Home / Knowledge / News / Textiles / Metsä Group starts new innovation company
Metsä Group starts new innovation company
28
May '18
Courtesy: Metsa Group
Courtesy: Metsa Group
Metsä Group has established a new innovation company, Metsä Spring which will work with partner organisations to identify and develop business opportunities in sustainable forest-based bioeconomy and circular economy. The first concept to be included into Metsä Spring’s portfolio is the new textile fibre production method developed by Metsä Fibre.

Niklas von Weymarn has been appointed CEO of the company. He transfers to Metsä Spring from the position of VP, Research in Metsä Fibre, also part of Metsä Group. The office of Metsä Spring is in the heart of the internationally-acknowledged Otaniemi innovation campus in Espoo, Finland. The establishment of the new innovation company does not affect the current research and development activities of Metsä Group’s current business areas.

“With the establishment of Metsä Spring, we want to create a new dimension to Metsä Group’s innovation activities and thereby participate more actively in the development of new business concepts in forest-based bioeconomy and circular economy. A large share of new ideas are generated outside our company and the new business concepts are increasingly developed in novel partnerships. The new innovation company enables Metsä Group to better take part in this activity,” says Metsä Group’s president and CEO and Metsä Spring’s chairman of the Board Ilkka Hämälä.

Metsä Spring is planning a greenfield demo plant with the capacity of about 500 tonnes of staple fibre per year. The planning is based on the idea that the demo plant will be integrated to Metsä Group’s bioproduct mill in Äänekoski. The planning work is done by an international team and the investment decision is expected by the end of this year.

The current methods to produce textile fibres are associated with notable environmental footprint and the textile market is thus seeking new, more sustainable alternatives. The environmentally-friendly production method developed by Metsä Group is based on direct dissolution using novel compounds for the pulp dissolution stage. Contrary to the current methods used commercially, Metsä Group’s method relies on wet paper-grade pulp as the raw material.

“It is important to develop new bioproducts that expand the current product portfolio of the forest industry. Textile fibre is a very potential product and a natural first project for Metsä Spring. The company wants to be an active and respected player in developing new business concepts for various stages of the forest-based value chains,” says Weymarn. (SV)

Fibre2Fashion News Desk – India


Must ReadView All

Bangladesh apparel exports jump 20% in July–Oct 2018

Apparel/Garments | On 19th Nov 2018

Bangladesh apparel exports jump 20% in July–Oct 2018

Readymade garment exports from Bangladesh increased by 20.08 per cent ...

95% Britishers want shopping centres for all: Hammerson

Apparel/Garments | On 19th Nov 2018

95% Britishers want shopping centres for all: Hammerson

As many as 95 per cent of British people feel that shopping centres...

Courtesy: Hyosung

Textiles | On 19th Nov 2018

Hyosung leading global market with creora

Hyosung is leading the global market with ‘creora’, the brand name of ...

Interviews View All

Janak Dhamanwala & Sunil Dhamanwala, Jansun

Janak Dhamanwala & Sunil Dhamanwala
Jansun

Moving towards sustainability is also a social change

Deepak Jain, Baggout

Deepak Jain
Baggout

We are using Facebook and Instagram to promote ourselves

Abhishek Ganguly, Puma India

Abhishek Ganguly
Puma India

‘As a brand, Puma is always looking for new and innovative ways to inspire ...

Mark Tokuhara,

Mark Tokuhara

Japan-based FitJoy, a shoe brand for women, has been in the footwear...

Ravi Raj Desai,

Ravi Raj Desai

Himalaya Cotton Yarn Ltd manufactures high quality denier. The spinning...

Umang Banthia,

Umang Banthia

Established in 2005, SL Banthia Textiles manufactures coated fabrics....

Robert Erichsen, Statex Produktions & Vertriebs GmbH

Robert Erichsen
Statex Produktions & Vertriebs GmbH

Statex Produktions & Vertriebs Gmbh, founded in 1978 and headquartered ...

Ray Baughman, University of Texas -Dallas

Ray Baughman
University of Texas -Dallas

<div>A team of scientists and researchers have discovered twistrons,...

Kerem Durdag, Biovation II LLC

Kerem Durdag
Biovation II LLC

Kerem Durdag, CEO, Biovation II LLC, provides an insight into future...

Akta Adani, India Boulevard

Akta Adani
India Boulevard

India Boulevard is a San Francisco-based curated fashion marketplace that...

Hemant & Nandita, Hemant & Nandita

Hemant & Nandita
Hemant & Nandita

The designer duo of Hemant &amp; Nandita are known for being inspired by...

Judy Frater, Somaiya Kala Vidya

Judy Frater
Somaiya Kala Vidya

Among the many honours showered on Frater, including Fulbright and Ford...

Press Release

Press Release

Letter to Editor

Letter to Editor

RSS Feed

RSS Feed

Submit your press release on


editorial@fibre2fashion.com

Letter To Editor






(Max. 8000 char.)

Search Companies





SEARCH

Leave your Comments


November 2018

Subscribe today and get the latest update on Textiles, Fashion, Apparel and so on.

news category


Related Categories:

Advanced Search