What spinnova oy-fi does

Spinnova Plc is a Finnish sustainable textile fibre technology company headquartered in Jyväskylä, founded in 2015 and listed on Nasdaq First North Growth Market Finland under the ticker SPINN. Its core offering is a patented mechanical refining process that converts cellulose from wood pulp, textile waste, agricultural residues, food industry by-products or leather shavings into textile fibre without dissolving chemistry or harmful solvents. The technology is supported by approximately 80 granted patents and 30+ pending applications worldwide, and Spinnova describes its process as the only one of its kind at commercial demonstration scale. The company targets global fashion, sportswear, outdoor and footwear brands, fibre manufacturers and equipment suppliers, with publicly named brand partners including Adidas (also a cornerstone investor since the 2021 IPO), Bestseller, H&M Group/Arket, Tommy Hilfiger, ECCO, PUMA, Bergans and Marimekko.

Spinnova operates a hybrid business model. Direct fibre sales run through the Woodspin / Spinnova Refining Oy platform, which Spinnova now owns outright following the October 2025 acquisition and Suzano exit. A parallel protein-based fibre line is operated through the Respin joint venture with ECCO. Alongside these, the company has shifted commercial focus toward licensing its fibre production technology to fibre manufacturers and brands, supported by ecosystem partners such as Sulzer and Fashion for Good. R&D services income and project-based funding are a third revenue stream, including a EUR 12.7 million R&D loan from Business Finland signed in October 2024. The company's stated long-term ambition is around 1 million tonnes of licensed fibre capacity globally within 10-12 years; current demonstration capacity is in the low-thousand-tonnes-per-year range.

The company employs approximately 60 staff across offices in Jyväskylä and Espoo and operates fibre-production assets in Finland. Commercial production has not yet reached full scale: the company states its fibre is not yet commercially available at scale, Woodspin trial production was restarted in April 2026 after a pause, and only a handful of limited commercial products (including the ECCO BIOM 720 launched in April 2026, plus earlier Adidas TERREX and JACK & JONES garments) have reached the market to date. The April 2026 commercial launch of ECCO BIOM 720, new LOIs in Brazil and Bangladesh and an expanding ecosystem of equipment and brand partners indicate active execution of the technology-licensing pivot begun in March 2024, balanced against the capital intensity and supply-chain qualification cycles typical of novel cellulosic fibres.

Name

spinnova oy-fi

Legal name

Spinnova Plc

Website

https://spinnova.fi

Company type

Public

Founded year

2015

Operating status

Operating

Short description

Spinnova Plc is a Finnish textile fibre technology company that develops and licenses a patented mechanical process converting wood pulp and various waste streams into sustainable textile fibre, serving global fashion, sportswear, outdoor and footwear brands.

Ownership category

akta.pro rank

Product category

Sustainable Textile Fibres

NAICS

Artificial and Synthetic Fibers and Filaments Manufacturing (32522)

SIC

Textile Mill Products (2200)

akta.pro primary industry

Bio-based Textiles & Fibers (lyocell/viscose, cellulose filament, nonwovens) (IMAMALAK)

akta.pro secondary industry

Biobased, Compostable & Low-Impact Material Innovation (Bio-polymers/Dope Dyeing) (IMAOAMAM)

Keywords

• Sustainable textile fibre
• Mechanical fibre production
• Cellulose fibre manufacturing
• Recycled textile materials
• Biodegradable apparel fibre

Headquarters

HQ city

Jyväskylä

HQ country

Finland

HQ region

Europe

Offices3 records

Markets served

GTM type

B2B

Offering type

Hardware or Manufacturing

Cost components

Personnel, Technology or R&D, Operations, Infrastructure, Marketing or Sales, Supply Chain

Revenue model

1. Fibre Production Technology Licensing: Spinnova licenses its patented fibre production technology to customers. Following the 2024 strategy update, the company focuses on technology sales and delivery. Licensing model allows global expansion of the technology without Spinnova needing to build all production capacity itself.
2. Fibre Sales (through Woodspin JV): Spinnova's joint venture Woodspin (with Suzano) produces and sells SPINNOVA fibre commercially. The 2023 commercial-scale facility has 1,000 tonnes/year capacity. Products are sold to brand partners for use in garments.
3. Joint Venture Revenue (Respin with ECCO): Respin joint venture with ECCO produces fibre from leather by-products. First commercial product ECCO BIOM 720 shoe launched April 2026.
4. R&D Services / Project Funding: Spinnova receives R&D funding (e.g., Business Finland R&D loan of up to EUR 12.7 million) for developing fibre production technology. This supports process efficiency, recipe development, and automation.

Go-to-market motion3 records

Distribution channels5 records

Marketing channels5 records

Core offering

Spinnova develops and licenses a patented mechanical process that converts cellulose from wood pulp or waste streams (leather, textile, agricultural, food industry) into textile fibre without harmful chemicals or dissolving. Its core commercial output is SPINNOVA® fibre, a biodegradable and recyclable textile material, sold to global apparel brands through direct enterprise sales, joint ventures (Woodspin with Suzano, Respin with ECCO), and technology licensing to fibre producers.

Product overview

Spinnova is a Finnish technology company that has developed a breakthrough patented mechanical process for producing textile fiber from wood pulp or various waste streams without harmful chemicals. The core offering consists of SPINNOVA® fibre, their novel textile material, supported by a technology licensing model that enables customers to deploy their production process globally. Production is facilitated through the Woodspin joint venture demo factory in Jyväskylä. Their ecosystem approach brings together partners across the textile value chain, including yarn spinning, fabric manufacturing, and brand collaborations for end products. The company operates from research and development through to technology scale-up, targeting industrial adoption of their sustainable fiber alternative.

Differentiator

Problem solved

Functional benefit

Brands

• SPINNOVA® fibre: The company's novel textile fibre product made from wood pulp or waste without harmful chemicals, can be blended with other fibres for yarn and fabrics

Products and services

• SPINNOVA® fibre
• Spinnova Technology Licensing Licensing of Spinnova's patented mechanical fibre production process and know-how (including recipe development and process guidance) to customers such as fibre producers, pulp and paper companies, and equipment operators. Includes bundled process equipment delivery through Valmet and the co-developed yarn spinning guideline with Rieter. Customers build or retrofit their own production lines using Spinnova technology, with Spinnova earning licensing and royalty revenue.
• Respin Protein-Based Fibre Protein-based textile fibre produced from leather by-products (wet blue shavings) through Spinnova's mechanical refining process, jointly developed via the Respin joint venture with ECCO. The resulting material has tensile strength comparable to wool and roughly twice the elongation at break of cotton. First commercial application was the ECCO BIOM 720 shoe (April 2026).

Quantifiable outcome

• 74% fewer CO2 emissions compared to conventional cotton (cradle-to-gate)
• +5 more outcomes

Named customers15 records

Segments4 records

Ideal customer profiles3 records

Technology focussed Yes

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature5 records

Partnerships

24 partnerships are on record, tiered supporting, key and core.

• SulzersupportingTechnology or Integration · 1 April 2026Swiss industrial engineering and manufacturing company Sulzer joined Spinnova's ecosystem to support technology scale-up. Sulzer's expertise in industrial process engineering complements Spinnova's fibre production technology.
• CirculosekeyStrategic or Co-development Partner · 3 March 2026Textile-to-textile recycling leader Circulose joined Spinnova's ecosystem to integrate CIRCULOSE pulp (produced from pre- and post-consumer textile waste) as feedstock for SPINNOVA fibre production. Spinnova successfully trialled spinning CIRCULOSE pulp into textile fibre in 2023. Unlike chemical regeneration processes, Spinnova's mechanical technology turns CIRCULOSE pulp into cotton-like fibres without harmful chemicals, enabling 100% recycled content.
• INSIDERkeyStrategic or Co-development Partner · 20 January 2026Brazilian techwear brand INSIDER signed LOI to secure future access to SPINNOVA fibre volumes for functional apparel combining high performance with lower environmental impact. INSIDER is the first brand in Latin America to partner with Spinnova, reinforcing its regional leadership in sustainability.
• TearfilkeyChannel Partner/ Reseller/ Distributor · 14 January 2026Portuguese yarn spinning company Tearfil signed LOI to secure access to SPINNOVA fibre volumes. Tearfil shares R&D yarn spinning line capacity with Spinnova at its mill in Guimarães, Portugal (equipped by Rieter). Tearfil is a key partner for increasing industrial adoption of SPINNOVA fibre in the global textile value chain and will introduce yarn blends to European market.
• NZ TEX GROUPkeyChannel Partner/ Reseller/ Distributor · 1 January 2026NZ TEX GROUP, Spinnova's long-term woven fabric manufacturing partner based in Bangladesh (established 1982), joined the Spinnova ecosystem to support scaling of SPINNOVA fibre. Companies jointly developed fabrics including denim over several years. NZ TEX GROUP is vertically integrated and works with established international fashion brands. Fabrics showcased at Kingpins New York in July 2026.
• Tommy Hilfiger (PVH Corp.)keyStrategic or Co-development Partner · 18 December 2025TOMMY HILFIGER joined Spinnova's ecosystem endorsed by Fashion for Good to secure access to SPINNOVA fibre and develop a dedicated fabric library. This expands the application range of SPINNOVA fibre across different product categories, marking a major step in Spinnova's ecosystem ambitions.
• Fashion for GoodsupportingGTM or Marketing Partner · 16 December 2025Fashion for Good endorses and supports Spinnova's ecosystem-building efforts. They connect disruptive innovative solutions with brands and serve as a hub for latest insights. Their global network helps shape and manage Spinnova's multi-stakeholder consortium to scale next-generation sustainable materials.
• ARMEDANGELSkeyStrategic or Co-development Partner · 11 December 2025German sustainable fashion brand ARMEDANGELS signed non-binding LOI to secure access to SPINNOVA fibre volumes for future collections. Brand places strong emphasis on sustainable and ethical production with transparent supply chain. ARMEDANGELS evaluates materials against strict criteria: origin, processing, durability, and impact on people and environment.
• PUMAkeyStrategic or Co-development Partner · 10 December 2024Woodspin and PUMA signed multi-year non-binding LOI to secure access to wood-based SPINNOVA fibre volumes. Collaboration focuses on developing products for PUMA's Sportstyle category. Represents important step in building market and industrial adoption of SPINNOVA fibre.
• ValmetsupportingTechnology or Integration · 12 August 2024Spinnova and Valmet signed a partnership agreement regarding the delivery of process equipment for Spinnova's technology customers. Valmet is a leading process equipment supplier that will provide equipment as part of Spinnova's technology sales and delivery model.
• PENGUIN Project (EU Horizon Europe)supportingStrategic or Co-development Partner · 1 January 2024Multi-disciplinary R&D project funded by EU's Horizon Europe programme. Spinnova participates alongside 9 partners including VTT, OrganoClick, and Molina. Project aims to create safe, high-performance cellulose-based insulation for outdoor textiles inspired by penguins. Spinnova produces fibre batches with enhanced properties for insulation trials.
• Natural Indigo FinlandsupportingChannel Partner/ Reseller/ Distributor · 1 January 2024Partner in ASK Scandinavia collaboration. Natural Indigo Finland creates natural dye colours from Paulig's coffee waste (yellow, orange, blue shades). Used to dye SPINNOVA fibre fabrics naturally. More sustainable alternative to synthetic dyes — natural tannins used as excipients, shorter dyeing time, reusable dye batches.
• Woodspin Oy (Joint Venture with Suzano)coreStrategic or Co-development Partner · 1 January 2023Woodspin is a joint venture between Spinnova and Suzano (world's largest pulp producer). It operates the first commercial-scale facility producing SPINNOVA fibre from wood (1,000 tonnes/year capacity). In October 2025, Spinnova acquired full ownership of Woodspin demo factories and Suzano Finland (renamed Spinnova Refining Oy), securing exclusivity rights on wood-based fibre technology.
• RieterkeyTechnology or Integration · 1 January 2023World's leading yarn production systems supplier. Equipped Spinnova's R&D spinning line with ring spinning machine G 38 (with COMPACTdrum compacting device) and rotor spinning machine R 70. Rieter and Spinnova co-published a comprehensive yarn spinning guideline for industrial partners detailing how to produce compact yarn from SPINNOVA fibre using Rieter's machinery.
• RenewcellsupportingStrategic or Co-development Partner · 1 January 2023Spinnova and Renewcell announced cooperation in September 2023 to scale circular fashion. Renewcell recycles cellulosic-rich textile waste into dissolving pulp (similar to Circulose). Partnership explored integrating textile waste-based pulp as feedstock for SPINNOVA fibre.
• H&M Group (Arket)keyStrategic or Co-development Partner · 1 January 2022Arket became the first H&M Group brand to release a SPINNOVA product commercially — signature men's overshirt in a blend of 18% SPINNOVA fibre and 82% more sustainably sourced cotton. H&M Group's ambition is to become fully circular and views Spinnova as having great potential to address sustainability challenges.
• PUSUsupportingStrategic or Co-development Partner · 1 January 2022Finnish ski manufacturer PUSU collaborated with Spinnova to create PUSU x SPINNOVA Alpine Skis where SPINNOVA fibre replaces carbon and glass fibres in the ski construction. SPINNOVA reinforced skis showed improved skiing experience, long-lasting performance, and durability. Composites represent a new application area for Spinnova beyond apparel.
• Adidas (TERREX)keyStrategic or Co-development Partner · 1 January 2021Adidas became Spinnova's cornerstone investor through Spinnova's IPO in 2021, securing access to significant SPINNOVA fibre volumes. First commercial product — adidas TERREX HS1 hoodie — launched publicly. Adidas plans to make 9 out of 10 products sustainable by 2025, with Spinnova playing a significant role.
• ECCO / Respin (Joint Venture)coreStrategic or Co-development Partner · 1 January 2020ECCO and Spinnova began collaboration in 2020 through joint venture Respin, exploring how leather by-product raw materials could be utilised as textile fibres. First commercial product — ECCO BIOM 720 shoe — launched April 2026. The technology transforms wet blue shavings (leather production by-product) into protein-based textile fibre through mechanical refining.
• Bestseller (JACK & JONES, VERO MODA)keyStrategic or Co-development Partner · 1 January 2020Bestseller and Spinnova began joint development partnership in 2020. JACK & JONES became the first Bestseller brand to use SPINNOVA in consumer products (trousers in 2022, t-shirts in 2024). Vero Moda launched its first SPINNOVA product (t-shirt) in 2024 for Danish Olympic and Paralympic athletes. Bestseller is the first major global fashion group to launch multiple consumer products with significant volumes of SPINNOVA fibre under different brands.
• VTT (Technical Research Centre of Finland)supportingStrategic or Co-development Partner · 1 January 2020Spinnova originated from VTT research. Co-founder Juha Salmela was a VTT cellulose expert who first conceived the spinning technology. VTT remains a research partner in projects including the EU-funded PENGUIN project. VTT's Interim Coordinator Jenni Rahikainen leads the PENGUIN project.
• BerganskeyStrategic or Co-development Partner · 1 January 2019Bergans and Spinnova launched Collection of Tomorrow in 2019 — a disruptive, fully circular and subscription-based takeback and reuse concept. First product was a recyclable backpack, followed by shirt and anorak. Bergans takes items back, Spinnova turns fabric into new fibre, and Bergans makes new products. No coating chemicals or plastic/metal accessories in products.
• BerggrensupportingTechnology or Integration · 1 January 2015Spinnova collaborates with Berggren, an internationally recognised IP expert organisation, for comprehensive protection of both technology (patents) and brand (trademarks). Berggren actively participates in Spinnova's innovation process, working closely with product development teams to identify and protect inventions.
• SuzanocoreStrategic or Co-development Partner · 1 January 2015World's largest pulp producer Suzano is Spinnova's joint venture partner in Woodspin. Suzano signed LOI for planning a 20kt Spinnova fibre factory owned and operated by Suzano. Spinnova acquired full ownership of Woodspin and Suzano Finland in October 2025, securing exclusivity rights on wood-based fibre technology.

Scale indicators6 records

Recent moves7 records

Expansion highlights9 records

Emerging players

• Carbios: French biotech company using enzymatic depolymerisation to recycle PET into fibres. Competes for textile-industry sustainability budgets and circular-fibre partnerships alongside Spinnova.
• Worn Again Technologies: UK-based textile-to-textile recycling company producing regenerated cellulose and polyester feedstocks. Competes with Spinnova's waste-to-fibre pathway (CIRCULOSE, leather, agricultural waste).
• TreeToTextile: Joint venture between H&M, IKEA, Stora Enso and others developing a lower-impact cellulose textile fibre. Closely comparable to Spinnova in mission (sustainable alternative cellulose fibre) and target customer base (H&M Group).

Direct peers

• Renewcell (Circulose): Produces dissolving pulp from recycled textiles (Circulose) used as feedstock for regenerated cellulose fibre. Spinnova successfully trialled Circulose pulp in its mechanical process in 2023 and joined Circulose as an ecosystem partner in 2026.
• Infinited Fiber Company: Finnish company producing regenerated cellulose fibre (Infinna) from textile waste via a chemical process. Direct next-gen cellulose fibre competitor to Spinnova with overlapping apparel customer base and similar sustainability positioning.
• Lenzing AG: Global leader in wood-based cellulose fibres (lyocell/TENCEL, viscose, modal). Most direct competitor to SPINNOVA in man-made cellulose fibres serving apparel brands; Spinnova's Director of Technology Sales came from Lenzing.

Broad incumbents

• Aditya Birla Group (Birla Cellulose / Liva Reviva): Major global viscose/lyocell producer and largest integrated cellulose fibre manufacturer. Competes head-on with SPINNOVA in sustainable man-made fibres for apparel brands; pivoting into recycled-content variants.
• Eastman (Naia): Chemical company producing Naia cellulosic fibre from wood pulp as a sustainable apparel alternative. Overlapping sustainability story with SPINNOVA fibre for global fashion brands.
• Sateri (RGE): World's largest viscose/rayon producer (under Royal Golden Eagle). Competes with SPINNOVA in cellulose-based textile fibres but at vastly greater scale via chemical dissolving process; sets the cost benchmark Spinnova must beat.

Others

• HeiQ (Sustainable Textile Technologies): Swiss materials science company supplying sustainable textile auxiliaries and bio-based fibres. Comparable in serving apparel brands' sustainability mandates, though more as an enabling/adjacent technology partner than a direct fibre producer.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat5 records

Key risks6 records

Key highlights6 records

Customer concentration

• Facebookfacebook.com/spinnova
• LinkedInlinkedin.com/company/spinnova

Revenue estimate

Valuation estimate

Number of profiles

Profiles13 records

Subsidiaries3 records

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about spinnova oy-fi