Spinnova operates in the textile industry. The company has developed a production technology for textile fibers, known as SPINNOVA® fiber, which is manufactured using a mechanical production process. In addition to its main business, research and development is conducted in the area, and the company offers service and related peripheral services. The company operates on a global level with headquarters in Jyväskylä.
We have not made any material changes to our forecasts, even though Spinnova appears to have advanced its strategy both in terms of assembling a cooperation consortium around the technology and verifying the reduction in the technology's production and investment costs.
If the test runs are successful, continuous production at the demo plant will be possible from the end of 2026, although the main purpose of the test runs is to demonstrate the improved cost-efficiency of the production technology.
At first glance, the company appears to have made progress in reducing the production and investment costs of its technology, but the remaining time until a commercial breakthrough is very difficult to estimate, even in light of new information.
In the report, we are particularly interested in comments on the progress of strategy execution, the development of the technology's cost-competitiveness, and the role of the consortium being built around the fiber.
Spinnova and international fashion company BESTSELLER are expanding their collaboration as JACK & JONES introduces new products made from SPINNOVA® fiber to its collection.
