TreeToTextile news and archive

Lenzing returns to profitability in Q1 2026 after three negative quarters

Austrian fiber producer Lenzing has reported a positive net result for the first quarter of 2026. This marks a financial recovery for the group following three consecutive negative quarters throughout 2025. The group achieved a net profit of 24 million euros (28.24 million dollars) for the period ending March 31, 2026. While this figure is lower...

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Lenzing acquires majority stake in TreeToTextile

Austrian fibre manufacturer Lenzing AG (Lenzing) is set to acquire a majority stake in the Swedish company TreeToTextile AB. In a statement, the group described the planned acquisition as a “further strategic milestone”. The company, founded in 2014, represents “the next major technological breakthrough in cellulosic fibre production”. Lenzing...

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Lenzing snaps up minority share in cellulosic fibre producer TreeToTextile

Cellulose fibre supplier Lenzing Group has acquired a minority share in producer TreeToTextile AB. It joins the likes of existing shareholders H&M Group, Inter Ikea Group and Stora Enso to back the Swedish firm. Like Lenzing, TreeToTextile’s interests also lie in the production of cellulosic fibre, with the company having been initially...

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Stora Enso joins H&M and Ikea in TreeToTextile project

Finnish pulp and paper manufacturer Stora Enso has joined The H&m Group, Inter Ikea Group and SunPine founder Lars Stigsson in their joint venture TreeToTextile AB. The project aims to develop new textile fibres from renewable forest raw materials, at attractive costs. All four partners have an equally big stake in the company. Stora Enso has...