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Recent Articles

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Spinnova Plc's Board of Directors resolved on a new share-based incentive programme for key individuals

Spinnova announces eight job losses as part of its organizational restructure, which should put company back on track to reaching its profitability targets; Spinnova originally expected up to 16 permanent job reductions and maximum of five changed roles

Jack & Jones launches T-shirt that contains 30% wood-based Spinnova fiber, made from certified wood pulp from Scandinavia; shirt is the first commercially available product made with fiber from Spinnova and Suzano JV Woodspin's facility, opened in 2023

Spinnova widens FY2023 operating loss to €20.9M from year ago's €13.1M, revenue down to €10.6M from year ago's €24.3M; company plans cumulative sales at 30,000 tonnes by 2026, 130,000 tonnes by 2030, and 450,000 tonnes by 2036

Spinnova updates strategy to prioritize activities that deliver fastest time to positive cash flow, focusing on technology sales and fiber market development; targets set for short, medium, long term do not require additional external financing

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