Finland-headed forest industry and energy technology providers Valmet Oyj and compatriot Spinnova Plc have signed a strategic partnership agreement where Valmet is appointed as the exclusive partner to supply process equipment for textile fibre production to Spinnova’s technology customers.
According to a statement, the exclusivity agreement is valid for four years, with termination options based on project progress. The agreement includes an exclusivity fee, based on realized project deliveries.
Valmet has previously supplied drying technology to Woodspin, a joint venture between Spinnova and Suzano, for its facility that produces wood-based SPINNOVA fibre in Jyväskylä, Finland.
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, said Petri Rasinmäki, Business Line President, Paper, Valmet.
Valmet and Spinnova will continue to work together to increase competitiveness in cellulose and recycled fibre production technology by lowering the capital and operational cost of textile fibre production.
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 already involved in material processing and pulping, said Tuomas Oijala, CEO of Spinnova.
