A building housing a discontinued paper production line will be converted into Infinited Fiber Company's new commercial-scale factory to produce its regenerated textile fibre Infinna.
The factory: The factory will come up 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.
- Both the factory engineering and project implementation as well as the related financing negotiations were commenced at the beginning of the year and are progressing well. Infinited Fiber Company has also agreed on the provision of energy and water related services with utility infrastructure company Nevel.
- Infinited selected the Veitsiluoto industrial site after reviewing dozens of potential premises across Finland.
- Decisive factors supporting the decision included the site’s excellent existing infrastructure, the availability of fresh water, renewable electricity and energy, efficient port services, and local skilled labour.
The numbers:
- The size of the investment is estimated at €400 million, and it is expected to create around 270 jobs in the area.
- The annual fibre production capacity of the planned factory is expected to be 30,000 metric tonnes, which is equivalent to the fibre needed for about 100 million T-shirts.
- The factory is expected to provide direct employment for around 220 people, and for a further 50 through on-site support functions such as services, maintenance, and logistics. The additional indirect employment impact is estimated to be around 800 jobs.
- The construction and installation phase is expected to create jobs equaling around 120 person-years. The factory is anticipated to operate at full capacity in 2025.
What the company does: Infinited Fiber Company’s technology enables cotton-rich textile waste to be transformed into a versatile, high-quality regenerated textile fibre called Infinna, which looks and feels like cotton.
- Major international fashion and apparel companies — including Zara’s parent company Inditex, PVH Europe, which is known for the Tommy Hilfiger brand, Patagonia, Pangaia, H&M Group and Bestseller—have already committed to Infinna purchases through multi-year agreements as they look for materials that enable the industry to shift towards circularity.
- Infinited expects to export most of the output of its planned factory. This makes Kemi an ideal location as the city’s port serves as an efficient link to the rest of the world.
What they said:
Circularity is at the heart of our business. We aim to make use of existing resources in all that we do, which makes the historic Veitsiluoto industrial site a great fit for us. At the same time, we will be creating new export products and jobs. Finland has solid bioeconomy know-how and is very supportive of circular economy innovations. We see these as major strengths that enable Finland to become a leader in the creation of the new, circular economy-based textile industry value chain.
— Petri Alava
CEO and Co-Founder
Infinited Fiber Company
We are pleased to get part of the Veitsiluoto site utilized and happy about the investments and jobs that Infinited Fiber Company is set to bring there.
— Seppo Parvi
Chief Financial Officer and Finland Country Manager
Stora Enso
Supporting the transition to a climate-positive future through long-term cooperation is extremely important for us. We are delighted to be a utility infrastructure partner for Infinited Fiber Company as it prepares to build its factory in Veitsiluoto, and we believe that this collaboration will also create new opportunities in the area.
— Thomas Luther
CEO
Nevel
