chemicals. The video also includes a discussion with the sustainable fibre...