Spinnova Plc: Woodspin increases capital investment budget to enhance sustainability and R&D capabilities and account for cost inflation. Construction schedule on track for completion by end of 2022
SPINNOVA PLC, COMPANY RELEASE, 2 JUNE 2022 at 8:45 a.m. EESTINSIDE INFORMATION Spinnova Plc: Woodspin increases capital investment budget to enhance sustainability and R&D capabilities and account for cost inflation. Construction schedule on track for completion by end of 2022 Woodspin, the joint venture of Spinnova and its strategic partner, Suzano, has decided to increase the capital investment budget of its factory project under construction in Central Finland. The revised capital investment budget amounts to approximately EUR 31 million, which represents an EUR 9 million