Spinnova partnering with the world’s leading eucalyptus pulp producer Fibria
Spinnova Ltd has started long term partnership with Fibria, Brazilian forestry company and the world’s leading producer of eucalyptus pulp from planted forests. Through this investment Fibria is Spinnova’s new minor shareholder and board member. The partnership with Fibria will help Spinnova grow its business faster and opens up new business opportunities for both companies. VTT spin-off Spinnova Ltd signed an agreement to partner with Fibria, Brazilian forestry company. Fibria will pay 5 million euros for 18% minority interest in Spinnova. “Spinnova’s partnership with Fibria will