In July 2017, we entered a long-term partnership with Fibria, a Brazilian forestry company and the world’s leading producer of eucalyptus pulp from planted forests. With their 5 M€ investment, Fibria is our shareholder and has a representative in our Board of Directors.
To verify our technologies on a pre-commercial scale, we have agreed to start a joint development project targeting to pilot scale production.
Our objective is also to establish a joint venture for the production and trading of Spinnova products when reaching a commercial stage.
Austrian cellulose fiber expert and textile company Lenzing wanted to be part of our story from the beginning and became a strategic, active owner and partner. Being innovative themselves, Lenzing sees Spinnova as a breakthrough innovation. Lenzing is a shareholder and has a representative on our Board of Directors.
The Technical Research Centre of Finland, VTT, was where Spinnova’s innovation was created and fostered for the first two years before spinning off. VTT’s research and innovation strategy focuses on a clean world, good life and sustainable economy. VTT is a Spinnova shareholder and has a representative in our Board of Directors.
In November 2017, we began an R&D cooperation with Finland’s leading design house Marimekko, to collaborate in commercializing our fibre. This also supports Marimekko’s pursuit of more and more ecological materials for their clothing and home interior collections, according to their sustainability strategy. Marimekko has no financial stake or Board membership in Spinnova.