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Spinnova’s new strategy: Cost savings, lower fibre price and factory acquisition

Finnish material innovation company Spinnova (Spinnova) was forced to revise its strategy earlier this year following the withdrawal of its partner, Brazilian pulp and paper producer Suzano. Spinnova has now revealed its primary focus for 2025 and 2026. Spinnova’s fibre can be used in many types of materials, but production costs remain high. By...

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Business

Ecco FY16 pre-tax profit reduces to 170 million euros

Ecco turnover reached 1,251million euros (1,343 million dollars), on par with the company’s turnover in 2015. The profit before tax was reduced from 183 million euros (196 million dollars) to 170 million euros (182 million dollars), which the company said was primarily because of currency fluctuations. “Despite generally slow growth in the...

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