Brief: Spinnova Invests In In-House R&D Yarn Spinning Line

Spinnova Oyj

05/11/2021 11:27

Nov 5 (Reuters) - Spinnova Oyj  SPINN.HE :
    * INVESTS IN AN IN-HOUSE RESEARCH AND DEVELOPMENT YARN SPINNING LINE
    * HAS DECIDED TO MAKE AN ESTIMATED 2.2-MILLION-EURO INVESTMENT
    * RATIONALE BEHIND INVESTMENT IS THAT IN COMMERCIAL STAGE,  LOCAL IN-HOUSE SPINNING LINE
WILL
SIMPLIFY BIGGER SCALE RESEARCH AND DEVELOPMENT PROCESS
    * TECHNOLOGY IS ESTIMATED TO BE DELIVERED BY YEAR-END 2022
    * INVESTMENT HAS MINIMAL EFFECT ON SPINNOVA'S FINANCIAL PERFORMANCE IN 2021-2022

Source text for Eikon:  ID:nWkrbq94PW 
Further company coverage:  SPINN.HE 

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