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Article Date: June 2021
Word Count: 92

Adidas Invests in Wood Textile Maker


The Big A has taken a €3 million ($3.65 mm) equity stake in Finnish company Spinnova, which makes textile fiber out of wood or agricultural waste, according to Reuters. It reportedly plans to buy a “significant volume” of the patented fibers for use in sustainable sneakers ... Log in to view full article.

 

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