EQS-News: Lenzing AG: Lenzing also offers locally produced TENCEL™ fibers to Chinese customers for the first time
EQS-News: Lenzing AG / Key word(s): Sustainability
Lenzing AG: Lenzing also offers locally produced TENCEL™ fibers to Chinese
customers for the first time
18.04.2023 / 09:00 CET/CEST
The issuer is solely responsible for the content of this announcement.
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Lenzing also offers locally produced TENCEL™ fibers to Chinese customers
for the first time
• Successful completion of converted production line for TENCEL™ modal
fibers with an annual capacity of up to 35,000 tonnes
• Inaugural production of TENCEL™ fibers for textiles and clothing in
China
• Demand for eco-friendly specialty fibers is steadily increasing,
especially from Asian customers
Nanjing (China) – The Lenzing Group, a world-leading provider of specialty
fibers for the textile and nonwoven industries, has successfully completed
the conversion of a production line from generic viscose to TENCEL™
branded modal fibers for textiles and clothing. Lenzing is therefore in a
position to offer its Chinese customers locally produced TENCEL™ fibers
for the first time and meet the structural growth in demand more quickly.
Thanks to the conversion of the production line with a nameplate capacity
of 35,000 tonnes per year, the fiber portfolio of the Chinese production
site now solely consists of eco-friendly specialty fibers. In addition,
Lenzing also offers LENZING™ ECOVERO™ branded fibers for textile
applications and viscose eco fibers for nonwoven applications in China.
Celebrations for the launch of the new production line took place on
Tuesday, April 18, 2023 as part of a customer event. Lenzing is investing
EUR 100 million in its Chinese site to further reduce carbon emissions and
upgrade the product portfolio. The company is currently implementing a
gradual shift to green energy at its Chinese production site, where
electricity will be solely derived from renewable sources from 2023
onwards. In 2019, Lenzing set itself the target of halving its specific
carbon emissions by 2030 and becoming carbon-neutral by 2050. Its carbon
reduction target has been confirmed by the Science Based Targets
Initiative. This makes Lenzing the world’s first producer of cellulosic
fibers to have a scientifically recognized climate target.
“Demand for our eco-friendly specialty fibers is constantly rising. We see
enormous growth potential, especially in Asia. Thanks to our investments
in China and other Asian locations, we are even better positioned to meet
this growing demand. At the same time, we are continuing to make
considerable progress towards achieving a carbon-neutral future and
becoming a champion of circularity”, comments Stephan Sielaff, Chief
Executive Officer at Lenzing.
Boosting growth in specialty fibers
Man-made climate change is one of the most pressing problems of our time.
The fashion industry continues to have an extremely negative impact on the
environment due to its fast fashion business model and the growing
consumption of fossil resources in textile production. Sustainably
produced TENCEL™ specialty fibers are helping Lenzing’s customers –
especially brands and retailers – to meet their climate and sustainability
targets.
Photo download:
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Your contact for
Public Relations:
Dominic Köfner Daniel Winkelmeier
Vice President Corporate Communications & Communications Manager
Public Affairs Lenzing Aktiengesellschaft
Lenzing Aktiengesellschaft Werkstraße 2, 4860 Lenzing,
Werkstraße 2, 4860 Lenzing, Austria Austria
Phone +43 7672 701 2743 Phone +43 7672 701 2871
E-mail [2]media@lenzing.com E-mail [4]media@lenzing.com
Web [3] www.lenzing.com Web [5] www.lenzing.com
About the Lenzing Group
The Lenzing Group stands for ecologically responsible production of
specialty fibers made from the renewable raw material wood. As an
innovation leader, Lenzing is a partner of global textile and nonwoven
manufacturers and drives many new technological developments.
The Lenzing Group’s high-quality fibers form the basis for a variety of
textile applications ranging from elegant clothing to versatile denims and
high-performance sports clothing. Due to their consistent high quality,
their biodegradability and compostability Lenzing fibers are also highly
suitable for hygiene products and agricultural applications.
The business model of the Lenzing Group goes far beyond that of a
traditional fiber producer. Together with its customers and partners,
Lenzing develops innovative products along the value chain, creating added
value for consumers. The Lenzing Group strives for the efficient
utilization and processing of all raw materials and offers solutions to
help redirect the textile sector towards a closed-loop economy. In order
to reduce the speed of global warming and to accomplish the targets of the
Paris Climate Agreement and the “Green Deal” of the EU Commission, Lenzing
has a clear vision: namely to make a zero-carbon future come true.
Key Facts & Figures Lenzing Group 2022
Revenue: EUR 2.57 bn
Nominal capacity (fibers): 1,145,000 tonnes
Number of employees (headcount): 8,301
TENCEL™, VEOCEL™, LENZING™, REFIBRA™, ECOVERO™, LENZING MODAL™, LENZING
VISCOSE™, MICROMODAL™ and PROMODAL™ are trademarks of Lenzing AG.
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18.04.2023 CET/CEST This Corporate News was distributed by EQS Group AG.
www.eqs.com
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Language: English
Company: Lenzing AG
4860 Lenzing
Austria
Phone: +43 7672-701-0
Fax: +43 7672-96301
E-mail: office@lenzing.com
Internet: www.lenzing.com
ISIN: AT0000644505
Indices: ATX
Listed: Vienna Stock Exchange (Official Market)
EQS News ID: 1609629
End of News EQS News Service
1609629 18.04.2023 CET/CEST
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