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Lenzing Group invests 100 millions in its wood pulp production plants

By Angela Gonzalez-Rodriguez

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The Lenzing Group will expand and modernise its existing dissolving wood pulp production at the sites in Lenzing, Austria, and Paskov, Czech Republic.

The Austrian group’s CEO Stefan Doboczky announced Tuesday a total investment program of euro 100 million: approximately 60 million euros injected into its Lenzing centre and circa 40 millions in Paskov, Czech Republic.

Additional new capacities of around 35,000 tons will be added over the next 2.5 years following the investment, advanced the company in a corporate communication.

“With these investments, we are taking another step in the implementation of our new corporate strategy sCore TEN,” said Stefan Doboczky.

“We aim to increase our own dissolving wood pulp production from currently 56 percent to 75 percent of the group’s requirements for the production of botanic cellulose fibers by the end of the decade. The modernisation will lead to more efficiency of our plants. The upgrade and expansion of our bio-refinery setup will underline Lenzing’s leadership as the most sustainable fibre producer,” further explained the CEO of the company.

In August 2016, Lenzing announced a capacity expansion for speciality fibres of 35,000 tons by mid-2018.

Roughly Euro 70 million will be invested in the site in Heiligenkreuz/Burgenland and approximately Euro 30 million in Lenzing/Upper Austria as part of this project. The new pulp investment program will be implemented in addition to these investments, noted the company.

Lenzing Group