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20.12.2019

Lenzing joint venture to build dissolving wood pulp plant in Brazil

  • Investment of approx. USD 1.3 bn in 500,000 t dissolving wood pulp plant
  • Key milestone to structurally strengthen cost leadership position
  • Significant step towards carbon neutrality

The Lenzing Group and Duratex announced that they will build a 500,000 t dissolving wood pulp plant in the State of Minas Gerais, near Sao Paulo (Brazil). The start-up is planned for the first half of 2022. In the joint venture, Lenzing holds a 51 percent, Duratex a 49 percent stake. The expected industrial CAPEX will be approx. USD 1.3 bn.

  • Investment of approx. USD 1.3 bn in 500,000 t dissolving wood pulp plant
  • Key milestone to structurally strengthen cost leadership position
  • Significant step towards carbon neutrality

The Lenzing Group and Duratex announced that they will build a 500,000 t dissolving wood pulp plant in the State of Minas Gerais, near Sao Paulo (Brazil). The start-up is planned for the first half of 2022. In the joint venture, Lenzing holds a 51 percent, Duratex a 49 percent stake. The expected industrial CAPEX will be approx. USD 1.3 bn. The project is financed through long-term debt. The corresponding financing contracts are expected to be concluded at the end of the first quarter of 2020.

Key milestone to structurally strengthen cost leadership position
The new dissolving wood pulp plant strengthens the Lenzing Group’s backward integration and cost position as well as its specialty fiber growth in line with its sCore TEN corporate strategy. The single-line dissolving wood pulp plant with an annual nameplate capacity of 500,000 tons will be the largest and most competitive production facility of its kind. Dissolving wood pulp is a key raw material required for manufacturing Lenzing’s biobased fibers. The joint venture will supply the entire volume of dissolving wood pulp to the Lenzing Group.

“Wood-based cellulosic fibers offer an important contribution to enhance sustainability in the textile industry. In line with its corporate strategy sCore TEN, Lenzing is committed to drive organic growth in this market. With this investment, we will become more competitive, act more independently and subsequently strengthen our market position. The trust and support of the main shareholders of Lenzing and Duratex were of great importance for this key project”, states Stefan Doboczky, CEO of the Lenzing Group.

Strong focus on sustainability
In planning the new production facility, particular importance was given to sustainability aspects. The joint venture secured FSC®-certified plantations1 covering an area of over 44,000 hectares to provide the necessary biomass. These plantations operate completely in accordance with the guidelines and high standards of the Lenzing Group for sourcing wood and pulp. The plant will operate among the highest productive and energy-efficient in the world and will feed the 40 percent of excess bioelectricity generated on site as “green energy” into the public grid. With this project, Lenzing sets a milestone in its strategy to carbon neutrality.

Source:

Lenzing AG

Lenzing AG
Lenzing AG
20.12.2019

Lenzing leads Canopy ranking for sustainable wood procurement

“Hot Button Report”, the Canadian non-profit organization Canopy particularly highlights the innovative strength of the Lenzing Group, its active contribution to forest conservation and high level of transparency.

“Hot Button Report”, the Canadian non-profit organization Canopy particularly highlights the innovative strength of the Lenzing Group, its active contribution to forest conservation and high level of transparency.

In the “Hot Button Report” issued by the Canadian non-profit organization Canopy, the Lenzing Group was once again rated number one in the world, thus confirming its role as the sustainability trailblazer in the textile industry. In this widely recognized ranking, Canopy grades the world’s 32 largest producers of wood-based fibers with respect to their success in achieving sustainable wood and pulp sourcing. Wood and the pulp derived from it are the most important raw materials underlying Lenzing’s sustainable production of cellulosic fibers.

“We are extremely proud of this top ranking. It underlines our leading position as a sustainability trailblazer in the manufacturing sector and in the fiber industry in particular. It gives our customers the confidence that we have created the right structures to prevent the sourcing and use of wood from ancient and endangered forests”, says Stefan Doboczky, CEO of the Lenzing Group. “Environmental protection and the prudent use of resources are an integral part of our responsibility to nature and society”, he adds.

Lenzing primarily convinced the non-profit organization Canopy this year thanks to its innovative strength used to promote the circular economy in the textile industry, its active contribution towards protecting the forests and preserving biodiversity as well as its high level of transparency in pulp sourcing.

Lenzing received a total of 26.5 points (up 3.5 points from the previous year) and was thus given the “light to mid green shirt” rating. This means that in using the wood-based cellulosic fibers produced by the Lenzing Group, there is only a very minimal danger that wood is derived from primeval forests and endangered forest areas. In the Wood and Pulp Policy published by Lenzing, the company confirms that it only sources wood and pulp from non-controversial sources.

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Lenzing Lenzing Group Canopy
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Lenzing AG

06.11.2019

Lenzing solid in a very difficult market environment

  • Continued positive development of the specialty fiber business with a share in revenue of 49.8 percent
  • Focus on expanding specialty fiber and dissolving wood pulp capacities in line with the sCore TEN strategy
  • Growing trade conflicts put the textile value chain under pressure – standard viscose prices at a historic low
  • Investments of EUR 100 mn to achieve ambitious climate targets

The Lenzing Group continued its solid business development in the third quarter of 2019 despite a significantly more challenging market environment.

  • Continued positive development of the specialty fiber business with a share in revenue of 49.8 percent
  • Focus on expanding specialty fiber and dissolving wood pulp capacities in line with the sCore TEN strategy
  • Growing trade conflicts put the textile value chain under pressure – standard viscose prices at a historic low
  • Investments of EUR 100 mn to achieve ambitious climate targets

The Lenzing Group continued its solid business development in the third quarter of 2019 despite a significantly more challenging market environment. The consistent implementation of the sCore TEN strategy and the focus on specialty fibers again had a positive impact. As a result, the decline in revenue and earnings in the first three quarters of 2019 due to the historically low standard viscose prices was mitigated.

 

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Lenzing Gruppe Lenzing Group
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Lenzing AG

05.11.2019

Lenzing received several prizes at the Corona awards

Lenzing was awarded for the introduction of the blockchain technology for fiber identification as well as its achievements as a leading company and significant economic engine in the region

Lenzing was awarded for the introduction of the blockchain technology for fiber identification as well as its achievements as a leading company and significant economic engine in the region

On November 4, 2019, Lenzing AG won the “Digital Corona” in Gold. The coveted business prize was awarded for the first time in this category. It is awarded to companies that have dynamically advanced the digitization of business processes, products, services and business models in recent years. At the premiere, Lenzing was delighted to receive the first prize for the introduction of the blockchain technology for fiber identification along the textile value chain.

“Consumers increasingly want to understand the ingredients and suppliers of the products they buy, requesting a new level of transparency and traceability. With the introduction of blockchain technology, Lenzing is pursuing the ambitious goal of creating full transparency across the value chain, driving change in an industry where less than five percent of the top 250 apparel brands can track their garments back to the fiber origin”, Stefan Doboczky, CEO of the Lenzing Group, says. Lenzing enables its customers and partners to identify TENCEL ™ branded fibers across each production and distribution step from fiber-to-retail. The technology also allows consumers to verify the garment composition and the underlying textile supply chain at the point of sale, simply by scanning the barcode with a mobile device. As a result, Lenzing also directly supports the business with its very sustainably produced TENCEL™ lyocell fibers.

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Lenzing AG
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Lenzing AG

 Lenzing investiert EUR 40 Mio. in weitere Verbesserung des ökologischen Fußabdrucks am Standort Lenzing (c) Lenzing AG
09.10.2019

Lenzing invests EUR 40 mn to further improve the ecological footprint of the Lenzing site

  • Construction of a new air purification and sulfur recovery plant
  • Further improvement of the exhaust emission values at the Lenzing site
  • Important step in achieving the CO2 targets of the Lenzing Group

Lenzing – The Lenzing Group is a global leader in the climate-friendly and sustainable production of wood-based textile fibers. Lenzing announced its climate targets in August of this year.

  • Construction of a new air purification and sulfur recovery plant
  • Further improvement of the exhaust emission values at the Lenzing site
  • Important step in achieving the CO2 targets of the Lenzing Group

Lenzing – The Lenzing Group is a global leader in the climate-friendly and sustainable production of wood-based textile fibers. Lenzing announced its climate targets in August of this year. By 2030, the company aims to reduce its specific CO2 emissions per ton of manufactured pulp and fibers by 50 percent. By the year 2050, the Lenzing Group will no longer generate any net CO2 emissions.

Lenzing‘s Management Board has now resolved to invest EUR 40 mn to expand the production of the raw material sulfuric acid at the Lenzing site. This comprises an important milestone on the path towards climate neutrality. In the future, a new air purification and sulfur recovery plant will not only optimize the company’s self-sufficiency for this raw material and enhance process reliability but improve environmental protection within the context of a clear forward-looking strategy.

Improved exhaust emission performance

The new plant represents an important contribution towards implementing the sustainability strategy of the Lenzing Group, and also helps to ensure an even higher level of environmental compatibility of all production operations at the Lenzing site. The application of state-of-the-art technologies will further improve exhaust emission values. Furthermore, the new facility will help further reduce the use of fossil fuels by generating steam which will, in turn, be converted into electricity. In this way, it will also support the energy self-sufficiency of the company’s operations in Lenzing.

Improved CO2 scorecard

As a result, the production plant in Lenzing will reduce its annual CO2 emissions by 15,000 tons. This is an important step towards further advancing the company’s ambitious plans in the coming years and also strengthen Lenzing’s leadership role as a driver of ecologically sustainable industry. “On the basis of these investments, Lenzing is taking the next step in achieving its climate targets. At the same time, it will also reach a significantly higher level of autonomy with respect to a vital raw material”, states Stefan Doboczky, Chief Executive Officer of Lenzing.

More information:
Lenzing Group Nachhaltigkeit Fasern
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Lenzing AG

12.09.2019

Lenzing contracts Wood to deliver world´s largest lyocell plant

partner confirms start-up date of the project in Thailand

partner confirms start-up date of the project in Thailand

With the recently announced plans to establish a lyocell production facility in Thailand, the Lenzing Group is taking an important step in meeting the strong demand for lyocell fibers and is further strengthening the company´s position as an industry leader in the specialty cellulosic fibers market. The proposed plant will be the largest lyocell plant in the world, with an annual capacity of 100,000 tons. The total investment volume for the first production line, including infrastructure and site development, amounts to approximately EUR 400 million. Up to four such lines can be potentially integrated and operated on the site. The project is of great importance to Lenzing as it is the first step in bringing lyocell production to Asia, featuring the largest markets, the most important customers and the most extensive growth potential in specialty fiber production.

More information:
Lenzing AG
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Lenzing AG

Gemeinsam nachhaltig handeln: Das World Textile Forum 2019 geht zu Ende (c) World Textile Forum 2019 - Schweizerische Textilfachschule STF
10.09.2019

Working together for a sustainable textile business: Looking back at World Textile Forum 2019

The 2019 World Textile Forum closes its doors after two successful and exciting days.

The 2019 World Textile Forum closes its doors after two successful and exciting days.

On September 9 and 10 renowned speakers and experts from the textile business gathered in Zurich to discuss opportunities in the changing textile world. Exciting talks and keynotes illustrated new possibilities for a more sustainable and digital textile industry. While one part of the versatile program focussed on “Sustainable Sourcing” with speakers such as Robert van de Kerkhof (Lenzing AG), Heinz Zeller (Hugo Boss), Daniel Gemperle (Calida) and Anna Maria Rugarli (VF), the topic of “Digital Production” became the centre of attention later thanks to experts like Torbjörn Netland (ETH), Maximilian Kürig (Karl Mayer), Maria Neidhold (Spoonflower) and Holger Max-Lang (Lectra). They offered new perspectives on the sustainable future of the textile industry, presenting innovative sustainable production and business models. The subsequent panels furthered the knowledge exchange between both attendees and speakers and led to lively discussions.

Swiss Textile Federation, Swiss Textile & Fashion Institute STF and Gherzi Textil Organisation would like to thank all attendees and look forward to the next World Textile Forum!

05.09.2019

Lenzing presented first blockchain pilot project at Hong Kong Fashion Summit

  • Pioneering pilot project conducted with Hong Kong based brand Chicks
  • A large majority of consumers wants brands to disclose their supply chain
  • Transparency ensured from fiber-to-retail

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.

  • Pioneering pilot project conducted with Hong Kong based brand Chicks
  • A large majority of consumers wants brands to disclose their supply chain
  • Transparency ensured from fiber-to-retail

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™ earlier this year, the world market leader in specialty fibers made from the renewable raw material wood presented the first pilot at this year’s Fashion Summit in Hong Kong on September 05, 2019. This pioneering pilot project was conducted in close cooperation with TextileGenesis™, WWF and Hong Kong based brand Chicks.

 

Source:

Lenzing AG

28.08.2019

Filip Miermans is the new head of Corporate Communications & Investor Relations at Lenzing

Starting at the beginning of September, Filip Miermans will head the department of “Corporate Communications & Investor Relations” at Lenzing AG. In this capacity, he will report directly to Stefan Doboczky, Chief Executive Officer of Lenzing. Filip Miermans will succeed Waltraud Kaserer, who will continue to support Lenzing in the future in the field of public affairs.

Starting at the beginning of September, Filip Miermans will head the department of “Corporate Communications & Investor Relations” at Lenzing AG. In this capacity, he will report directly to Stefan Doboczky, Chief Executive Officer of Lenzing. Filip Miermans will succeed Waltraud Kaserer, who will continue to support Lenzing in the future in the field of public affairs.

More information:
Lenzing AG
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Lenzing AG

08.08.2019

Lenzing solid in a significantly more challenging market environment

  • Continued positive development of specialties business with revenue share of already more than 48 percent
  • Commitment to long-term growth plan – investment in new 100,000 tons plant in Thailand approved
  • Significantly more challenging market environment for standard viscose with historically low prices
  • Outlook for 2019 confirmed

The Lenzing Group continued its solid business development in the first half of 2019.

  • Continued positive development of specialties business with revenue share of already more than 48 percent
  • Commitment to long-term growth plan – investment in new 100,000 tons plant in Thailand approved
  • Significantly more challenging market environment for standard viscose with historically low prices
  • Outlook for 2019 confirmed

The Lenzing Group continued its solid business development in the first half of 2019. Despite a significantly more challenging market environment with historically low prices for standard viscose, Lenzing recorded a slight increase in revenue. The disciplined implementation of the sCore TEN strategy and the focus on specialty fibers continue to have a positive impact. Thanks to ongoing high demand for sustainably produced specialty fibers and positive currency effects, the impact of low standard viscose prices was largely offset in earnings.

More information:
Lenzing Group
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Lenzing AG

26.07.2019

Expansion of pulp production at the Lenzing site successfully completed

  • Production capacities increased to 320,000 tons p.a.
  • Investments of EUR 60 mn enhance self-sufficiency and strengthen autonomy from market prices
  • Project serves as a significant economic driver in the region

Lenzing AG, producer of pulp and fibers from the renewable raw material wood, has concluded its expansion and modernization drive at the pulp plant at the Lenzing site. The company invested EUR 60 mn for this purpose, increasing production capacities for dissolving pulp extracted from beech wood from 300,000 to 320,000 tons per year.

  • Production capacities increased to 320,000 tons p.a.
  • Investments of EUR 60 mn enhance self-sufficiency and strengthen autonomy from market prices
  • Project serves as a significant economic driver in the region

Lenzing AG, producer of pulp and fibers from the renewable raw material wood, has concluded its expansion and modernization drive at the pulp plant at the Lenzing site. The company invested EUR 60 mn for this purpose, increasing production capacities for dissolving pulp extracted from beech wood from 300,000 to 320,000 tons per year. The coming on stream of the additional pulp capacities over the past weeks strengthens Lenzing’s self-supply of pulp in accordance with the sCore TEN corporate strategy.

“The successful expansion brings us closer to achieving our strategic objective of increasing our self-supply of pulp to a level of 75 percent, thus making us even more resistant to price fluctuations in sourcing pulp”, says Stefan Doboczky, CEO of the Lenzing Group. “We are also pleased that this project enables us to make a further significant contribution towards strengthening the Lenzing site as well as the regional economy”, Mr. Doboczky adds.

The expansion drive was completed in less than two years. In addition to 100 Lenzing Group employees, numerous external partner companies from Upper Austria and neighboring regions were involved in implementing the project. About 40,000 working days were needed by external companies in order to install the delivered machinery on site. The Lenzing Group secured additional jobs due to the pre-production work required in the factories of these suppliers.

In line with the corporate strategy of the Lenzing Group, the self-supply of dissolving wood pulp will be successively increased in the coming years to 75 percent of consumption. At present, Lenzing’s own pulp plants in Lenzing and Paskov (Czech Republic) cover 60 percent of the Group’s pulp requirements. The Lenzing site primarily makes use of beech wood which is not suitable for producing furniture, whereas it mainly relies on spruce wood in the Czech Republic. The remaining dissolving wood pulp is sourced from a variety of hardwoods and softwoods from international partners. In this case, in the spirit of sustainability, Lenzing applies procurement rules which are just as strict as when it purchases wood for its own pulp production.

Source:

Lenzing AG

26.07.2019

Zellstoffausbau am Standort Lenzing erfolgreich abgeschlossen

  • Produktionskapazitäten auf 320.000 Tonnen pro Jahr gesteigert
  • Investition von EUR 60 Mio. erhöht Eigenversorgung und stärkt Unabhängigkeit von Marktpreisen
  • Projekt als bedeutender Wirtschaftsmotor in der Region

Die Lenzing AG hat den Ausbau und die Modernisierung des Zellstoffwerks am Standort Lenzing fertiggestellt. Das Investment betrug EUR 60 Mio., die Produktionskapazität für Faserzellstoff aus Buchenholz wurde von 300.000 auf 320.000 Tonnen pro Jahr gesteigert.

  • Produktionskapazitäten auf 320.000 Tonnen pro Jahr gesteigert
  • Investition von EUR 60 Mio. erhöht Eigenversorgung und stärkt Unabhängigkeit von Marktpreisen
  • Projekt als bedeutender Wirtschaftsmotor in der Region

Die Lenzing AG hat den Ausbau und die Modernisierung des Zellstoffwerks am Standort Lenzing fertiggestellt. Das Investment betrug EUR 60 Mio., die Produktionskapazität für Faserzellstoff aus Buchenholz wurde von 300.000 auf 320.000 Tonnen pro Jahr gesteigert. Die Inbetriebnahme der neuen Kapazitäten in den vergangenen Wochen dient der stärkung der Eigenversorgung mit Zellstoff im Sinne der Unternehmensstrategie sCore TEN.

„Der erfolgreiche Ausbau bringt uns dem strategischen Ziel, die Eigenversorgung mit Zellstoff in Richtung 75 Prozent zu erhöhen, näher und macht uns noch widerstandsfähiger gegen Preisschwankungen beim Zellstoffeinkauf“, sagt Stefan Doboczky, Vorstandsvorsitzender der Lenzing Gruppe. „Es freut uns, dass wir mit dem Projekt einen weiteren wesentlichen Beitrag zur Stärkung des Standortes Lenzing und der Wirtschaft in der Region beitragen konnten“, so Doboczky.

Der Ausbau wurde in weniger als zwei Jahren umgesetzt. Neben bis zu 100 Mitarbeiter/innen der Lenzing Gruppe waren auch etliche externe Partnerunternehmen aus Oberösterreich und angrenzenden Regionen an der Realisierung des Projektes beteiligt. Rund 40.000 Arbeitstage wurden vor Ort von externen Firmen geleistet, um die gelieferten Anlagen zu montieren. Für die Vorfertigung in deren Werken sicherte die Lenzing Gruppe direkt weitere Arbeitsplätze.

Gemäß der Unternehmensstrategie der Lenzing Gruppe wird die Eigenversorgung mit Faserzellstoff in den kommenden Jahren sukzessive auf 75 Prozent des Verbrauches angehoben. Derzeit erzeugt Lenzing in den eigenen Zellstoffwerken Lenzing und Paskov (Tschechien) 60 Prozent des konzerneigenen Bedarfs an Zellstoff. In Lenzing wird dazu hauptsächlich Buchenholz, das nicht zur Produktion von Möbeln geeignet ist, verwendet und in Tschechien hauptsächlich Fichte. Der restliche Faserzellstoff aus einer Reihe von Hart- und Weichhölzern wird von internationalen Partnern zugekauft, wobei Lenzing hier genauso strenge Einkaufsregeln im Sinne der Nachhaltigkeit anwendet wie beim Einkauf von Holz für die eigene Zellstoffproduktion.

Source:

Lenzing AG

12.07.2019

LENZING™ fibers help to improve the quality of life for butterfly children

  • Undergarments, pajamas and bed linens tested for months
  • Moisture management of fibers reduce sweating and hence itching
  • Soft and smooth fibers lead to fewer skin injuries

The Lenzing Group has been providing both financial support and textiles made of its fibers to DEBRA Austria, the patient organization for “butterfly children”. The TENCEL™ branded lyocell and modal fibers which are being used are particularly soft and smooth and therefore very skin-friendly. In turn, they help to improve the quality of life for the “butterfly children”.

  • Undergarments, pajamas and bed linens tested for months
  • Moisture management of fibers reduce sweating and hence itching
  • Soft and smooth fibers lead to fewer skin injuries

The Lenzing Group has been providing both financial support and textiles made of its fibers to DEBRA Austria, the patient organization for “butterfly children”. The TENCEL™ branded lyocell and modal fibers which are being used are particularly soft and smooth and therefore very skin-friendly. In turn, they help to improve the quality of life for the “butterfly children”.

In recent months, several patients with the skin disorder Epidermolysis Bullosa (EB) have tested leggings, undergarments, pajamas, leggings, quilts and bed linens made of TENCEL™ fibers and have found them to be comfortable and skin-friendly. The skin of EB patients is fragile like the wings of a butterfly. For this reason, coarse fibers, scratching seams, buttons, zippers and fibers which hardly or do not at all absorb sweat frequently lead to additional blisters and sores and increased itching. In contrast, TENCEL™ fibers feature particularly good moisture management and thus support the nature temperature-regulating properties of the body.

 

More information:
Lenzing Gruppe Lenzing AG
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Lenzing AG

26.06.2019

Lenzing Group builds world’s largest lyocell fiber plant in Thailand

 

 

  • Lenzing plans to invest more than EUR 1 bn in new lyocell fiber production facilities
  • First expansion phase with 100,000 tons approved in Thailand
  • State-of-the-art production plant enhances global specialty fibers footprint
  • Accelerates business growth with TENCEL™ branded fibers
  • Biogenic energy supply fosters low CO2 emissions and climate protection  

Lenzing – The Lenzing Group is substantial increasing its production of lyocell fibers to meet the strong demand for these products and further strengthening its position as an industry leader in specialty fibers. Over the next years, it plans to invest more than EUR 1 bn in new production facilities for lyocell fibers. The first expansion phase of this ambitious growth plan, the construction of a state-of-the art lyocell fiber production plant in Prachinburi (Thailand), has now been approved. The plant will have a capacity of 100,000 tons and feature investments of approximately EUR 400 mn.

More information:
Lenzing Tencel-Lyocell
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Corporate Communications & Investor Relations Team Lenzing AG

(c) Lenzing AG
21.06.2019

Lenzing Group to become the first carbon neutral fiber producer in the world

  • Lenzing sets net-zero CO2 emissions target by 2050
  • Reduction of specific CO2 emissions by 50 percent until 2030
  • Investment of more than EUR 100 mn to combat 1.3 Mt of CO2 emissions
  • Commitment to follow the Science Based Targets concept

Lenzing, member of the CEO Climate Leaders Group of the World Economic Forum and a signatory to the United Nations Fashion Industry Charter for Climate Action, will drastically reduce its CO2 footprint.

  • Lenzing sets net-zero CO2 emissions target by 2050
  • Reduction of specific CO2 emissions by 50 percent until 2030
  • Investment of more than EUR 100 mn to combat 1.3 Mt of CO2 emissions
  • Commitment to follow the Science Based Targets concept

Lenzing, member of the CEO Climate Leaders Group of the World Economic Forum and a signatory to the United Nations Fashion Industry Charter for Climate Action, will drastically reduce its CO2 footprint. The Lenzing Group will invest EUR 100 mn over the coming years to reduce carbon emissions both inside its operational boundaries (scope 1+2) and in its supply chain (scope 3). Due to its ambitious CO2 emission reduction strategy, the Lenzing Group will further contribute towards helping customers to transition their business to a lower CO2 base.

A first milestone is set for 2030, when Lenzing plans to reduce CO2 emissions per ton of product by almost 50 percent (scope 1+2 and 3) compared to a 2017 baseline. The total CO2 reduction of all the planned initiatives will yield 1.3 Mt.

More information:
Lenzing Group
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Lenzing AG

(c) Lenzing AG
17.05.2019

Lenzing traces its fibers with blockchain technology

  • Lenzing enters the age of digital traceability
  • Transparency ensured from wood to the finished garment
  • Partnership with Hong Kong based TextileGenesis™

The Lenzing Group, world market leader in specialty fibers made from the renewable material wood, is strengthening its leading position in sustainability in the textile industry. Lenzing will use blockchain technology to support its TENCEL™ branded fiber business, ensuring complete transparency and traceability for brands and consumers of its fibers in the finished garment.

  • Lenzing enters the age of digital traceability
  • Transparency ensured from wood to the finished garment
  • Partnership with Hong Kong based TextileGenesis™

The Lenzing Group, world market leader in specialty fibers made from the renewable material wood, is strengthening its leading position in sustainability in the textile industry. Lenzing will use blockchain technology to support its TENCEL™ branded fiber business, ensuring complete transparency and traceability for brands and consumers of its fibers in the finished garment. After evaluating various initiatives Lenzing decided to join the platform of the Hong Kong based technology company TextileGenesis™ to accomplish this ambition.

Consumers increasingly want to understand the ingredients and suppliers of the products they buy, requesting a new level of transparency and traceability. The supply chain transparency from wood to garment and home textiles will enable all customers and partners to identify TENCEL™ fibers and the respective wood source in each production and distribution step. Thanks to a QR code on the final garment, consumers will be able to detect the origin of the clothes they intend to buy.

“With LENZING™ ECOVERO™ branded fibers Lenzing was the frontrunner in physical traceability and is now entering the age of digital traceability. This milestone in transparency is a further strong commitment to sustainability”, says Stefan Doboczky, Chief Executive Officer of the Lenzing Group. “Together with TextileGenesis™, we aim to create an unmatched level of transparency for brands and consumers. With this step Lenzing will further help to green up the textile industry.”

Lenzing will carry out several pilot tests over the next few months involving partners along the entire value chain. Lenzing expects the platform to be fully operational as of 2020.

Source:

Lenzing AG

18.04.2019

Lenzing Gruppe veröffentlicht Nachhaltigkeitsbericht 2018

  • Mission für Nachhaltigkeit: Ökologisierung der Wertschöpfungskette
  • Umsetzung der Ziele für nachhaltige Entwicklung
  • Partnerschaft mit US-Marken in der Earth Day-Kampagne zur Wiederaufforstung

Das Thema Nachhaltigkeit ist für die Lenzing Gruppe ein Kernwert der Unternehmensstrategie, ein wichtiger Geschäftstreiber und Ansporn für Innovationen. Der Fokus des neuen Nachhaltigkeitsberichtes, der ab dem Earth Day am 22.

  • Mission für Nachhaltigkeit: Ökologisierung der Wertschöpfungskette
  • Umsetzung der Ziele für nachhaltige Entwicklung
  • Partnerschaft mit US-Marken in der Earth Day-Kampagne zur Wiederaufforstung

Das Thema Nachhaltigkeit ist für die Lenzing Gruppe ein Kernwert der Unternehmensstrategie, ein wichtiger Geschäftstreiber und Ansporn für Innovationen. Der Fokus des neuen Nachhaltigkeitsberichtes, der ab dem Earth Day am 22. April verschickt wird, liegt auf den vielfältigen Aktivitäten des Unternehmens, um die Textilbranche und die Vliesstoffbranche zu einem ökologischeren Wirtschaftsmodell zu motivieren. Der Bericht trägt den Titel „Partner für den Wandel“ – ein Konzept, das auch die jüngste TENCEL™ Kampagne anlässlich des Earth Month inspiriert hat, die am 1. April 2019 gestartet wurde und bis zum 30. April 2019 andauert.

Nachhaltigkeit ist ein wichtiger Bestandteil des Markenversprechens von Lenzing. Im Rahmen der TENCEL™ Earth Day-Kampagne „From Trees, For Trees“ arbeitet die Lenzing Gruppe mit Einzelhandelsmarken in den USA zusammen. Gemeinsam wird die Wiederaufforstung in Kalifornien unterstützt, wo im vergangenen Jahr durch Waldbrände mehr als 354.000 Hektar Wald verwüstet wurden. Vom 1. April bis zum 30. April 2019 rufen die Marke TENCEL™ und ihre Partner die Öffentlichkeit über Instagram-Beiträge zum Thema „Earth Month“ zu Spenden für Bäume auf (https://www.tencel.com/earth-day).

More information:
Lenzing AG Lenzing Group, nature
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Lenzing AG

18.04.2019

Lenzing Group launches Sustainability Report 2018

  • Lenzing’s mission: Greening up the value chain
  • Putting the Sustainable Development Goals into practice
  • Partnering with US brands in Earth Day campaign to plant trees

For the Lenzing Group, sustainability is a core value, key business driver and stimulus for innovation. In its new Sustainability Report, which will be sent from Earth Day, April 22, readers will learn about the wide range of activities the company is engaged in pursuing its mission of greening up the value chain.

  • Lenzing’s mission: Greening up the value chain
  • Putting the Sustainable Development Goals into practice
  • Partnering with US brands in Earth Day campaign to plant trees

For the Lenzing Group, sustainability is a core value, key business driver and stimulus for innovation. In its new Sustainability Report, which will be sent from Earth Day, April 22, readers will learn about the wide range of activities the company is engaged in pursuing its mission of greening up the value chain. The Report is entitled “Partner for Change”, a concept that also inspires the latest TENCEL™ campaign on occasion of Earth Month, launched on April 1, 2019 and continuing until April 30, 2019.

Sustainability is an increasingly important element of Lenzing’s brand promise. The current TENCEL™ Earth Month Campaign “From Trees, For Trees” is a brand collaboration supporting the replanting of trees in the California forests recently devastated by last year’s wildfires that burned over c of forest. From April 1 to April 30, 2019, TENCEL™ brand invites the public to get involved in helping them donate trees by liking and sharing Earth Month related posts on their branded Instagram channel as well as their retail partner’s Instagram channels (https://www.tencel.com/earth-day).

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Lenzing Group, nature Lenzing AG
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Lenzing AG

17.04.2019

Lenzing’s Annual General Meeting resolves an unchanged dividend and special dividend

This year’s Annual General Meeting of Lenzing AG resolved today, Thursday, April 17, 2019, to distribute a dividend of EUR 3.00 per share as well as a special dividend totaling EUR 2.00 per share. On balance, the dividend will amount to EUR 5.00 per no-par value share for the 2018 financial year (compared to EUR 5.00 per share in the previous year). The dividend payment is scheduled to take place on April 25, 2019, whereas ex-dividend day is on April 23, 2019.

This year’s Annual General Meeting of Lenzing AG resolved today, Thursday, April 17, 2019, to distribute a dividend of EUR 3.00 per share as well as a special dividend totaling EUR 2.00 per share. On balance, the dividend will amount to EUR 5.00 per no-par value share for the 2018 financial year (compared to EUR 5.00 per share in the previous year). The dividend payment is scheduled to take place on April 25, 2019, whereas ex-dividend day is on April 23, 2019.

The Annual General Meeting also adopted a resolution discharging the members of the Management Board and the Supervisory Board for the 2018 financial year, and also resolved upon the remuneration to be paid to the Supervisory Board members for the 2018 and 2019 financial years. KPMG Austria GmbH Wirtschaftsprüfungs- u. Steuerberatungsgesellschaft was appointed to serve as the auditor of the annual and consolidated financial statements for the 2019 financial year.

Effective at the end of this Annual General Meeting, Hanno Bästlein, the previous Chairman of the Supervisory Board, as well as Christoph Kollatz have retired from the Supervisory Board at their own request. “We would like to thank Hanno Bästlein and Christoph Kollatz for their dedicated work on the Supervisory Board of Lenzing AG. Thanks to their expertise, they made a major contribution to important strategic decisions in the company. During his four years as Chairman of the Supervisory Board, Hanno Bästlein decisively supported the strategy of the Lenzing Group and thus contributed to the enhanced resilience of the company based on the expansion with specialty fibers”, says Stefan Doboczky, Chief Executive Officer of Lenzing AG.

Source:

Lenzing AG

20.03.2019

Lenzing AG: New members proposed for appointment to the Supervisory Board

  • Christian Bruch and Stefan Fida proposed to serve as new members of the Supervisory Board
  • Hanno Bästlein and Christoph Kollatz will resign from their positions on the Supervisory Board at the upcoming Annual General Meeting

Prior to the Annual General Meeting of the publicly traded company Lenzing AG scheduled for April 17, 2019, the Nomination Committee dealt with the future composition of the Supervisory Board. It has proposed that the Annual General Meeting appoint Christian Bruch to serve on the Supervisory Board. Mr.

  • Christian Bruch and Stefan Fida proposed to serve as new members of the Supervisory Board
  • Hanno Bästlein and Christoph Kollatz will resign from their positions on the Supervisory Board at the upcoming Annual General Meeting

Prior to the Annual General Meeting of the publicly traded company Lenzing AG scheduled for April 17, 2019, the Nomination Committee dealt with the future composition of the Supervisory Board. It has proposed that the Annual General Meeting appoint Christian Bruch to serve on the Supervisory Board. Mr. Bruch has been a member of the Executive Board of Linde AG since 2015 and a member of the Management Committee of Linde plc since 2019. The graduate in mechanical engineering will contribute his extensive experience in plant engineering and various technical and management positions in internationally operating industrial companies. The Viennese lawyer Stefan Fida has also been nominated as a future member of the Supervisory Board.

As previously announced, Hanno Bästlein will resign from his position on the Supervisory Board at the upcoming Annual General Meeting in order to be able to increasingly devote his attention to his own business activities. Christoph Kollatz will also step down from the Supervisory Board for professional reasons at the Annual General Meeting in April 2019.

“We would like to thank Hanno Bästlein and Christoph Kollatz for their dedicated work on the Supervisory Board of Lenzing AG. Thanks to their expertise, they made a major contribution to important strategic decisions in the company. During his four years as Chairman of the Supervisory Board, Hanno Bästlein decisively supported the strategy of the Lenzing Group and thus contributed to the enhanced resilience of the company based on the expansion with specialty fibers”, says Stefan Doboczky, Chief Executive Officer of Lenzing AG.

 

More information:
Lenzing Group
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Lenzing AG