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Lenzing news and archive

Business

Lenzing elects Melody Harris-Jensbach to its supervisory board

At its annual general meeting (AGM) held yesterday, Lenzing AG decided not to distribute a dividend for the 2019 financial year compared to 5 euros per share in the previous year. Additionally, the company said in a statement that Felix Fremerey has retired from the supervisory board at his own request and the annual general meeting elected...

19 Jun 2020

Business

Lenzing and Palmers join forces to tackle shortage of high-quality face masks

Austrian cellulose fibre producer Lenzing Group reacted quickly to the need of the hour and founded a new company, Hygiene Austria LP GmbH, together with Vienna-based Palmers Textil AG two weeks ago, which, in times of Covid-19, will concentrate entirely on the production of mouth-nose protective masks for the Austrian and European market. Now...

11 May 2020

Business

Lenzing Q1 EBIDTA declines 24.3 percent

Lenzing revenues in the first quarter of 2020 declined by 16.7 percent in comparison with the prior-year quarter and amounted to 466.3 million euros (504.6 million dollars). The company said in a statement that the main reason was the development of prices for standard viscose and other standard fibers and the impact of the Covid-19 crisis...

6 May 2020

People

Stephan Trubrich joins Lenzing as VP Capital Markets

Lenzing Group has announced that Stephan Trubrich assumed the new role as Vice President Capital Markets, effective as at March 01, 2020. In his capacity, the company said in a statement, Trubrich will oversee the Lenzing Group’s capital markets activities, including investor relations and ESG (environmental, social & governance) reporting. He...

10 Mar 2020

People

Lenzing appoints two new members to its management board

The Supervisory Board of Lenzing AG has appointed two new members to the company’s management board. The company said in a statement that Stephan Sielaff will serve as the new Chief Technology Officer effective March 1, 2020, succeeding Heiko Arnold, who left the Lenzing Group in November 2019. At the same time, Lenzing’s management body led by...

24 Feb 2020

Business

Lenzing Q3 net profit declines by 15.6 percent

The Lenzing Group’s revenues in the third quarter amounted to 1.62 billion euros (1.79 billion dollars), down 1.1 percent, which the company said were achieved despite the steep decline in prices for standard viscose. However, the company added that share of specialty fibers in revenue, at 49.8 percent, significantly exceeded the prior-year...

6 Nov 2019

Business

Lenzing introduces Tencel for Footwear in India

Austrian fibre producer Lenzing Group announced plans today to enter the footwear segment in India, introducing Tencel for Footwear, its unique and globally acclaimed concept of the botanic shoe, in the country for sustainable options in footwear. The launch comes at a time when the Indian government has committed to ending the use of single-use...

24 Sep 2019

Business

Lenzing presents new blockchain technology in Hong Kong

The Lenzing Group has made a huge leap forward in introducing blockchain technology, allowing for a new level of transparency and traceability in the textile industry. After joining the platform of the technology company TextileGenesis(TM) earlier this year, the world market leader in specialty fibers made from the renewable raw material wood...

5 Sep 2019

Business

Tried and tested: Lenzing fibres are fully biodegradable

Austrian fibre producer, The Lenzing Group, received confirmation of the full biodegradability of its fibers in fresh water by the independent research laboratory Organic Waste Systems (OWS). The new and existing international certifications conducted by OWS and issued by TÜV Austria verify that Lenzing’s Viscose fibers, Modal fibers and Lyocell...

2 Sep 2019

Business

Lenzing H1 revenues up, net profit drops 15.9 percent

The Lenzing Group increased revenue by 1.2 percent in the first half of 2019 to 1.09 billion euros (1.22 billion dollars). The company said, share of specialty fibers in revenue, at 48.4 percent, significantly exceeded the prior-year value of 44.1 percent. Net profit for the period decreased by 15.9 percent to 76.8 million euros (85.9 million...

7 Aug 2019

Fashion

Lenzing to invest one billion euros in new production facilities

Austrian fibre production company Lenzing has announced plans to invest more than one billion euros in new lyocell production facilities, with the first expansion phase seeing the company build the world’s largest lyocell fiber plant in Thailand. Construction on the state-of-the art production plant in Prachinburi, Thailand, will start in...

26 Jun 2019

Business

Lenzing Group to become world’s first carbon neutral fiber producer

As part of its climate strategy, the Lenzing Group has set itself the ambitious goal of net-zero CO2 emissions by 2050 and is the world’s first company to do so. The Austrian fiber producer announced in a press release on Friday that it wants to reduce its CO2 emissions drastically over the coming years and will invest more than 100 million...

24 Jun 2019