Lenzing

(IN BRIEF) Lenzing AG has selected ANDRITZ to supply a complete debarking and chipping line for its pulp mill in Austria. The new line is scheduled to start up in the fourth quarter of 2027 and will be capable of … Read the full press release →

(IN BRIEF) Lenzing Group has commissioned a 14 MW power-to-heat facility at its Austrian site, developed in collaboration with VERBUND, to convert surplus renewable electricity into process heat while supporting grid stability. The system can respond quickly to fluctuations in … Read the full press release →

(IN BRIEF) Lenzing Group has acquired a controlling majority stake in Swedish innovation company TreeToTextile AB through a share issuance, strengthening its position in sustainable, wood-based specialty fibers and securing access to a highly scalable next-generation fiber technology. The move … Read the full press release →

IN BRIEF) Lenzing Group has expanded its photovoltaic capacity at its Austrian headquarters with the commissioning of a new 1.3 MWp plant in partnership with VERBUND, raising the site’s total PV output to 8.3 MWp. This move strengthens the company’s … Read the full press release →

(IN BRIEF) Covestro has appointed Monique Buch as its new Chief Commercial Officer (CCO), effective June 1, 2025. Buch, an experienced B2B executive with a strong international background, will succeed Sucheta Govil, who has served as CCO since 2019 and … Read the full press release →

(IN BRIEF) The Lenzing Group, a leading provider of regenerated cellulose fibers, has announced its acquisition of a minority stake in the Swedish company TreeToTextile AB. This collaboration, which includes existing shareholders such as H&M Group, Inter IKEA Group, Stora … Read the full press release →

(IN BRIEF) The Lenzing Group has appointed Rohit Aggarwal to the Management Board, where he will initially oversee the fiber division and later succeed Stephan Sielaff as CEO when Sielaff’s contract expires in March 2025. Aggarwal brings decades of experience … Read the full press release →

(IN BRIEF) The Lenzing Group announces a significant partnership as its main shareholder, B&C Group, and Brazilian pulp producer Suzano S/A sign a long-term agreement regarding Lenzing’s majority stake. Suzano will acquire a 15 percent stake from B&C Group, marking … Read the full press release →

(IN BRIEF) The Lenzing Group announces the Lenzing Young Scientist Award at the Dornbirn Global Fiber Congress (GFC) from September 11 to 13, 2024, aimed at bachelor and master students focusing on ecological challenges in the fiber and textile industry. … Read the full press release →

(IN BRIEF) Despite facing subdued demand and escalating raw material costs, the Lenzing Group, a global leader in regenerated cellulosic fibers, maintained stable revenue at EUR 2.52 billion in 2023. The company’s EBITDA surged by 25.4% to EUR 303.3 million, … Read the full press release →

(IN BRIEF) The Vienna Stock Exchange faced a challenging year in 2023, marked by high interest rates, persistent inflation, and geopolitical tensions that impacted European stock markets. Despite these unfavorable conditions affecting trading activity, the exchange achieved a record year … Read the full press release →

(IN BRIEF) The European Investment Bank (EIB) and Erste Bank Austria have jointly provided loans of up to €79.2 million to WLK energy for the construction of the new Engelhartstetten wind farm in Lower Austria. This wind farm will consist … Read the full press release →

(IN BRIEF) The Lenzing Group and Swedish pulp producer Södra have received the ITMF Award 2023 in the “International Cooperation” category for their collaborative efforts in textile recycling and the circular economy. This recognition was presented at the ITMF Annual … Read the full press release →

(IN BRIEF) The Lenzing Group, a global supplier of specialty fibers for textiles and nonwovens, has reported its Q3 2023 results, reflecting ongoing challenges in the market. The company’s revenue for the first three quarters of the year decreased by … Read the full press release →

(IN BRIEF) Lenzing Group, a global leader in wood-based specialty fibers, is introducing innovations in protective wear. They’ve developed the Lenzing Fiber Identification System to enhance material transparency and traceability for their LENZING™ FR (flame resistant) cellulosic fibers. This system … Read the full press release →

(IN BRIEF) Lenzing Group, a global producer of wood-based specialty fibers, and Kaihara, a Japanese denim manufacturer, have formed a groundbreaking partnership to redefine denim fashion on a global scale. Leveraging TENCEL™ branded fibers, their collaboration aims to cater to … Read the full press release →

(IN BRIEF) Lenzing Group, a global producer of wood-based specialty fibers, has partnered with Kentaur, a Danish manufacturer of innovative workwear, to create a pilot collection of chef uniforms focused on circularity, durability, and functionality. These uniforms consist of 50% … Read the full press release →

(IN BRIEF) The Lenzing Group, a leading provider of specialty cellulose fibers for textiles and nonwoven industries, has attained certification from the prestigious EU Ecolabel for its fibers produced at the Indonesian facility in Purwakarta (PT. South Pacific Viscose). This … Read the full press release →

(IN BRIEF) The Lenzing Group, a leading provider of specialty fibers for textiles and nonwovens, has invested over EUR 100 million since 2021 to upgrade its Purwakarta site in Indonesia. The company aims to convert existing production capacity to specialty … Read the full press release →

(IN BRIEF) The Lenzing Group, a leading provider of specialty fibers for the textile and nonwoven industries, has received platinum status in the EcoVadis CSR rating for its exceptional performance in corporate social responsibility. The rating covers key areas like … Read the full press release →