Suzano and Finnish fiber textile company Spinnova have jointly announced a postponement in the pre-engineering phase for their new wood-based fiber facility. The delay pushes the timeline beyond the previously anticipated completion in late 2024, impacting the immediate progress of the project.
The decision to postpone means that the initial development stages for the facility will not proceed as originally scheduled. This adjustment in the project timeline reflects ongoing evaluations within the joint venture.
While the pre-engineering phase is delayed, the joint venture between Suzano and Spinnova is still moving forward. An updated timeline for the project's progression is expected to be announced at a later date, providing clarity on future milestones.
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