# Woodspin and PUMA sign multi-year Letter of Intent for SPINNOVA fibre

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.

- Type: Contract
- Announced: 2024-12-10
- Status: announced
- Products: SPINNOVA fibre, sustainable wood-based fibre
- Sectors: [Industrial Textiles](https://endata.com/sectors/industrial-textiles.md)

## Companies

- [Woodspin Oy](https://endata.com/companies/81655.md)
- [Suzano](https://endata.com/companies/4145.md) (partner)
- [Spinnova](https://endata.com/companies/16125.md) (partner)
- [PUMA](https://endata.com/companies/52804.md) (customer)

## Sources

- [spinnovagroup.com](https://spinnovagroup.com/releases/spinnova-fibre-producer-woodspin-and-puma-sign-multi-year-letter-of-intent/), 2024-12-10: "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."

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