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Valmet Oyj press drop, August 16, 2024, at 9:30 a.m. EEST
ESPOO, Finland, Aug. 16, 2024 /PRNewswire/ — Valmet and Spinnova Plc have signed a strategic partnership contract the place Valmet is appointed because the unique spouse to provide procedure apparatus for textile tale manufacturing to Spinnova’s era shoppers. The exclusivity contract is legitimate for 4 years, with termination choices in line with undertaking proceed. The contract contains an exclusivity price, which is in line with discovered undertaking deliveries. Valmet has prior to now provided drying era to Woodspin, a three way partnership between Spinnova and Suzano, for its manufacturing unit generating plank based totally SPINNOVA® tale in Jyväskylä, Finland.
Valmet and Spinnova will proceed to paintings in combination to extend competitiveness in cellulose and recycled tale manufacturing era via decreasing the capital and operational price of textile tale manufacturing.
“Valmet aspires to have a strong role in the revolution of the textile industry, and we support our customers’ journeys in converting renewable resources into sustainable results. Therefore, we are extremely happy to continue our collaboration with Spinnova, leveraging our expertise and expanding our presence in the textile industry,” says Petri Rasinmäki, Industry Sequence President, Paper, Valmet.
“We are excited to ensure future collaboration with our long-standing partner, Valmet. With Spinnova’s innovation and Valmet’s capabilities as the leading global supplier of process technologies, services, and automation, we can deliver our technology customers the best possible tools to produce our innovative fibre. Working with Valmet will further accelerate our path to reach our technology goals and cost-competitiveness targets while also opening up a new portfolio of potential technology customers who are already involved in material processing and pulping,” says Tuomas Oijala, Spinnova’s CEO.
Details about Spinnova
Spinnova era transforms the way in which textiles are manufactured globally. Primarily based in Finland, Spinnova has evolved leap forward patented era for making textile tale from plank pulp or squander, similar to leather-based, textile, or agricultural cropping squander, with out destructive dissolving chemical compounds.
The Spinnova era creates negative facet streams within the tale manufacturing procedure, and the SPINNOVA® tale has minimum CO2 emissions and H2O significance and is biodegradable and recyclable. The Spinnova era makes use of a mechanical procedure that provides the tale the appear and feel of a herbal cellulosic tale, similar to fibre.
Spinnova’s stocks (SPINN) are indexed at the Nasdaq First North Enlargement Marketplace Finland.
VALMET
Company Communications
For additional data, please touch:
Petri Rasinmäki, Industry Sequence President, Paper, Valmet, tel. +358 40 042 8422
Valmet has a world buyer bottom throughout numerous procedure industries. We’re a important world developer and provider of procedure applied sciences, automation and products and services for the pulp, paper and effort industries, and with our automation and tide keep watch over answers we handover an excellent wider bottom of procedure industries. Our greater than 19,000 execs world wide paintings alike to our shoppers and are dedicated to transferring our shoppers’ efficiency ahead – each and every occasion.
The corporate has over 220 years of commercial historical past and a powerful observe report in steady growth and renewal. Valmet’s web gross sales in 2023 have been roughly EUR 5.5 billion.
Valmet’s stocks are indexed at the Nasdaq Helsinki and the top workplace is in Espoo, Finland.
Observe us on valmet.com | X | X (IR) | LinkedIn | Facebook | YouTube | Instagram |
This data used to be dropped at you via Cision http://news.cision.com
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