×
112
Fashion Jobs
H&M
Senior Business Analyst - Partner Connectivity (Mte) - Stockholm
Permanent · Stockholm
H&M
Label Compliance Specialist - Global Label & Packaging Content Solutions Team
Permanent · Stockholm
H&M
CRM Data Analyst With Passion For Customer Attraction - h&m Business Tech
Permanent · Stockholm
H&M
Product Quality Manager at Beauty Production, h&m Group
Permanent · Stockholm
H&M
Print Operations Manager
Permanent · Stockholm
H&M
Product Owner - Availability (Customer Domain)
Permanent · Stockholm
H&M
Product Owner – Store Digital Layer (Customer Domain)
Permanent · Stockholm
H&M
Business Analyst to h&m Global Logistics
Permanent · Stockholm
H&M
Sql Developer to Workforce Planning & Scheduling – Business Tech h&m Group
Permanent · Stockholm
H&M
Product Owner – Product Visualization
Permanent · Stockholm
H&M
Power bi Specialist to h&m Group Business Tech
Permanent · Stockholm
H&M
Product Owner – Sap Data Volume Management
Permanent · Stockholm
H&M
Product Area Manager – Ecosystem Platform, Customer Domain
Permanent · Stockholm
H&M
Senior Communications And PR Manager to h&m Group Business Tech
Permanent · Stockholm
H&M
Accounting Business Expert With Sap Experience
Permanent · Stockholm
H&M
Product Area Lead Engineer Within Circular Business Models - h&m Group
Permanent · Stockholm
H&M
Learning And Development Specialist to Business Tech HR
Permanent · Stockholm
H&M
Product Area Manager - Business Tech Checkout
Permanent · Stockholm
H&M
Business Expert With Passion For Product Information to h&m Group Business Tech - Customer Domain
Permanent · Stockholm
H&M
Software Engineer to The Network Management & Security Team Within Business Tech
Permanent · Stockholm
H&M
Analytical Engineer to Business Tech, h&m Group
Permanent · Stockholm
H&M
Technical Engineer to Monitoring & Insights Team, Business Tech h&m Group
Permanent · Stockholm
By
Reuters API
Published
Jun 10, 2021
Share
Download
Download the article
Print
Click here to print
Text size
aA+ aA-

Adidas invests in Finnish textile recycling firm Spinnova

By
Reuters API
Published
Jun 10, 2021

German sportswear firm Adidas, which is seeking to increase the proportion of sustainable materials it uses in its products, is investing in Finland's Spinnova, a company that makes textile fibre out of wood or agricultural waste.




Adidas has agreed to subscribe for 3 million euros ($3.65 million) worth of shares in the company's planned initial public offering, bringing the total investment it has secured to 58 million euros, Spinnova said in a statement.

"We are an ideal match with the ambitious and pioneering Adidas sustainability strategy," Spinnova CEO and co-founder Janne Poranen said.

Spinnova is building its first commercial factory in Finland with strategic partner and wood raw material supplier Suzano, and is also building a pilot facility for fibre production out of leather waste.

It said Adidas wanted to secure access to "significant volumes" of its patented fibre in future.
A 500 million euro sustainability bond Adidas issued last September was five times oversubscribed, with proceeds earmarked for investing in renewable energy production and projects to promote recycled materials.

Adidas has pledged to shift to using only recycled polyester from 2024 and is also involved in research cooperation with another Finnish start-up, Infinite Fiber, to develop a process that can transform used clothes into a cotton-like material.
 

© Thomson Reuters 2021 All rights reserved.