Fashion and textile technology company Infinited Fiber Company plans to build a commercial-scale factory to produce regenerated textile fibre for the world’s leading apparel companies at the site of renewable materials company Stora Enso’s closed Veitsiluoto paper mill in Kemi, a Finnish city on the northern shore of the Baltic Sea. The size of the investment is estimated at €400 million, and it is expected to create around 270 jobs in the area.
