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Woodspin Oy, a joint venture of Spinnova and Suzano, and PUMA SE signed a non-binding Letter of Intent to secure access to wood-based SPINNOVA fibre volumes for several years. The companies will collaborate to develop products for PUMA's Sportstyle category.
“This marks an important step in building the market and industrial adoption of SPINNOVA® fibre, which is needed to scale the fibre and Spinnova’s technology.”spinnovagroup.com
Summarized from public sources; check the original articles before acting on it.