Lenzing news and archive

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...

BusinessFeatured

Lenzing loss widens, revenues drop by 5.3 percent

Lenzing revenue in the first three quarters of 2023 decreased by 5.3 percent to 1.87 billion euros, EBITDA decreased by 16.7 percent to 219.1 million euros, net result amounted to minus 96.7 million euros and earnings per share amounted to minus 4.90 euros. The company said in a release that the reduction was primarily due to lower fibre...

Fashion

Modern Living Sensibilities: Exploring TENCEL™’s Rise in Home Textiles

Craving comfort and solace from turbulent world events, for many, home has become much more than a place of shelter. The global pandemic gave way to the idea of creating a living space that fulfills our emotional and physical needs, while reflecting personality and the values we hold. As such, trends in home design and home textiles have also...

Business

Lenzing swings to H1 loss, but upbeat on signs of recovery

Austrian fibre production company Lenzing swung to a loss in the first half of the year but was upbeat as it saw signs of improvement throughout the period. The maker of Tencel lyocell fibers reported a net loss of 65.8 million euros compared to a net profit of 72.3 million euros a year earlier, while its EBITDA narrowed to 136.5 million euros...

Fashion

Driving the Adoption of Zero Cotton Fabrics with TENCEL™, Advance Denim and Officina+39

The fashion industry has long grappled with the environmental toll of its practices, from the large amounts of water and chemicals used to the disposal of textile waste. With each kilogram of virgin cotton demanding a staggering 10,000 liters of water, it is imperative to find alternative solutions to mitigate resource-intensive practices and...

Business

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...