# Infinited Fiber Company picks Kemi site for €400M Infinna fiber plant

Infinited Fiber Company (IFC) will invest €400 million to build a commercial-scale factory for its Infinna fiber at a former paper mill in Kemi, Finland. The plant is expected to reach full capacity of 30,000 metric tons by 2025.

- Type: New facility
- Announced: 2022-06-20
- Where: Kemi, Finland
- Value: $420.4M (400.0M EUR)
- Jobs: 270
- Starts operating: 2025
- Status: announced
- Capacity: 30,000 metric tons per year
- Products: Infinna fiber (sustainable textile fiber)
- Sectors: [Industrial Textiles](https://endata.com/sectors/industrial-textiles.md)

## Companies

- [Infinited Fiber Company](https://endata.com/companies/41376.md)
- [Stora Enso](https://endata.com/companies/332.md) (partner)
- [Nevel](https://endata.com/companies/41810.md) (partner)

## Sources

- [scceu.org](https://scceu.org/ifc-picks-factory-site-for-infinna-fiber-set-to-supply-inditex-hm-pvh/), 2022-06-21: "IFC will invest 400 million euros ($420.4 million) to build the Infinna-producing factory at a former paper mill in the Finnish port city of Kemi."
- [chemengonline.com](https://www.chemengonline.com/stora-enso-paper-mill-to-be-repurposed-for-textile-recycling/), 2022-06-21: "Infinited Fiber picks the site of a defunct paper plant in Finnish Lapland for its planned EUR 400 million textile fiber factory investment."
- [textileworld.com](https://www.textileworld.com/textile-world/fiber-world/2022/06/infinited-fiber-company-picks-site-of-shut-paper-plant-in-finnish-lapland-for-its-planned-eur-400-million-textile-fiber-factory-investment/), 2022-06-24: "The size of the investment is estimated at EUR 400 million, and it is expected to create around 270 jobs in the area."
- [euwid-paper.com](https://www.euwid-paper.com/news/companies/infinited-fiber-plans-eur400m-investment-at-stora-enso-veitsiluoto-mill-060722/), 2022-06-30: "Infinited Fiber Company’s technology enables cotton-rich textile waste to be transformed into a versatile, high-quality regenerated textile fibre called Infinna, which looks and feels like cotton."

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Data from Endata (https://endata.com/). Announcements are summarized from public sources and may be incomplete; check the linked originals.