Lenzing news and archive

Lenzing announces strategic partnership with Karl Mayer Group

Lenzing Group, a leading global producer of wood-based speciality fibres, is teaming up with Karl Mayer Group, who manufacture textile machinery to facilitate the adoption of more botanic, biodegradable and fossil-fuel-free materials during textile production in both warp knitting and flat knitting machines. In a statement, Lenzing said that the...

Fashion

How the MyTrainingPal app is helping share Lenzing’s fiber knowledge among consumer brands

To achieve textile sustainability, challenges need to be addressed at every stage of the value chain. First and foremost, there must be a true understanding of what exactly sustainability means. A well-informed value chain not only builds better products but empowers consumers with knowledge of how a product is made, which ultimately shapes...

Fashion

Revolutionizing Denim: The Sustainability Benefits of Mechanically Recycled TENCEL™ Lyocell Fibers

In reckoning with the fashion industry’s sustainability issue, more and more manufacturers are pushing for textile recycling at scale as a way to create value from waste. Driven by rising interest in the ‘circular economy, brands from Patagonia to H&M and Levi’s have all introduced their own versions of textile recycling schemes – both...

Business

Lenzing revenues up in Q1, foresees signs of recovery

Revenues at Lenzing increased by 1.3 percent in the first quarter compared to the prior-year quarter to 623.1 million euros. The company said in a statement that the growth was primarily due to higher pulp revenues, while fibre revenues were down. As a consequence, EBITDA decreased by 66.2 percent to 29.7 million euros in the first quarter of...

Fashion

Sustainability to a new standard: Meet Lenzing and NFW’s plastic-free leather alternative

It's no secret that the fashion industry faces significant environmental challenges, with traditional textile production consuming a critical amount of vital resources and often relying on practices that are harmful to the planet, such as factory farming and the extraction of fossil fuels. As consumers become more aware of the environmental...

Business

Lenzing introduces new fibre recycling initiative

Austrian fibre manufacturer Lenzing, together with its partners Artistic Milliners from Pakistan, Canatiba from Brazil and Textil Santanderina from Spain, has started the first phase of a new Tencel fiber recycling initiative. Aiming to drive the circular economy in the global textile industry, the new initiative begins with the production of...

Business

Lenzing reports loss in fiscal year 2022

In the year under review, Lenzing revenue increased by 16.9 percent to 2.57 billion euros, primarily as a result of higher fibre prices, while EBITDA decreased by 33.3 percent to 241.9 million euros in 2022. The net result for the year was minus 37.2 million euros compared with 127.7 million euros in the 2021 financial year, while earnings per...

Business

Lenzing suspends dividend policy for FY23

Lenzing AG expects EBITDA for the 2023 financial year to be in a range of 320 million euros to 420 million euros, assuming a further market recovery in the current financial year. On this basis, the company said in a statement that the company’s managing board of Lenzing AG does not consider the execution of the existing dividend policy of at...

Fashion

Lenzing and NFW collaborate on sustainable leather alternative

Austrian fibre producer Lenzing Group has teamed up with US-based material science company Natural Fiber Welding Inc. (NFW) to offer Tencel-branded fibres as another backer option to the current all-natural fabric backing for NFW’s patented plant-based technology Mirum. The Mirum x Tencel collaboration is currently being showcased for the first...

Fashion

Together with partners, Lenzing succeeds in reaching a milestone in the development of a circular-based fashion collection

• Lenzing, Södra and Portuguese fabric manufacturer Riopele advance circularity together • World-renowned fashion label Filippa K will present the revolutionary recycled material in its Spring/Summer 2024 collection The Lenzing Group, the world’s leading supplier of specialty fibers, and Sweden’s leading pulp producer Södra have reached the next...

BusinessFeatured

Filippa K to debut “game-changing” new recycled and renewable material

Swedish fashion brand Filippa K is to debut what it is calling a “game-changing” recycled material in its spring/summer 2024 collection developed in collaboration with Södra, Lenzing and Riopele. In a statement, Filippa K said that the innovative material is made from a combination of textile waste and wood cellulose, utilising OnceMore...

Business |Interview Featured

How could fibre recycling become mainstream? In conversation with Lenzing’s veteran Michael Kininmonth

Fibre recycling technologies don’t grow overnight, but the fashion industry needs them as soon as possible to meet the ambitious climate goals of 2030. For the Lenzing Group, one of the oldest companies in regenerated cellulose fibres, ‘Refibra’ is the focal recycling innovation. The fibre blend consists of cellulose pulp made from wood and...