Lenzing news and archive

Lenzing’s Black Towel Collection is set to transform conventional consumer habits

Single-use textile daily essentials, such as makeup wipes, wet wipes, makeup pads, and removal pads, have long been a default choice of most, if not all, consumers globally. The ease and convenience of these disposable products have fostered a resource-intensive habit that has a negative impact on the environment. Although consumers believe...

People

Rohit Aggarwal named new member of board for Lenzing Group and designated CEO

Lenzing - The Supervisory Board of Lenzing Group, a leading supplier of regenerated cellulose fibers for the textile and nonwovens industries, has appointed Rohit Aggarwal as a new member of the Management Board of Lenzing Group. He will assume responsibility for the fiber division during the third quarter. After the departure of Stephan...

Fashion

Diane von Furstenberg and Lenzing join forces to bring more sustainable fashion to the fore

Austrian fibre producer Lenzing has announced a global collaboration with luxury fashion brand Diane von Furstenberg (DVF). The brand will use Lenzing fibres from sustainably managed wood sources such as Tencel and Lenzing Ecovero for its flagship collection, bringing them into mainstream fashion. “We are delighted to collaborate with DVF to...

Business

Suzano acquires 15 percent stake in Lenzing for 230 million euros

Suzano has announced that the company will acquire a 15 percent stake in Lenzing from B&C Group and the two shareholders will form a long-term syndicate which will hold the majority 52.25 percent stake in the company. After the closing of the transaction, B&C will hold a 37.25 percent stake in Lenzing and keep the role as controlling member of...

Business

Lenzing receives Vienna Stock Exchange VÖNIX Sustainability Award

The Lenzing Group received the Austrian sustainability award for top listed companies, the Vienna Stock Exchange VÖNIX Sustainability Award, taking the first place in the 'Industrials' category. The award honours those companies that stand out on the capital market with their outstanding sustainability performance. According to the VBV (Austrian...

Business

Lenzing's Q1 revenues improve by 5.7 percent

The Lenzing Group’s revenue rose by 5.7 percent to 658.4 million euros in the first quarter of 2024 driven by higher fibre sales volumes. The company said in a release that EBITDA for the quarter more than doubled to 71.4 million euros, while EBIT was slightly positive at 1.5 million euros compared with minus 41.4 million euros in the first...

People

Lenzing appoints Walter Bickel as chief transformation officer

Lenzing has appointed Dr. Walter Bickel as a member of the managing board and chief transformation officer with effect from April 15, 2024 until December 31, 2025. The company said in a statement that Bickel will be responsible for the further development and implementation of the performance program. Lenzing’s performance program initiated in...

Business

Lenzing loss widens to 20.02 euros per share

Subdued demand and the continued rise in raw material and energy costs negatively impacted Lenzing Group’s earnings in the 2023 financial year. While the company’s revenue remained comparatively stable at 2.52 billion euros, earnings after tax were negative 593 million euros and earnings per share were negative 20.02 euros. The company said in a...

Fashion Partner Content

Striding to an eco-responsible lifestyle with TENCEL™ fibers in the new year

We believe you have kick-started 2024 with a new set of year-long goals that are about to advance all aspects of your lives. While a lot of people are committed to investing in all-rounded personal growth, it is also worthwhile to think about stepping up to create a greener planet for our future selves to enjoy. One of the easiest beginnings to...

BusinessPartner Content

Fashioning a greener tomorrow: TENCEL™’s innovative partnerships in apparel

When it comes to climate action, more consumers are no longer content with a passive approach. They are asking brands to not only reduce their carbon footprint, but also adopt tangible solutions for positive planetary impact, according to Mintel’s 2024 Global Consumer Trend report. Fashion brands are rising to this goal, addressing the negative...

Business

Lenzing warns of write-downs of up to 480 million euros in financial year 2023

The Austrian fibre manufacturer Lenzing AG will have to make write-downs in the three-digit million euro range for the 2023 financial year. On Tuesday evening, the company announced that the "annual evaluation of the valuation of assets" had revealed a need for impairment, necessitating special write-downs of up to 480 million euros. The reasons...

Fashion Partner Content

Redefining premium denim fabrics with TENCEL™, Kaihara and Jeanologia

Clothing and woven textiles are a fundamental part of everyday life. As a vital segment in the global economy, the textile industry encompasses a range of stakeholders, from raw material providers to fashion retailers. Central to this is value chain collaboration, crucial for operational efficiency, reduced lead times, and optimised production...