Suzano news and archive

Spinnova buys out Suzano, takes ownership of Woodspin

Finnish material innovation firm Spinnova has entered an agreement to buy all the shares of distributor Woodspin Oy and raw materials provider Suzano Finland Oy for a total of two euros per share. The agreement will transfer ownership of the two companies from Brazilian company Suzano S.A. to Spinnova, which will also make a capital contribution...

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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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Suzano stops financing Woodspin, remains shareholder of Spinnova

Suzano, the Brazilian cellulose producer and investor of Spinnova's Woodspin plant that produces wood-based fibres, will not invest further in the next phase of its cooperation with the Finnish textile innovator and will temporarily stop financing the plant. Both companies are starting a strategic review of Woodspin and will renegotiate the...

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Suzano acquires 15 percent stake in Lenzing for 230 million euros

Suzano has announced that the company will acquire a 15 percent stake in Lenzing from B&C Group and the two shareholders will form a long-term syndicate which will hold the majority 52.25 percent stake in the company. After the closing of the transaction, B&C will hold a 37.25 percent stake in Lenzing and keep the role as controlling member of...

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Spinnova producer awarded FSC certification

Woodspin, the exclusive producer and distributor of wood-based Spinnova biodegradable fibre, has been awarded the Forest Stewardship Council (FSC) Chain of Custody certification, offering full supply chain transparency. The FSC certification means the wood used in Woodspin’s manufacturing can be fully traced back from its origin to the final...