Woodspin partners Spinnova and Suzano have announced that they are increasing their capital investment budget for the joint-venture, which will make textile fibre from cellulose derived from wood pulp.

Construction of a first commercial-scale Woodspin factory is under way at Jyväskylä in central Finland and is on track for completion by the end of this year, but the two partners have decided to increase their investment in the project to €31 million, about €9 million more than the original budget.

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