Roschier advises Infinited Fiber Company in their EUR 400 million fiber factory investment
Finnish fashion and textile technology company Infinited Fiber Company plans to build its first commercial-scale fiber factory at Stora Enso’s Veitsiluoto industrial site in the city of Kemi in Finland’s northernmost region of Lapland. Roschier acts as advisor to Infinited Fiber Company.
Infinited Fiber Company (IFC) plans to convert a building currently housing a discontinued paper production line. The planned factory is expected to create around 270 jobs at the Veitsiluoto industrial site, and is expected to operate at full capacity in 2025.
IFC’s technology enables cotton-rich textile waste to be transformed into a versatile, high-quality regenerated textile fiber called Infinna™, which looks and feels like cotton. Major international fashion and apparel companies have already committed to Infinna™ purchases through multi-year agreements as they look for materials that enable the industry to shift towards circularity.