Over the last few years, the main buzzword within the fashion industry has been sustainability. As the need to address climate change continues to become more urgent, fashion companies around the globe must seek new ways to reduce their greenhouse-gas emissions to meet the 1.5 degrees emissions pathway. During COP26, the leading UN Climate...
26 Nov 2021
The Lenzing Group’s revenue rose by 32.9 percent to 1.59 billion euros in the first nine months of 2021. This increase, the company said, is attributable to a higher sales volume as well as higher viscose prices, which stood at more than RMB 15,000 in May due to higher demand for fibers, especially in Asia. The company added that the focus on...
3 Nov 2021
As fashion brands and companies around the globe begin to develop their sustainability strategies to tackle increasing climate challenges, how can they inspire and motivate long-lasting consumer support? Sustainability is no longer a buzzword or a trend within the fashion industry - it is a must. With increasing issues on the horizon, ranging...
11 Oct 2021
With sustainability becoming a more important factor in purchasing decisions, many consumers are beginning to check their clothing labels to see whether they carry more information than just the fabric composition and care directions. Growing interest surrounding the environmental and social impact of clothing is causing more consumers, brands...
21 Sep 2021
Lenzing has announced that the company’s supervisory board has reached a mutual agreement with its longstanding chief executive officer Stefan Doboczky to end his contract. The company said that Doboczky has informed the board that he will not be available for another extension of his contract and the parties mutually agreed to end the contract...
8 Sep 2021
The need to implement sustainable processes within the fashion supply chain has never been greater. With growing awareness from the fashion industry about the environmental and social impact of the textile sector, the focus on adopting innovative solutions continues to gain momentum. Sustainability is now a key business imperative in supply...
23 Aug 2021
The Lenzing Group reported a significant improvement in revenue and earnings in the first half of the year. The company’s revenue rose by 27.5 percent to 1.03 billion euros in the first half of 2021 driven by higher viscose prices, which stood at more than 15,000 Chinese yuan in May thanks to significantly higher demand for fibers, especially in...
4 Aug 2021
In recent years sustainability has become more than just a catchphrase within the apparel industry. Today, the fashion and apparel industry remains a leading contributor to climate change and biodiversity loss, accounting for over 8% of the world's greenhouse gas emissions and contributing to approximately 30% of the microplastics leaking out...
29 Jul 2021
The Lenzing Group has announced that the company recorded a significantly improved development of its operating result in the first half of 2021. The preliminary EBITDA more than doubled year-on-year to 217.8 million euros compared to 95.6 million euros in the first half of 2020. The company said in a statement that the currently positive...
28 Jul 2021
Industries from food to packaging worldwide have been tackling the problems linked to single-use plastic for the past few years. Following the impending launch of the European Commission’s Single-Use Plastics Directive (SUPD), which includes EU-wide regulations targeting the top ten single-use products, awareness for sustainable alternatives is...
19 Jul 2021
Consumer shopping behaviours have fundamentally shifted over the last year. Now more than ever before, consumers around the globe increasingly view social and sustainable causes as key selling points, seeking out brands and products that correspond to their values. Nearly six in ten consumers surveyed in a 2020 IBM global survey stated they were...
17 May 2021
Lenzing has announced that Dominic Köfner has taken over as head of corporate communications & public affairs at the beginning of May. As vice president, the company said, he will report directly to the chief executive officer, Dr. Stefan Doboczky. “We are delighted to welcome Köfner to Lenzing. He brings exactly the international experience we...
10 May 2021
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