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02.11.2022

Nico Reiner as new Chief Financial Officer of Lenzing AG

The Supervisory Board of Lenzing AG, a world-leading provider of sustainably produced specialty fibers for the textile and nonwoven industries, has appointed Nico Reiner as its new Chief Financial Officer. Mr. Reiner will join Lenzing’s Managing Board led by Chief Executive Officer Stephan Sielaff on January 1, 2023. He will succeed Chief Financial Officer Thomas Obendrauf, who is leaving the company of his own volition after seven years.

Nico Reiner has held several positions in his professional career to date, including CFO at globally operating companies such as Schüco Group, AL-KO Group and Pfleiderer Group, as well as management consultant roles. His most recent appointment was as CFO of Vacuumschmelze GmbH & Co. KG, a global player with headquarters in Hanau that specializes in the development, production and marketing of magnetic materials.

The Supervisory Board of Lenzing AG, a world-leading provider of sustainably produced specialty fibers for the textile and nonwoven industries, has appointed Nico Reiner as its new Chief Financial Officer. Mr. Reiner will join Lenzing’s Managing Board led by Chief Executive Officer Stephan Sielaff on January 1, 2023. He will succeed Chief Financial Officer Thomas Obendrauf, who is leaving the company of his own volition after seven years.

Nico Reiner has held several positions in his professional career to date, including CFO at globally operating companies such as Schüco Group, AL-KO Group and Pfleiderer Group, as well as management consultant roles. His most recent appointment was as CFO of Vacuumschmelze GmbH & Co. KG, a global player with headquarters in Hanau that specializes in the development, production and marketing of magnetic materials.

Source:

Lenzing AG

Photo: Unsplash, Sheraz Shaikh
24.10.2022

C.L.A.S.S. presents its new partner Orange Fiber

Founded in Catania, Italy in 2014, Orange Fiber has developed a process to transform what remains from the industrial pressing process of citrus fruits for juice into a unique textile material. The innovative process has been patented in Italy and extended to major citrus juice producing countries around the world.

Recently, Orange Fiber and the Lenzing Group, a leading manufacturer of textile fibers specialties from wood, started a collaboration to produce the first lyocell fiber branded TENCEL™ composed of cellulose from orange and from wood. Produced using the same closed-loop process as the TENCEL™ Lyocell fibers, the TENCEL™ Limited Edition x Orange Fiber contributes to promote sustainability in the textiles. The name of the fiber is LENZING Lyocell LE orange, abbreviated to OF in the yarn and in the fabric composition.

Founded in Catania, Italy in 2014, Orange Fiber has developed a process to transform what remains from the industrial pressing process of citrus fruits for juice into a unique textile material. The innovative process has been patented in Italy and extended to major citrus juice producing countries around the world.

Recently, Orange Fiber and the Lenzing Group, a leading manufacturer of textile fibers specialties from wood, started a collaboration to produce the first lyocell fiber branded TENCEL™ composed of cellulose from orange and from wood. Produced using the same closed-loop process as the TENCEL™ Lyocell fibers, the TENCEL™ Limited Edition x Orange Fiber contributes to promote sustainability in the textiles. The name of the fiber is LENZING Lyocell LE orange, abbreviated to OF in the yarn and in the fabric composition.

Source:

C.L.A.S.S.

20.10.2022

Lenzing: Ambitions in textile recycling

  • Lenzing becomes partner company of CISUTAC
  • New project CISUTAC, co-funded by the EU, shall remove barriers to circularity in the textile industry
  • Lenzing will make a contribution in cellulose recycling

The Lenzing Group, a leading provider of specialty fibers for the textile and nonwoven industries, is reinforcing its commitment to circularity by becoming a partner in the CISUTAC (Circular and Sustainable Textile and Clothing) project that is co-funded by the EU. The new consortium was established to support the transition to a circular and sustainable textile sector and, as well as Lenzing, the 27 consortium members include the industry association Euratex, textile company Inditex, PVH, Decathlon and non-governmental organization Oxfam. For its part, Lenzing is focusing on the development of recycling processes for cellulose.
 
CISUTAC aims to remove current bottlenecks in order to enhance textile circularity in Europe. Its goal is to minimize the sector’s total environmental impact by developing sustainable, novel and inclusive large-scale European value chains.

 

  • Lenzing becomes partner company of CISUTAC
  • New project CISUTAC, co-funded by the EU, shall remove barriers to circularity in the textile industry
  • Lenzing will make a contribution in cellulose recycling

The Lenzing Group, a leading provider of specialty fibers for the textile and nonwoven industries, is reinforcing its commitment to circularity by becoming a partner in the CISUTAC (Circular and Sustainable Textile and Clothing) project that is co-funded by the EU. The new consortium was established to support the transition to a circular and sustainable textile sector and, as well as Lenzing, the 27 consortium members include the industry association Euratex, textile company Inditex, PVH, Decathlon and non-governmental organization Oxfam. For its part, Lenzing is focusing on the development of recycling processes for cellulose.
 
CISUTAC aims to remove current bottlenecks in order to enhance textile circularity in Europe. Its goal is to minimize the sector’s total environmental impact by developing sustainable, novel and inclusive large-scale European value chains.

 

(c) Lenzing AG
03.10.2022

Lenzing: Ground-mounted photovoltaic system becomes operational

The Lenzing Group and VERBUND, an energy transition company, launched the first development stage of the largest ground-mounted photovoltaic system in Upper Austria. Together with its energy partner VERBUND, Lenzing is also paving the way for the transition to zero-emission mobility. The installation of electric vehicle charging infrastructure at the company’s premises underlines Lenzing’s commitment to the energy transition process.

The Lenzing Group and VERBUND, an energy transition company, launched the first development stage of the largest ground-mounted photovoltaic system in Upper Austria. Together with its energy partner VERBUND, Lenzing is also paving the way for the transition to zero-emission mobility. The installation of electric vehicle charging infrastructure at the company’s premises underlines Lenzing’s commitment to the energy transition process.

Thanks to the ground-mounted photovoltaic system at the “Ofenloch” landfill site, Lenzing, in conjunction with VERBUND, is consistently moving forward on the path to a carbon-free energy supply and has commissioned the first half of the new photovoltaic system with a peak power of 2,780 kWp. Full commissioning of the system with a peak power of 5,560 kWp is envisaged in mid-October. Annual electricity production will amount to 6,000,000 kWh, which is expected to cut CO2 emissions by some 4,400 tonnes per year. The Austrian pioneer in fiber production already commissioned three rooftop photovoltaic systems in spring/summer of 2022, with a peak power of 1,454 kWp and annual electricity production of some 1,508,000 kWh. The electricity flows directly into the company’s on-site production and will also power electric charging stations in future. In the first development stage, 16 wallboxes are set to be installed by the end of the year. A further 32 charging points are planned for 2023. The charging stations will be accessible to staff, visitors and the company’s own vehicle fleet.

“VERBUND’s photovoltaic operator model allows us to make the transition to solar power without incurring investment costs or risks. Thanks to the constant expansion in renewable energy, we remain on course to ecologize the value chain, while optimizing our carbon footprint, cutting costs and reducing the load on the grid, as we are using nearly 100 percent of photovoltaic power in our production,” explains Christian Skilich, Chief Pulp Officer of the Lenzing Group.

More information:
Lenzing energy consumption CO2
Source:

Lenzing AG

27.09.2022

Lenzing awarded by EcoVadis for sustainability

  • Lenzing has been awarded the highest CSR rating from EcoVadis for the second consecutive time
  • Global rating standard evaluates 90,000 companies: Lenzing among top 1 percent of its industry
  • enzing joins the UN Global Compact sustainability initiative

Lenzing Group has been awarded platinum status in the CSR rating from EcoVadis. This comprehensive assessment covers the four key practices of corporate social responsibility: the environment, fair working conditions and human rights, ethics and sustainable procurement.

This is the second time that EcoVadis, a leading international provider of sustainability ratings for businesses, has awarded platinum status to Lenzing for its sustainability performance. As a result, Lenzing ranks among the world’s top 1 percent of companies in its sector that are rated by EcoVadis.

  • Lenzing has been awarded the highest CSR rating from EcoVadis for the second consecutive time
  • Global rating standard evaluates 90,000 companies: Lenzing among top 1 percent of its industry
  • enzing joins the UN Global Compact sustainability initiative

Lenzing Group has been awarded platinum status in the CSR rating from EcoVadis. This comprehensive assessment covers the four key practices of corporate social responsibility: the environment, fair working conditions and human rights, ethics and sustainable procurement.

This is the second time that EcoVadis, a leading international provider of sustainability ratings for businesses, has awarded platinum status to Lenzing for its sustainability performance. As a result, Lenzing ranks among the world’s top 1 percent of companies in its sector that are rated by EcoVadis.

In line with its “Naturally positive” sustainability strategy, the Lenzing Group has set ambitious targets in each of its core strategic areas, aimed at bolstering its capacity to move from a linear to a circular model. Lenzing reports the corresponding implementation measures and the progress it has made in its annual sustainability report. This high level of accountability and transparency was particularly praised in the assessment by EcoVadis. The rating provider also highlighted Lenzing’s comprehensive measures to reduce air pollution, wastewater and greenhouse gases, in addition to its provision of skills development training and health care programs for staff members.

Partnerships for systemic change
Lenzing forges strategic partnerships with various stakeholders to meet its ambitious climate and sustainability targets and drive forward systemic change in the textile and nonwoven industries. This is why Lenzing, as one of 15,000 companies worldwide, joined the United Nations Global Compact. As a member, Lenzing is committed to upholding human rights, respecting the rights of employees and their representatives, protecting the environment, enabling fair competition and combating corruption.

Source:

Lenzing AG

19.09.2022

Lenzing suspends guidance for 2022

In view of the drastic deterioration of the market environment in the current quarter, the Lenzing Group suspends its guidance for the development of earnings in the 2022 financial year.

The further course of the 2022 financial year can only be estimated to a limited extent due to the extremely low visibility on the demand side and the high volatility of energy and raw material costs.

In view of the drastic deterioration of the market environment in the current quarter, the Lenzing Group suspends its guidance for the development of earnings in the 2022 financial year.

The further course of the 2022 financial year can only be estimated to a limited extent due to the extremely low visibility on the demand side and the high volatility of energy and raw material costs.

More information:
prognosis Inflation Ukraine
Source:

Lenzing Group

15.09.2022

Lenzing also switches to green electricity at its Chinese site

The Lenzing Group, a leading provider of wood-based specialty fibers, is expanding its global clean electricity portfolio by gradually transitioning to green energy at its production site in Nanjing. This will enable its Chinese subsidiary Lenzing Nanjing Fibers to use electricity derived solely from renewable sources from 2023 onwards and reduce the site’s carbon emissions by 100,000 tonnes annually. Lenzing only recently announced the transition to green electricity at its Indonesian production facility.

In 2019, Lenzing became the first fiber producer to set a target of halving its carbon emissions by 2030 and becoming climate neutral by 2050. This carbon reduction target has been recognized by the Science Based Targets Initiative. In Nanjing, Lenzing is currently investing in cutting its carbon emissions and converting a standard viscose production line to 35,000 tonnes of TENCEL™ branded modal fibers. Thanks to this move, the Chinese site will exclusively produce eco-friendly specialty fibers.

The Lenzing Group, a leading provider of wood-based specialty fibers, is expanding its global clean electricity portfolio by gradually transitioning to green energy at its production site in Nanjing. This will enable its Chinese subsidiary Lenzing Nanjing Fibers to use electricity derived solely from renewable sources from 2023 onwards and reduce the site’s carbon emissions by 100,000 tonnes annually. Lenzing only recently announced the transition to green electricity at its Indonesian production facility.

In 2019, Lenzing became the first fiber producer to set a target of halving its carbon emissions by 2030 and becoming climate neutral by 2050. This carbon reduction target has been recognized by the Science Based Targets Initiative. In Nanjing, Lenzing is currently investing in cutting its carbon emissions and converting a standard viscose production line to 35,000 tonnes of TENCEL™ branded modal fibers. Thanks to this move, the Chinese site will exclusively produce eco-friendly specialty fibers.

The company aims to generate more than 75 percent of its fiber revenue from the wood-based, biodegradable specialty fibers business under the TENCEL™, LENZING™, ECOVERO™ and VEOCEL™ brands by 2024. With the launch of the lyocell plant in Thailand in March 2022 and the investments in existing production sites in China and Indonesia, the share of specialty fibers in Lenzing’s fiber revenue is set to exceed the 75 percent target by a significant margin as early as 2023.

09.09.2022

Lenzing invests in renewable energy expansion

  • Partnership with green power producer Enery and Energie Steiermark realizes construction of a photovoltaic plant with 5.5 MWpeak capacity
  • Strategic investments in renewables boost energy independence and reduce carbon footprint

The Lenzing Group has signed an electricity supply contract with green power producer Enery and Energie Steiermark to finance a photovoltaic plant in the Deutschlandsberg region (Styria). The electricity generated will supply the fiber and pulp plant at the Lenzing site after commissioning from the fourth quarter of 2023. The electricity supply contract is limited to 20 years.

The plant’s output will amount to 5.5 MWpeak. This corresponds to the average annual electricity demand of more than 1,700 households. Several photovoltaic systems are already being installed at the Lenzing site, including the largest ground-mounted plant in the province of Upper Austria, whose commissioning is imminent.

  • Partnership with green power producer Enery and Energie Steiermark realizes construction of a photovoltaic plant with 5.5 MWpeak capacity
  • Strategic investments in renewables boost energy independence and reduce carbon footprint

The Lenzing Group has signed an electricity supply contract with green power producer Enery and Energie Steiermark to finance a photovoltaic plant in the Deutschlandsberg region (Styria). The electricity generated will supply the fiber and pulp plant at the Lenzing site after commissioning from the fourth quarter of 2023. The electricity supply contract is limited to 20 years.

The plant’s output will amount to 5.5 MWpeak. This corresponds to the average annual electricity demand of more than 1,700 households. Several photovoltaic systems are already being installed at the Lenzing site, including the largest ground-mounted plant in the province of Upper Austria, whose commissioning is imminent.

In 2019, Lenzing became the first fiber manufacturer to set a target to reduce its carbon emissions by 50 percent by 2030 and to be climate neutral by 2050. This carbon reduction target has been confirmed by the Science Based Targets Initiative. Lenzing is also currently investing in reducing carbon emissions at other sites worldwide. Only recently, the Lenzing Group announced that its Indonesian site will also be relying on green energy in the future.

Source:

Lenzing AG

(c) INDA
23.08.2022

INDA Announces the 2022 RISE® Innovation Award Finalists

  • Innovations in Recycling and Sustainability: Sustainable Diaper Components, Natural Fibers, and Kitty Litter from Recycled Nappies

INDA, the Association of the Nonwoven Fabrics Industry, announced the three finalists that will present their innovative material science solutions as they compete for the prestigious RISE® Innovation Award during the 12th edition of the Research, Innovation & Science for Engineered Fabrics Conference (RISE®) to be held in person September 27-28, 2022 at North Carolina State University.  The award recognizes novel innovations within and on the periphery of the nonwovens industry that creatively use next-level science and engineering principles to solve material challenges and expand the usage of nonwovens and engineered fabrics.

  • Innovations in Recycling and Sustainability: Sustainable Diaper Components, Natural Fibers, and Kitty Litter from Recycled Nappies

INDA, the Association of the Nonwoven Fabrics Industry, announced the three finalists that will present their innovative material science solutions as they compete for the prestigious RISE® Innovation Award during the 12th edition of the Research, Innovation & Science for Engineered Fabrics Conference (RISE®) to be held in person September 27-28, 2022 at North Carolina State University.  The award recognizes novel innovations within and on the periphery of the nonwovens industry that creatively use next-level science and engineering principles to solve material challenges and expand the usage of nonwovens and engineered fabrics.

Finalists for the 2022 RISE® Innovation Award:
Cat Litter Made from Recycled Nappies – DiaperRecycle
DiaperRecycle has developed technology to recycle used diapers into cat litter. The aim of the company is to make an environmental impact and decrease the climate changing emissions of diaper waste. They’re diverting used diapers (used in households and businesses such as elder care) from landfill, separating the plastic and fiber and making cat litter. The plastic is prepared for recycling by plastics recyclers. The cat litter product is made by DiaperRecycle from the super absorbent fiber of diapers; it’s highly absorbent and flushable.

Biodegradable Diaper Components – Gottlieb Binder GmbH & Co. KG
Together, Avgol and Binder take on the challenge of disposable absorbent articles for the good of future generations and came up with sustainable diaper components. The technologies used are based on biotransformation technology, which makes it possible to achieve more sustainable products by supporting recycling and providing an alternative route for non-recyclable/fugitive waste management.

sero® hemp fibers – Bast Fibre Technologies, Inc.
Bast Fibre Technologies’ sero® hemp fibers offer the nonwoven industry an all-natural substitute for plastic fibers. From dedicated European- and US-based production facilities, BFT transforms raw bast fibers into premium natural fibers for applications ranging from single-use and durable wipes to industrial applications. Suitable for minority or majority blends, sero® hemp combines easily with standard nonwoven fibers to produce fabrics that meet the industry requirements for strength, uniformity, and processing efficiency.

RISE® conference attendees, technology scouts and product developers in the nonwoven/engineered fabrics industry seeking new developments to advance their businesses, will electronically vote for the recipient of the 2022 RISE® Innovation Award. The winner will be announced Wed., Sept. 28th.

Technical experts on INDA’s Technical Advisory Board selected three finalists from among 12 nominations.  The 22-member board of technical professionals is represented by companies such as Absorbent Hygiene Insights LLC, Attindas Hygiene Partners, Berry Global, Cotton Incorporated, Crown Abbey, LLC, The DAK Group, Fi-Tech, Inc. Freudenberg Performance Materials, Glatfelter Sontara Old Hickory, Inc., Lenzing Fibers, Inc., Natureworks LLC, Nice-Pak Products, Inc./PDI, Nonwovens by Design, Norafin (Americas) Inc., The Nonwovens Institute at North Carolina State University, Poccia Consulting, LLC, The Procter & Gamble Company, RKW North America, Inc., Rockline Industries, Smith, Johnson & Associates, Suominen Corporation, and Texas Tech University.

“The RISE Conference recognizes and promotes innovation across the nonwoven and engineered material industry. Technology leaders will share invaluable information on innovative new approaches and concepts to resolve material science challenges. For any technical leader, technology scout or new product innovator, RISE is an event not to be missed,” said Tony Fragnito, INDA’s President.

The conference program will cover relevant and timely topics including: Creating a Circular Industry, Advancements in Sustainable Inputs in PLA, Developments in Natural Fibers I and II, Sustainable Inputs in Fibers and Biofibers, Sustainable Inputs from Waste Products, and Economic Insights and Market Intelligence.

More information:
INDA RISE®
Source:

INDA

23.08.2022

Lenzing: Transition to green electricity in Indonesia

  • Gradual transformation of production capacities to LENZING™ ECOVERO™ and VEOCEL™ branded specialty viscose

The Lenzing Group, provider of wood-based specialty fibers, is expanding its global clean electricity portfolio and transitioning its production site in Purwakarta to green electricity. The Indonesian subsidiary PT. South Pacific Viscose (SPV) has been using electricity generated solely from renewable sources since July this year, which will reduce its specific carbon emissions by 75,000 tonnes annually.

In 2019, Lenzing became the first fiber producer to set a target of halving its carbon emissions by 2030 and becoming climate neutral by 2050. This carbon reduction target has been recognized by the Science Based Targets Initiative. In Purwakarta, Lenzing is currently investing in the reduction of carbon emissions, as well as air and water emissions. Thanks to its EUR 100 million investment in this area, Lenzing is gradually transitioning its existing capacities for standard viscose to LENZING™ ECOVERO™ and VEOCEL™ branded specialty viscose.

  • Gradual transformation of production capacities to LENZING™ ECOVERO™ and VEOCEL™ branded specialty viscose

The Lenzing Group, provider of wood-based specialty fibers, is expanding its global clean electricity portfolio and transitioning its production site in Purwakarta to green electricity. The Indonesian subsidiary PT. South Pacific Viscose (SPV) has been using electricity generated solely from renewable sources since July this year, which will reduce its specific carbon emissions by 75,000 tonnes annually.

In 2019, Lenzing became the first fiber producer to set a target of halving its carbon emissions by 2030 and becoming climate neutral by 2050. This carbon reduction target has been recognized by the Science Based Targets Initiative. In Purwakarta, Lenzing is currently investing in the reduction of carbon emissions, as well as air and water emissions. Thanks to its EUR 100 million investment in this area, Lenzing is gradually transitioning its existing capacities for standard viscose to LENZING™ ECOVERO™ and VEOCEL™ branded specialty viscose.

“Demand for our wood-based, biodegradable specialty fibers is constantly rising. We see enormous growth potential, especially in Asia. The switch to green, renewable electricity marks a huge step forward in converting our Indonesian site into a specialty fiber supplier. This makes us better positioned to meet the growing demand for sustainably produced fibers,” comments Robert van de Kerkhof, Chief Commercial Officer for Fiber at Lenzing.


The company aims to generate more than 75 percent of its fiber revenue from the wood-based, biodegradable specialty fibers business under the TENCEL™, LENZING™ ECOVERO™ and VEOCEL™ brands by 2024. With the launch of the lyocell plant in Thailand in March 2022 and the investments in existing production sites in Indonesia and China, the share of specialty fibers in Lenzing’s fiber revenue is set to exceed the 75 percent target by a significant margin as early as 2023.

Source:

Lenzing AG

03.08.2022

Lenzing: Deutliches Umsatzplus im ersten Halbjahr

  • Umsatzerlöse um mehr als 25 Prozent gesteigert, Ergebnisentwicklung durch deutlich gestiegene Energie-, Rohstoff- und Logistikkosten beeinflusst
  • Schlüsselprojekte in Thailand und Brasilien in Betrieb genommen
  • Weiterentwicklung der Unternehmensstrategie mit Fokus auf profitablem Wachstum und beschleunigter Transformation zu Kreislaufmodell
  • Lenzing verfolgt Ziel gruppenweiter Klimaneutralität
  • Ergebnisprognose für 2022 bestätigt: EBITDA deutlich über dem Niveau von 2021 erwartet

Die Umsatzerlöse der Lenzing Gruppe stiegen im ersten Halbjahr 2022 primär aufgrund höherer Faserpreise um 25,2 Prozent gegenüber dem Vorjahreszeitraum auf EUR 1,29 Mrd. Die Ergebnisentwicklung spiegelt im Wesentlichen die Kostenentwicklung an den globalen Energie- und Rohstoffmärkten, von der die gesamte verarbeitende Industrie betroffen war, wider. Die Energie-, Rohstoff- und Logistikkosten erhöhten sich in der Berichtsperiode noch einmal drastisch, nachdem der Kostendruck schon über das gesamte Geschäftsjahr 2021 stetig gestiegen war.

  • Umsatzerlöse um mehr als 25 Prozent gesteigert, Ergebnisentwicklung durch deutlich gestiegene Energie-, Rohstoff- und Logistikkosten beeinflusst
  • Schlüsselprojekte in Thailand und Brasilien in Betrieb genommen
  • Weiterentwicklung der Unternehmensstrategie mit Fokus auf profitablem Wachstum und beschleunigter Transformation zu Kreislaufmodell
  • Lenzing verfolgt Ziel gruppenweiter Klimaneutralität
  • Ergebnisprognose für 2022 bestätigt: EBITDA deutlich über dem Niveau von 2021 erwartet

Die Umsatzerlöse der Lenzing Gruppe stiegen im ersten Halbjahr 2022 primär aufgrund höherer Faserpreise um 25,2 Prozent gegenüber dem Vorjahreszeitraum auf EUR 1,29 Mrd. Die Ergebnisentwicklung spiegelt im Wesentlichen die Kostenentwicklung an den globalen Energie- und Rohstoffmärkten, von der die gesamte verarbeitende Industrie betroffen war, wider. Die Energie-, Rohstoff- und Logistikkosten erhöhten sich in der Berichtsperiode noch einmal drastisch, nachdem der Kostendruck schon über das gesamte Geschäftsjahr 2021 stetig gestiegen war. Das Betriebsergebnis vor Abschreibungen (EBITDA) ging daher um 13,3 Prozent im Vergleich zum Vorjahr auf EUR 188,9 Mio. zurück.

Die Stärke der Spezialitätenstrategie und der Marken basierend auf Innovation und nachhaltigem Handeln sowie der anhaltende Fokus auf Maßnahmen zur strukturellen Ergebnisverbesserung in allen Regionen minderten diesen negativen Effekt. Die EBITDA-Marge verringerte sich im ersten Halbjahr von 21,1 auf 14,6 Prozent. Das Periodenergebnis ging um 24,8 Prozent auf EUR 72,3 Mio. zurück, das Ergebnis je Aktie lag bei EUR 2,36 (nach EUR 3,06 im ersten Halbjahr 2021).

Der Brutto-Cashflow verringerte sich im ersten Halbjahr 2022 um 14,9 Prozent auf EUR 169,7 Mio. Dieser Rückgang ist vor allem auf die Ergebnisentwicklung zurückzuführen. Der Cashflow aus der Betriebstätigkeit lag aufgrund des gestiegenen Working Capital bei EUR 15,2 Mio. (nach EUR 199,8 Mio. im ersten Halbjahr 2021). Der Free Cashflow lag insbesondere aufgrund der Investitionstätigkeit im Rahmen der Projekte in Thailand und Brasilien bei EUR minus 372,7 Mio. (nach EUR minus 224,3 Mio. im ersten Halbjahr 2021). Die Investitionen in immaterielle Anlagen, Sachanlagen und biologische Vermögenswerte (CAPEX) gingen um 8,7 Prozent auf EUR 389 Mio. zurück. Das anhaltend hohe Niveau des Investitionsvolumens ist primär auf die Fertigstellung der beiden Schlüsselprojekte zurückzuführen.

Personelle Änderungen in Vorstand und Aufsichtsrat
Im März 2022 gab der Lenzing Aufsichtsrat die Bestellung von Stephan Sielaff zum neuen Vorstandsvorsitzenden der Lenzing Gruppe bekannt. Sielaff folgte per 01. April 2022 auf Cord Prinzhorn, der im vierten Quartal 2021 den Vorstandsvorsitz interimistisch übernommen hatte. Der Vorstand wird damit von fünf auf vier Personen reduziert. Finanzvorstand Thomas Obendrauf steht für eine weitere Verlängerung seines im Juni 2022 auslaufenden Vertrages nicht mehr zur Verfügung. Der Lenzing Aufsichtsrat arbeitet derzeit an einer Nachbesetzung. Bis zum Eintritt eines Nachfolgers wird Stephan Sielaff die Aufgaben des Finanzvorstands interimistisch ausüben, Thomas Obendrauf dem Unternehmen beratend zur Seite stehen.

Das Vorstandsmandat von Chief Pulp Officer Christian Skilich wurde vorzeitig um weitere drei Jahre bis 31. Mai 2026 verlängert. Personelle Änderungen gab es auch im Lenzing Aufsichtsrat. Cord Prinzhorn übernahm den Vorsitz von Peter Edelmann, der auf eigenen Wunsch per 26. April 2022 aus dem Aufsichtsrat ausschied.

Source:

Lenzing AG

28.07.2022

Lenzing partners with Red Points to fight counterfeits

  • Collaboration with Red Points addresses consumers’ increasing expectations on transparency and highlights Lenzing’s commitment to trademark protection
  • Protects interest of Lenzing customer and partners who are making real efforts to enhance the transparency of their value chains
  • Builds upon Lenzing’s overall brand protection efforts that verify the authenticity of fibers up to the end products

Lenzing Group, a global producer of wood-based specialty fibers, has announced a partnership with Red Points, a company in online IP infringement detection and removal, to strengthen Lenzing’s existing brand protection efforts globally and enable round-the-clock brand monitoring services. As Lenzing’s textile brands TENCEL™, LENZING™, ECOVERO™, as well as nonwovens brand VEOCEL™ continue to generate widespread demand from industry partners and customers worldwide, it is becoming increasingly important to protect the company’s trademarks and provide full visibility into the brands’ presence online.

  • Collaboration with Red Points addresses consumers’ increasing expectations on transparency and highlights Lenzing’s commitment to trademark protection
  • Protects interest of Lenzing customer and partners who are making real efforts to enhance the transparency of their value chains
  • Builds upon Lenzing’s overall brand protection efforts that verify the authenticity of fibers up to the end products

Lenzing Group, a global producer of wood-based specialty fibers, has announced a partnership with Red Points, a company in online IP infringement detection and removal, to strengthen Lenzing’s existing brand protection efforts globally and enable round-the-clock brand monitoring services. As Lenzing’s textile brands TENCEL™, LENZING™, ECOVERO™, as well as nonwovens brand VEOCEL™ continue to generate widespread demand from industry partners and customers worldwide, it is becoming increasingly important to protect the company’s trademarks and provide full visibility into the brands’ presence online.

Protecting the interest of Lenzing’s partners and consumers
Red Points provides the ideal technology solution to help Lenzing monitor and remove unauthorized use of its trademarks and counterfeits online. The technology works by using Artificial Intelligence (AI) to automatically detect intellectual property infringements of Lenzing’ trademarks with high accuracy and efficiency.

Brand protection is just one of Lenzing’s ongoing proactive measures aimed at enhancing transparency in the supply chain and protecting the interest of Lenzing’s partners by ensuring they are purchasing genuine Lenzing fibers which meet their high standards.

In 2018, Lenzing launched the Lenzing E-Branding Service which allows Lenzing’s customers, retailers and brand partners to effectively use trademarks in their marketing materials. The platform has been welcomed by partners globally as it continues to deliver value to the fashion, textile and nonwoven sectors by facilitating the traceability of Lenzing’s fibers and enabling customers to promote them effectively.

Source:

Lenzing AG

22.06.2022

Lenzing AG revises its dividend policy

Minimum dividend of EUR 4.50 per share as of the 2023 financial year

Having concluded its strategy update, the Managing Board of Lenzing AG decided to revise its dividend policy today. This demonstrates Lenzing’s confidence in its ambitious growth plans and its ability to consistently providing attractive dividends to shareholders.

As of the 2023 financial year (with payment scheduled for 2024), Lenzing plans to pay an annual dividend of at least EUR 4.50 per share (adjusted for inflation for the years thereafter). The revised dividend policy is subject to the approval of the Supervisory Board.

The payment of the dividend in any year will be subject to the specific dividend proposals of the Managing Board and the Supervisory Board. These proposals may deviate from the new dividend policy if appropriate under the then prevailing circumstances and will be subject to the approval of the Annual General Meeting.

Minimum dividend of EUR 4.50 per share as of the 2023 financial year

Having concluded its strategy update, the Managing Board of Lenzing AG decided to revise its dividend policy today. This demonstrates Lenzing’s confidence in its ambitious growth plans and its ability to consistently providing attractive dividends to shareholders.

As of the 2023 financial year (with payment scheduled for 2024), Lenzing plans to pay an annual dividend of at least EUR 4.50 per share (adjusted for inflation for the years thereafter). The revised dividend policy is subject to the approval of the Supervisory Board.

The payment of the dividend in any year will be subject to the specific dividend proposals of the Managing Board and the Supervisory Board. These proposals may deviate from the new dividend policy if appropriate under the then prevailing circumstances and will be subject to the approval of the Annual General Meeting.

More information:
dividend Lenzing AG
Source:

Lenzing AG

15.06.2022

Lenzing partners with TfS to build global sustainable supply chains

  • Lenzing continues to focus on partnering for systemic change

  • Clear commitment to improving the environmental footprint of textile and nonwoven industries

  • Global initiative TfS promotes sustainable design of global supply chains

The Lenzing Group, a world-leading provider of wood-based specialty fibers for the global textile and nonwoven industries, has joined the chemical industry’s sustainable supply chain initiative, Together for Sustainability (TfS). Together with Lenzing, numerous internationally active chemical companies have joined the initiative. Their common goal is to make the global supply chains of the chemical industry sustainable.

  • Lenzing continues to focus on partnering for systemic change

  • Clear commitment to improving the environmental footprint of textile and nonwoven industries

  • Global initiative TfS promotes sustainable design of global supply chains

The Lenzing Group, a world-leading provider of wood-based specialty fibers for the global textile and nonwoven industries, has joined the chemical industry’s sustainable supply chain initiative, Together for Sustainability (TfS). Together with Lenzing, numerous internationally active chemical companies have joined the initiative. Their common goal is to make the global supply chains of the chemical industry sustainable.

“Joining the TfS initiative is another clear commitment to improving the environmental footprint of the global textile and nonwoven industries and proves that sustainability is taken very seriously at Lenzing – so much so that sustainability is at the heart of our business strategy. So much so, it sits at the core of the Group’s business strategy. The industry needs innovation in order to transition from linear to circular ways of working, and Lenzing will continue to partner across the supply chain to bring this vision to life,” says Robert van de Kerkhof, Chief Commercial Officer Fiber at Lenzing.

Partnering for systemic change
Complex global sustainability challenges require a collaborative approach to developing systemic solutions, involving many stakeholder groups. In order to make the global textile and nonwovens industries more sustainable and bring about systemic change, Lenzing has therefore also been building on partnerships within its sustainability strategy “Naturally Positive” for many years.

“I am very proud to welcome Lenzing to the TfS family, bringing the TfS membership to 37 companies. Together and with our strategic partners we continue to expand our reach and increase our impact on the sustainability performance in chemical supply chains. Given the regulatory landscape, climate challenges and market conditions, the need for sustainable businesses only intensifies. TfS is the crucial enabler to make supply chains and businesses at large more sustainable and contribute to developing a better world”, says TfS President Bertrand Conquéret.

The global TfS initiative follows the principles of the UN Global Compact and Responsible Care.

 

Source:

Lenzing AG

(c) Officina39
18.05.2022

Officina39 with Trustainable™ collection FW 23 at Denim Première Vision

The Italian company presented its newest innovations and synergies, among the introduction of SMART O3, a new Ozone Booster improving the bleaching on indigo, and the educational experience Circular Explorations: Recipe for Change, in collaboration with Adriana Galijasevic’s Cocircular Lab at Denim Première Vision.

The Trustainable™ collection FW 23 presents the SMART 03
For Officina39, “Trustainable” is a term that expresses the company’s approach based on honesty, transparency and social responsibility: this attitude once again characterizes the technologies that have given shape to the Trustainable™ collection FW 23.

The latest technological addition to the line is represented by the new Ozone Booster SMART 03,
which assures more final bluish indigo shades, activating the reaction of Ozone on indigo without any strong oxidizing agent. Better results, less aggressive bleaching.

The Italian company presented its newest innovations and synergies, among the introduction of SMART O3, a new Ozone Booster improving the bleaching on indigo, and the educational experience Circular Explorations: Recipe for Change, in collaboration with Adriana Galijasevic’s Cocircular Lab at Denim Première Vision.

The Trustainable™ collection FW 23 presents the SMART 03
For Officina39, “Trustainable” is a term that expresses the company’s approach based on honesty, transparency and social responsibility: this attitude once again characterizes the technologies that have given shape to the Trustainable™ collection FW 23.

The latest technological addition to the line is represented by the new Ozone Booster SMART 03,
which assures more final bluish indigo shades, activating the reaction of Ozone on indigo without any strong oxidizing agent. Better results, less aggressive bleaching.

Less water, plus sustainability, empowered result
The new collection also marks the debut of Aqualess Fade, a technology that recreates the bleaching effect of chlorine on fabrics, a waterless special compound for the discoloration of denim on indigo/black garments which reduces resource consumption and environmental impact. This newest innovation completes and integrates Aqualess Mission, a combination of technologies that allows garment laundry processes to reduce 75% of the water use.

Officina39 and Adriana Galijasevic join forces
Circular Explorations: Recipe for Change is the collaborative and educational project developed by Officina39 and Adriana Galijasevic’s Cocircular Lab, showcasing the use of waste as a resource and prolonging the life of the garment through color. Several brands (C.P. Company, Tommy for Life/PVH Corp., Organic Basics, Asics, Lenzing and Camo) donated overstock garments as well as second-grade production or damaged, unsold pieces to be updated with newly developed applications made with Officina39’s Recycrom™, patented dyestuffs range made from textile waste.

Source:

Officina39 / Menabò Group srl

(c) Officina39
10.05.2022

Officina39 returns to Bangladesh Denim Expo with latest sustainable developments

Officina39 will attend the Bangladesh Denim Expo in Dhaka on 10-11 May, a new edition after a two-year break, characterized by a focus on sustainability and the central theme "Beyond Business".

Officina39 has been committed for years to the reconversion of the sector’s technologies to an environmental point of view: this attitude is expressed in its latest Trustainable™ collection FW 23, based on the approach of honesty, transparency and social responsibility that drives the company. Officina39 will present Aqualess Fade, a technology just recently presented at Kingpins that recreates the bleaching effect of chlorine on fabrics, a waterless special compound for the discoloration of denim on indigo/black garments which is reducing resource consumption and environmental impact.

Officina39 will attend the Bangladesh Denim Expo in Dhaka on 10-11 May, a new edition after a two-year break, characterized by a focus on sustainability and the central theme "Beyond Business".

Officina39 has been committed for years to the reconversion of the sector’s technologies to an environmental point of view: this attitude is expressed in its latest Trustainable™ collection FW 23, based on the approach of honesty, transparency and social responsibility that drives the company. Officina39 will present Aqualess Fade, a technology just recently presented at Kingpins that recreates the bleaching effect of chlorine on fabrics, a waterless special compound for the discoloration of denim on indigo/black garments which is reducing resource consumption and environmental impact.

Aqualess Fade completes and integrates Aqualess Mission, a combination of technologies that allows garment laundry processes to reduce 75% of the water use. Until now, the process included three eco-friendly technologies: Novascraper Indigo, a laser finishing technique that adds a natural, vintage look to denim garments; OZ-ONE Powder, an advanced product to give garments a bleached yet eco-friendly treatment, for a worn and distressed look; and Aqualess Aged, a waterless compound to give denim abrasion effects. Specifically, this last revolutionizing product has recently marked an important achievement which adds to the company’s sustainable credentials: Officina39 received, for its Aqualess Aged, the DeniSafe® certification of enzyme product(s) by Novozymes for safe production and safe use through dry application.

Bangladesh Denim Expo is also ideal for presenting the results of The Circle Book 2, the second chapter of a collective project gathering ten high-profile players of the textile supply chain. Officina39’s Recycrom™ technology and the expertise of Meidea, Lenzing, Tejidos Rojo, Calik Denim, Ribbontex, Spring85, Dr. Bock Industries, Crafil and RGT have merged together on the development of CULTURE.IN, a circular capsule collection transparently made from recycled and degradable materials: a practical demonstration of how the fashion industry can improve considering social and environmental impacts and goals.

Source:

Officina39 / Menabò Group srl

04.05.2022

Lenzing rides out significant cost pressure to report solid first quarter

Lenzing – In the first quarter of 2022, the Lenzing Group, like the entire manufacturing industry, was significantly affected by the extreme developments in global energy and commodity markets. A predominantly positive market environment and the strategic focus on specialty fibers such as those of the TENCEL™, LENZING™ ECOVERO™ and VEOCEL™ brands nevertheless ensured a solid revenue and earnings trend, with the effect of higher costs being largely offset.

•    Solid revenue and earnings performance despite extremely tight cost situation
•    Personnel changes on the Managing and Supervisory Boards – Stephan Sielaff appointed as the new CEO
•    Successful production start at world’s largest lyocell plant in Thailand
•    World’s largest pulp mill of its kind successfully started-up in Brazil
•    Premium textile brand TENCEL™ celebrates 30 years of sustainable fiber innovation

The Lenzing Interim Report 01-03/2022 is available on the company website.

Lenzing – In the first quarter of 2022, the Lenzing Group, like the entire manufacturing industry, was significantly affected by the extreme developments in global energy and commodity markets. A predominantly positive market environment and the strategic focus on specialty fibers such as those of the TENCEL™, LENZING™ ECOVERO™ and VEOCEL™ brands nevertheless ensured a solid revenue and earnings trend, with the effect of higher costs being largely offset.

•    Solid revenue and earnings performance despite extremely tight cost situation
•    Personnel changes on the Managing and Supervisory Boards – Stephan Sielaff appointed as the new CEO
•    Successful production start at world’s largest lyocell plant in Thailand
•    World’s largest pulp mill of its kind successfully started-up in Brazil
•    Premium textile brand TENCEL™ celebrates 30 years of sustainable fiber innovation

The Lenzing Interim Report 01-03/2022 is available on the company website.

Source:

Lenzing AG

26.04.2022

Lenzing Annual General Meeting approves all agenda items

  • Dividend of EUR 4.35 per share approved
  • Lenzing Supervisory Board reduced from ten to nine elected members
  • Dipl.-Bw. Peter Edelmann steps down from the Supervisory Board at his request
  • Cord Prinzhorn, MBA, elected Chairman of the Supervisory Board

The 78th Annual General Meeting of Lenzing AG on April 26, 2022, passed a resolution to pay a dividend of EUR 4.35 per share in accordance with the Managing Board’s profit distribution proposal, which had been approved by the Supervisory Board. As a consequence, the payment of the dividend amounts to a total of EUR 115,492,500. The payment will be made on May 03, 2022.

  • Dividend of EUR 4.35 per share approved
  • Lenzing Supervisory Board reduced from ten to nine elected members
  • Dipl.-Bw. Peter Edelmann steps down from the Supervisory Board at his request
  • Cord Prinzhorn, MBA, elected Chairman of the Supervisory Board

The 78th Annual General Meeting of Lenzing AG on April 26, 2022, passed a resolution to pay a dividend of EUR 4.35 per share in accordance with the Managing Board’s profit distribution proposal, which had been approved by the Supervisory Board. As a consequence, the payment of the dividend amounts to a total of EUR 115,492,500. The payment will be made on May 03, 2022.

The Annual General Meeting formally discharged the members of the Managing Board and the Supervisory Board from liability for the 2021 financial year, and set in advance the remuneration for the members of the Supervisory Board for the 2022 financial year. In addition, a vote was hold concerning the principles for the remuneration of the members of the Managing Board and the Supervisory Board (remuneration policy). The remuneration policy of Lenzing AG for the performance-based remuneration of the Managing Board is linked not only to financial performance criteria but also to non-financial sustainability criteria (ESG), which further promote the sustainable business strategy.

Elections to the Supervisory Board
Dipl.-Bw. Peter Edelmann stepped down from the Supervisory Board upon his own request, at the end of the Annual General Meeting. Mr. Edelmann has served as a member of the Supervisory Board since 2018 and as its Chairman since 2019, as well as on all committees of Lenzing AG.

The Annual General Meeting passed a resolution to extend the Supervisory Board mandates of Mag. Patrick Prügger (until the AGM that passes related resolutions concerning the 2022 financial year) and of Dr. Astrid Skala-Kuhmann (until the AGM that passes related resolutions concerning the 2025 financial year).

The Supervisory Board of Lenzing AG now consists of nine members elected by the AGM: Mag. Helmut Bernkopf, Dr. Christian Bruch, Dr. Stefan Fida, Dr. Markus Fürst, Dr. Franz Gasselsberger, Melody Harris-Jensbach, Cord Prinzhorn, MBA, Mag. Patrick Prügger and Dr. Astrid Skala-Kuhmann. Herbert Brauneis, Ing. Daniela Födinger, Helmut Kirchmair, Georg Liftinger und Johann Schernberger were appointed to the Supervisory Board by the Works Council.

At the constitutive Supervisory Board meeting following the AGM, Cord Prinzhorn, MBA, who had returned to the Supervisory Board after serving as CEO on an interim basis, was elected Chairman, and Dr. Stefan Fida was elected Deputy Chairman of the Supervisory Board.

Source:

Lenzing AG

06.04.2022

Lenzing presents Online Sustainability Report 2021

  • Lenzing continues to march purposefully towards Group-wide climate neutrality
  • Lenzing recognized as “sustainability champion” several times worldwide – one of only 14 companies awarded “AAA” rating by CDP
  • New, innovative reporting methods – Lenzing presents its Online Sustainability Report for the first time
  • Sustainability Report 2021 based on the results of the updated materiality analysis

Lenzing – The Lenzing Group, the world’s leading supplier of wood-based specialty fibers, released its Sustainability Report 2021 today, April 05, 2022, on the occasion of “Earth Month”. Bearing the title “Linear to Circular”, the report emphasizes the company’s focus on carefully balancing its needs with those of nature in the spirit of the circular economy. The report has been prepared in accordance with the standards of the Global Reporting Initiative (GRI) and the Austrian Sustainability and Diversity Improvement Act (NaDiVeG) and audited by KPMG Austria GmbH Wirtschaftsprüfungs- und Steuerberatungsgesellschaft.

  • Lenzing continues to march purposefully towards Group-wide climate neutrality
  • Lenzing recognized as “sustainability champion” several times worldwide – one of only 14 companies awarded “AAA” rating by CDP
  • New, innovative reporting methods – Lenzing presents its Online Sustainability Report for the first time
  • Sustainability Report 2021 based on the results of the updated materiality analysis

Lenzing – The Lenzing Group, the world’s leading supplier of wood-based specialty fibers, released its Sustainability Report 2021 today, April 05, 2022, on the occasion of “Earth Month”. Bearing the title “Linear to Circular”, the report emphasizes the company’s focus on carefully balancing its needs with those of nature in the spirit of the circular economy. The report has been prepared in accordance with the standards of the Global Reporting Initiative (GRI) and the Austrian Sustainability and Diversity Improvement Act (NaDiVeG) and audited by KPMG Austria GmbH Wirtschaftsprüfungs- und Steuerberatungsgesellschaft.

The Lenzing Sustainability Report 2021 is available on the company website.

More information:
Lenzing AG Sustainability
Source:

Lenzing Aktiengesellschaft

01.04.2022

ÖGUT-Umweltpreis: Lenzing als Champion der Kreislaufwirtschaft ausgezeichnet

Die Lenzing Gruppe, führender Anbieter von holzbasierten Spezialfasern, ist am 31. März, mit dem ÖGUT-Umweltpreis 2022 in der Kategorie „World without Waste“ ausgezeichnet worden. Die Österreichische Gesellschaft für Umwelt und Technik (ÖGUT) würdigte insbesondere den Beitrag der Unternehmensgruppe für den Wandel der Textil- und Bekleidungsindustrie von einem linearen zu einem Modell der Kreislaufwirtschaft.

Die Textil- und Bekleidungsindustrie zählt mit jährlich 40 Millionen Tonnen Abfall zu den Branchen mit der höchsten Umweltbelastung und braucht daher dringend Veränderung. Lenzing hat sich zum Ziel gesetzt, diesen Wandel voranzutreiben, und begrüßt deshalb auch die europäische Kreislaufwirtschaftsstrategie, die darauf abzielt, den Ressourcenverbrauch zu verringern, Umweltverschmutzung und Abfälle zu vermeiden, die Wertschöpfung und Ressourceneffizienz zu erhöhen sowie negative soziale Auswirkungen auf die Menschen abzufedern.

Die Lenzing Gruppe, führender Anbieter von holzbasierten Spezialfasern, ist am 31. März, mit dem ÖGUT-Umweltpreis 2022 in der Kategorie „World without Waste“ ausgezeichnet worden. Die Österreichische Gesellschaft für Umwelt und Technik (ÖGUT) würdigte insbesondere den Beitrag der Unternehmensgruppe für den Wandel der Textil- und Bekleidungsindustrie von einem linearen zu einem Modell der Kreislaufwirtschaft.

Die Textil- und Bekleidungsindustrie zählt mit jährlich 40 Millionen Tonnen Abfall zu den Branchen mit der höchsten Umweltbelastung und braucht daher dringend Veränderung. Lenzing hat sich zum Ziel gesetzt, diesen Wandel voranzutreiben, und begrüßt deshalb auch die europäische Kreislaufwirtschaftsstrategie, die darauf abzielt, den Ressourcenverbrauch zu verringern, Umweltverschmutzung und Abfälle zu vermeiden, die Wertschöpfung und Ressourceneffizienz zu erhöhen sowie negative soziale Auswirkungen auf die Menschen abzufedern.

„Effektives Textilrecycling ist eines der komplexesten Kernthemen der Textilwirtschaft in den nächsten Jahren. Durch Bündelung von Know-how und Zusammenarbeit sehen wir von Lenzing eine zielgerichtete Realisierung von Lösungsmöglichkeiten. Daher freuen wir uns sehr über diese Anerkennung“, sagt Sonja Zak, Head of Circularity Initiative der Lenzing Gruppe.

Die Lenzing Gruppe präsentierte im Rahmen ihrer Einreichung ihr auf nachhaltige Innovationen ausgerichtetes Geschäftsmodell der Kreislaufwirtschaft. Exemplarisch dafür stehen die Einführung der ersten kommerziellen Cellulosefaser mit Recyclinganteil nach der REFIBRA™ Technologie und die zukunftsweisende Kooperation mit Södra.

From Linear to Circular
Die Zusammenarbeit mit dem schwedischen Zellstoffproduzenten Södra ist ein weiterer Meilenstein im Bestreben der Lenzing, deren ambitionierte Klima- und Nachhaltigkeitsziele umzusetzen. Beide Unternehmen, die sich seit vielen Jahren proaktiv für die Förderung der Kreislaufwirtschaft in der Modebranche einsetzen, bündeln ihre Kräfte, um dem Thema einen weiteren Schub zu geben und einen entscheidenden Beitrag zur Lösung des globalen Textilabfallproblems zu leisten. Auch eine Erweiterung der Kapazitäten für die Zellstoffgewinnung aus Alttextilien ist vorgesehen. Ziel ist es, bis 2025 in der Lage zu sein, 25.000 Tonnen Alttextilien pro Jahr zu recyceln.

Der ÖGUT-Umweltpreis wurde 2022 in insgesamt sechs Kategorien vergeben. Ausgezeichnet wurden dabei technologische und soziale Innovationen, die den Energie- und Ressourcenverbrauch senken und zur sozialen Nachhaltigkeit beitragen. „Wichtig für die Entscheidung der Jury war, dass die Lenzing AG auf bestehende Prozesstechnologien aufbaut und dabei gleichzeitig innovativ und skalierbar ist. Da die Lenzing AG bereits am Markt etabliert ist, ist auch eine große Sichtbarkeit des Themas gegeben“, so die Jurybegründung. Die ÖGUT ist eine unabhängige Non-Profit-Organisation, die sich seit mehr als 30 Jahren für eine nachhaltige Ausrichtung von Wirtschaft und Gesellschaft einsetzt.

More information:
Lenzing Gruppe ÖGUT Umweltpreis
Source:

Lenzing AG