Spinnova Oy
0.45
EUR
+0.00
(-0.88%)
Spinnova Oy
HEL:SPINN
(Nasdaq Helsinki)
Recent
price
0.45
P/E
ratio
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div
yld
- -
ROIC.AI
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- Business
- Spinnova Oyj specializes in the development, manufacturing, and sale of sustainable textile fibers and materials. The company offers innovative textile solutions including wood-based textile fibers, fiber blends, and textile applications designed to reduce environmental impact in the apparel, automotive, and interior design industries. Spinnova’s core products include its proprietary textile fiber technology that uses wood pulp as a renewable raw material to produce fibers without harmful chemicals or water-intensive processes. Founded in 2014 and headquartered in Jyväskylä, Finland, Spinnova operates globally, partnering with major brands and textile manufacturers to integrate its sustainable fibers into commercial products. Recent major company developments include strategic partnerships and collaborations aimed at scaling fiber production and enhancing commercial adoption of their sustainable textile solutions. Over the past one to two years, Spinnova has focused on expanding its manufacturing capabilities, launching new fiber products, and entering collaborations within the fashion and textile sectors to drive industry-wide sustainability. The company remains at the forefront of transforming textile manufacturing with innovative, eco-friendly fiber technology while maintaining its base in Finland. Spinnova serves industries such as fashion, automotive, and home textiles, targeting environmentally conscious manufacturers and brands seeking circular economy solutions. Its technology and product offerings differentiate it in the sustainable materials marketplace, positioning Spinnova as a leader in next-generation textile innovation. The company is publicly listed on the Helsinki Stock Exchange under the ticker SPINN.HE.