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02.04.2025

Board member Walter Bickel leaves Lenzing

The Lenzing Group, a leading provider of regenerated cellulose fibers for the textile and nonwoven industries, announces personnel changes in the company’s Managing Board. The Supervisory Board of Lenzing AG and Dr. Walter Bickel, Chief Transformation Officer of Lenzing AG, have mutually agreed to end the temporary mandate of Mr. Bickel and that Mr. Bickel will step down from his operational activities at the end of March 2025.

Mr. Bickel was appointed to the Managing Board of Lenzing AG as of April 15, 2024 to strengthen the Lenzing Managing Board and to be responsible for the further development and implementation of the performance program. Under his leadership, a significant overachievement of the planned contributions from the performance program could be realized. The basis for future significant improvement steps is established, and the program has been structured in a way that it can now be continued by Lenzing AG seamlessly.

The Lenzing Group, a leading provider of regenerated cellulose fibers for the textile and nonwoven industries, announces personnel changes in the company’s Managing Board. The Supervisory Board of Lenzing AG and Dr. Walter Bickel, Chief Transformation Officer of Lenzing AG, have mutually agreed to end the temporary mandate of Mr. Bickel and that Mr. Bickel will step down from his operational activities at the end of March 2025.

Mr. Bickel was appointed to the Managing Board of Lenzing AG as of April 15, 2024 to strengthen the Lenzing Managing Board and to be responsible for the further development and implementation of the performance program. Under his leadership, a significant overachievement of the planned contributions from the performance program could be realized. The basis for future significant improvement steps is established, and the program has been structured in a way that it can now be continued by Lenzing AG seamlessly.

The Lenzing Group’s holistic performance program pursues the overarching goal of significantly increasing long-term resilience to crises and greater agility in order to respond to market changes. The program initiatives are primarily aimed at improving EBITDA and generating free cash flow through increased profitability and sustainable cost excellence. Numerous activities are being undertaken to strengthen sales, such as acquiring new customers for the most important fiber types and expanding into new markets, which are already having a positive impact on sales. In addition, the Managing Board expects significant cost savings, of which more than EUR 130 m could already be realized in 2024.

In addition to the positive effects in the 2024 financial year on revenue development (+5.7 % increase in revenue compared to 2023) and earnings development (+30.4 % increase in EBITDA compared to 2023), the performance program also improved free cash flow to EUR 167.0 mn (compared to minus EUR 122.8 mn in 2023). Lenzing AG will continue to consistently implement the ongoing performance program with the aim of achieving annualized cost savings of over EUR 180 mn from the 2025 financial year onwards.

Source:

Lenzing AG

Lenzing AG at the Hannover Messe 2025 (c) Alexandre Collon / Lenzing AG
31.03.2025

Lenzing AG at Hannover Messe 2025

The Lenzing Group, a leading supplier of regenerated cellulose fibers for the textile and nonwovens industries, will be presenting its sustainable innovations at Hannover Messe 2025, the world’s leading trade fair for the industry, from March 31 to April 4. As a co-exhibitor at the EU Commission’s stand, the leading integrated fiber group is representing a European flagship company in the clean industry.

Lenzing is currently the only producer of regenerated cellulosic fibers with a verified, science-based net-zero target. Lenzing is also proactively developing and promoting innovation to provide economically viable and scalable solutions to the global textile waste problem and accelerate the transition to a circular economy model.

A current example of Lenzing’s pioneering work in this field is the CELLFIL project, which was launched in 2024 and is co-funded by the EU with EUR 6.9 mn. As part of this project, Lenzing is working with the non-profit organization RTDS Group and 13 other partners from research and industry to promote the scaling of lyocell filaments.

The Lenzing Group, a leading supplier of regenerated cellulose fibers for the textile and nonwovens industries, will be presenting its sustainable innovations at Hannover Messe 2025, the world’s leading trade fair for the industry, from March 31 to April 4. As a co-exhibitor at the EU Commission’s stand, the leading integrated fiber group is representing a European flagship company in the clean industry.

Lenzing is currently the only producer of regenerated cellulosic fibers with a verified, science-based net-zero target. Lenzing is also proactively developing and promoting innovation to provide economically viable and scalable solutions to the global textile waste problem and accelerate the transition to a circular economy model.

A current example of Lenzing’s pioneering work in this field is the CELLFIL project, which was launched in 2024 and is co-funded by the EU with EUR 6.9 mn. As part of this project, Lenzing is working with the non-profit organization RTDS Group and 13 other partners from research and industry to promote the scaling of lyocell filaments.

Since 2021, Lenzing has been working with Swedish pulp producer Södra to jointly develop new processes for recycling used textiles on an industrial scale. The project was supported in 2023 as part of the LIFE 2022 program with a grant of EUR 10 mn from the EU.

Another example of Lenzing’s innovative strength is the project “Glacial Threads: From Forests to Future Textiles”, which combines glacier protection and textile recycling and will be presented at HANNOVER MESSE 2025.

Source:

Lenzing AG

Graphic: Lenzing AG
20.03.2025

Lenzing presents Young Scientist Award to young talents

The Lenzing Group is presenting the Lenzing Young Scientist Award at the Dornbirn Global Fiber Congress (GFC) from September 10 to 12, 2025 for bachelor, master and doctoral students who develop innovative solutions to ecological challenges in the fiber and textile industry. The deadline for applications is June 30, 2025. The best thesis by Bachelor's and Master's students will receive a prize of EUR 3,000, while the best doctoral thesis will receive EUR 5,000.

The Lenzing Group is presenting the Lenzing Young Scientist Award at the Dornbirn Global Fiber Congress (GFC) from September 10 to 12, 2025 for bachelor, master and doctoral students who develop innovative solutions to ecological challenges in the fiber and textile industry. The deadline for applications is June 30, 2025. The best thesis by Bachelor's and Master's students will receive a prize of EUR 3,000, while the best doctoral thesis will receive EUR 5,000.

For the fourth time, the Lenzing Group honors young researchers with the Lenzing Young Scientist Award for excellent research work in the fiber and textile sector. The Dornbirn-GFC, as a platform for international exchange of experience in the field of fibers, offers an ideal stage for this research competition. Bachelor's and Master's students can submit their scientific work under the guiding theme “Unlimited inspiration from nature: Together we research sustainable innovations based on cellulose, including regenerated cellulose fibers and films, as well as cellulose composites” and face a jury of renowned experts from the industry. The aim is to support students who inspire the industry with their research results and create a platform for networking with the textile and fiber industry.

Austrian Fibers Institute as organizer of the Dornbirn GFC
For the 64th time, the Austrian Fiber Institute is organizing the Dornbirn Fiber Congress on a non-profit basis and will provide the framework for presenting the Lenzing Young Scientist Award from September 10 to 12, 2025. The Austrian Fiber Institute, based in Vienna, was founded in 1960 by fiber producers and the Austrian textile industry to promote the market launch of fibers and their products. The Fiber Institute also offers the opportunity to exchange information and experience about fibers and supports contact with educational institutions. The GFC focuses on an international exchange of experience in close coordination with the umbrella organization CIRFS in Brussels and deals with topics relevant to the future, such as fiber innovations, sustainability and the circular economy.

Applicants for the Lenzing Young Scientist Award have the opportunity to submit their work (theses, papers, etc.) in English until June 30, 2025 to the following e-mail address: YSA2025@lenzing.com. Further information can be found online at https://www.lenzing.com/young-scientist-award.

Source:

Lenzing AG

Naïf Babytücher aus Lenzings VEOCEL™ Fasern (c) Naïf
28.08.2024

Naïf Babytücher aus Lenzings VEOCEL™ Fasern

Im Rahmen ihrer Kooperation produzieren Naïf und VEOCEL™ ökologisch verantwortungsvolle Feuchttücher für Babys und Kinder. Die Feuchttücher werden aus holzbasierten VEOCEL™ Fasern hergestellt, enthalten pflegende und natürliche Inhaltsstoffe wie zum Beispiel Aloe Vera und sind ohne Zusatz von Alkohol oder Parfum.

Wenn es um Feuchttücher geht, beinhaltet ein Großteil der Produkte auf Erdöl basierte, synthetische Fasern. Naïf Feuchttücher hingegen sind plastikfrei und bestehen aus cellulosischen VEOCEL™ Fasern, die aus dem natürlichen Rohstoff Holz gewonnen werden. Das dabei verwendete Holz ist zertifiziert und stammt aus nachhaltig bewirtschafteten Wäldern. Die Herstellung der VEOCEL™ Fasern erfolgt in einem umweltschonenden Produktionsprozess mit geringen ökologischen Auswirkungen – dies gelingt dank Emissionsrückgewinnungs- und -aufbereitungssystemen sowie kontinuierlichen Bemühungen zur Reduzierung der Kohlenstoffemissionen.

Im Rahmen ihrer Kooperation produzieren Naïf und VEOCEL™ ökologisch verantwortungsvolle Feuchttücher für Babys und Kinder. Die Feuchttücher werden aus holzbasierten VEOCEL™ Fasern hergestellt, enthalten pflegende und natürliche Inhaltsstoffe wie zum Beispiel Aloe Vera und sind ohne Zusatz von Alkohol oder Parfum.

Wenn es um Feuchttücher geht, beinhaltet ein Großteil der Produkte auf Erdöl basierte, synthetische Fasern. Naïf Feuchttücher hingegen sind plastikfrei und bestehen aus cellulosischen VEOCEL™ Fasern, die aus dem natürlichen Rohstoff Holz gewonnen werden. Das dabei verwendete Holz ist zertifiziert und stammt aus nachhaltig bewirtschafteten Wäldern. Die Herstellung der VEOCEL™ Fasern erfolgt in einem umweltschonenden Produktionsprozess mit geringen ökologischen Auswirkungen – dies gelingt dank Emissionsrückgewinnungs- und -aufbereitungssystemen sowie kontinuierlichen Bemühungen zur Reduzierung der Kohlenstoffemissionen.

Das Unternehmen Naïf wurde mit dem Ziel gegründet, Pflegeprodukte zu entwickeln, die der Haut von Babys und Kindern das geben, was sie braucht: Inhaltsstoffe bester Qualität, ohne Chemie und unnötige Zusatzstoffe. Mit dem Einsatz von VEOCEL™ Fasern will Naïf auch einen Wandel in der Industrie anstoßen und beweisen, dass es umweltfreundliche Wege gibt, Hautpflegeprodukte für Kinder herzustellen.

More information:
Lenzing Naïf Tücher VEOCEL™
Source:

Lenzing Gruppe / movea marketing GmbH & Co KG

14.08.2024

Lenzing: Platinum status in EcoVadis CSR rating

The Lenzing Group has been awarded platinum status in the EcoVadis CSR rating. The rating comprehensively covers the four most important practices in the area of corporate social responsibility: environment, fair working conditions and human rights, ethics, and sustainable procurement.

For the fourth time in a row, Lenzing has been awarded platinum status by EcoVadis. This puts Lenzing in the top one percent of companies rated by EcoVadis worldwide. Lenzing achieved the greatest progress this year in the categories of sustainable procurement and ethics. Lenzing also outperformed the previous year in the areas of labor and human rights as well as certifications. Since its foundation in 2007, EcoVadis has developed into on of the largest and most trusted providers of sustainability ratings for companies and has created a global network of more than 130,000 rated companies worldwide. The methodological framework evaluates companies' policies, measures and activities, as well as their published reports on the environment, labor and human rights, ethics, and sustainable procurement.

The Lenzing Group has been awarded platinum status in the EcoVadis CSR rating. The rating comprehensively covers the four most important practices in the area of corporate social responsibility: environment, fair working conditions and human rights, ethics, and sustainable procurement.

For the fourth time in a row, Lenzing has been awarded platinum status by EcoVadis. This puts Lenzing in the top one percent of companies rated by EcoVadis worldwide. Lenzing achieved the greatest progress this year in the categories of sustainable procurement and ethics. Lenzing also outperformed the previous year in the areas of labor and human rights as well as certifications. Since its foundation in 2007, EcoVadis has developed into on of the largest and most trusted providers of sustainability ratings for companies and has created a global network of more than 130,000 rated companies worldwide. The methodological framework evaluates companies' policies, measures and activities, as well as their published reports on the environment, labor and human rights, ethics, and sustainable procurement.

In line with its "Naturally Positive" sustainability strategy, the Lenzing Group has set ambitious targets in each of its core strategic areas to further strengthen its transition from a linear to a circular economy model. Every year, Lenzing provides updates on its sustainability initiatives and the progress made in its annual sustainability report. This level of commitment and transparency was also positively emphasized by EcoVadis in its assessment.

31.07.2024

Lenzing: Project CELLFIL for transformation of the textile value chain

The Lenzing Group is working with the non-profit organisation RTDS Group and 13 other partners from research and industry to promote the scaling of lyocell filaments as part of the CELLFIL project. Co-funded by the EU with EUR 6.9 million, the project aims to drive the reformation of the textile industry towards greater sustainability and a circular economy.

The Lenzing Group is working with the non-profit organisation RTDS Group and 13 other partners from research and industry to promote the scaling of lyocell filaments as part of the CELLFIL project. Co-funded by the EU with EUR 6.9 million, the project aims to drive the reformation of the textile industry towards greater sustainability and a circular economy.

The Austrian organisation RTDS has launched the CELLFIL project with great vision. In close cooperation with Lenzing Group, which is at the technical helm of the project, CELLFIL aims to reform the textile industry. The centrepiece of the project is the sustainable and robust production of lyocell filaments. By optimising the entire fabric production process and its intermediate processing steps, the aim is to replace synthetic fibers with environmentally friendly lyocell filaments in recyclable end applications. This approach aims to develop and utilise alternative raw material sources for textiles. The realisation of these goals is crucial for scaling up lyocell filament production and promoting a circular economy that represents an environmentally friendly alternative to the currently dominant fossil-based synthetic filaments.

CELLFIL is part of the EU research and innovation program Horizon Europe and is supported by 15 partners from eight different countries. EUR 6.9 million from the European Union's Horizon Europe program has been made available for the implementation of this initiative. The European Commission has presented a visionary roadmap for the future of textiles, aiming for a circular economy in which all textiles on the EU market are durable, repairable and recyclable. This underlines Europe's commitment to sustainable innovation and a greener future in the textile sector.

Source:

Lenzing AG

12.06.2024

Lenzing welcomes new shareholder Suzano S/A

The Lenzing Group learned that Lenzing's main shareholder B&C Group and the Brazilian pulp producer Suzano S/A have signed a long-term partnership in connection with the majority stake in Lenzing. As part of this agreement, Suzano S/A will take over a 15 percent stake in Lenzing AG from B&C Group. Suzano is the world's largest pulp producer based in Sao Paolo and recently achieved annual sales of more than EUR 7 billion.

Lenzing's management welcomes the proposed transaction and looks forward working with another core shareholder.

The Lenzing Group learned that Lenzing's main shareholder B&C Group and the Brazilian pulp producer Suzano S/A have signed a long-term partnership in connection with the majority stake in Lenzing. As part of this agreement, Suzano S/A will take over a 15 percent stake in Lenzing AG from B&C Group. Suzano is the world's largest pulp producer based in Sao Paolo and recently achieved annual sales of more than EUR 7 billion.

Lenzing's management welcomes the proposed transaction and looks forward working with another core shareholder.

Source:

Lenzing AG

08.05.2024

Lenzing: Revenue and earnings growth in first quarter of 2024

  • Revenue up 5.7 percent year-on-year to EUR 658.4 million
  • EBITDA more than doubles year-on-year to EUR 71.4 million
  • Free cash flow of EUR 87.3 million (compared with minus EUR 132.3 million in the first quarter of 2023) and thereby positive for the third consecutive quarter
  • Performance program shows positive effect on revenue, EDITDA, and free cash flow
  • Lenzing confirms EBITDA guidance for 2024

The Lenzing Group, a leading supplier of regenerated cellulose for the textile and nonwovens industries, recorded a further improvement in fiber sales volumes in the first quarter of 2024. An expected recovery in markets relevant for Lenzing has to date failed to materialize. Fiber prices remained at a low level. Although the costs of raw materials and energy continued to decrease, they remained higher than in the pre-crisis 2019 year.

  • Revenue up 5.7 percent year-on-year to EUR 658.4 million
  • EBITDA more than doubles year-on-year to EUR 71.4 million
  • Free cash flow of EUR 87.3 million (compared with minus EUR 132.3 million in the first quarter of 2023) and thereby positive for the third consecutive quarter
  • Performance program shows positive effect on revenue, EDITDA, and free cash flow
  • Lenzing confirms EBITDA guidance for 2024

The Lenzing Group, a leading supplier of regenerated cellulose for the textile and nonwovens industries, recorded a further improvement in fiber sales volumes in the first quarter of 2024. An expected recovery in markets relevant for Lenzing has to date failed to materialize. Fiber prices remained at a low level. Although the costs of raw materials and energy continued to decrease, they remained higher than in the pre-crisis 2019 year.

Outlook
Even though the IMF has upgraded its growth forecast for 2024 from 3.1 percent to 3.2 percent, a number of risks remain for the global economy: potential geopolitical shocks, persistently higher inflation and key interest rates, as well as market risks emanating from the Chinese real estate market are currently considered to be the most relevant.

General inflation and falling incomes in real terms are continuing to exert a negative impact on consumer sentiment. A recovery in the consumer clothing market, which is important for Lenzing, will also depend on a further normalization of stock levels.

The currency environment is expected to remain volatile in regions relevant to Lenzing.

In the trend-setting market for cotton, a stable price trend is expected for the 2023/2024 harvest season.

Earnings visibility remains limited overall.

Revenue and earnings in the first quarter exceeded Lenzing’s expectations, despite the persistently difficult market. Lenzing is ahead of schedule with the implementation of its performance program. By appointing a separate Managing Board member, the projects identified to date are to be implemented even more rapidly, and new potentials are to be leveraged. Lenzing expects that these measures will increasingly contribute to further earnings improvement over the coming quarters compared to the first quarter of 2024.

Taking the aforementioned factors into consideration, the Lenzing Group confirms its guidance for the 2024 financial year of year-on-year higher EBITDA.

In structural terms, Lenzing continues to anticipate growth in demand for environmentally responsible fibers for the textile and clothing industry as well as the hygiene and medical sectors. As a consequence, Lenzing is well positioned with its “Better Growth” strategy and plans to continue driving growth with specialty fibers as well as its sustainability goals, including the transformation from a linear to a circular economy model.

Source:

Lenzing Group

06.05.2024

Lenzing: Outstanding results for social sustainability

The Lenzing Group has achieved outstanding results in the Higg Facility Social & Labor Module (FSLM) certification for five of its production sites. This involved measuring the social impact of production in areas such as wages, working hours, health and safety and treatment of employees.

One of Lenzing's key sustainability goals is to obtain a valid, independently audited and accredited social standard certificate for each of the Lenzing Group's production sites by 2024. This goal is pursued through the Higg Facility Social & Labor Module (Higg FSLM), which assesses social and labor-related conditions. In 2023, more than 7,200 companies worldwide underwent this audit, with Lenzing's result placing it in the top 25 percent of all verified Higg FSLM facilities.

The Lenzing Group has achieved outstanding results in the Higg Facility Social & Labor Module (FSLM) certification for five of its production sites. This involved measuring the social impact of production in areas such as wages, working hours, health and safety and treatment of employees.

One of Lenzing's key sustainability goals is to obtain a valid, independently audited and accredited social standard certificate for each of the Lenzing Group's production sites by 2024. This goal is pursued through the Higg Facility Social & Labor Module (Higg FSLM), which assesses social and labor-related conditions. In 2023, more than 7,200 companies worldwide underwent this audit, with Lenzing's result placing it in the top 25 percent of all verified Higg FSLM facilities.

A recent study by the Society for Applied Economic Research in Innsbruck (Austria)1 emphasises Lenzing's responsibility as an important employer. The Lenzing Group creates a total of 25,292 jobs in the five countries in which it operates production facilities. This figure includes not only employees, but also indirect jobs - because every direct job created creates more than two additional indirect jobs in other sectors of the economy.

1 GAW Wirtschaftsforschung: Economic and Regional Importance of the Lenzing Group in 2023; March 2024

Source:

Lenzing Group

Lenzing: Sustainable geotextiles as glacier protection and jacket (c) UN Nations
22.03.2024

Lenzing: Sustainable geotextiles as glacier protection and jacket

The Lenzing Group has created an innovative concept that contributes to the sustainable protection of our glaciers while inspiring collective action for sustainable practices and a circular economy in the nonwovens and textile value chain. The concept, which was artistically staged by the Italian artist Michelangelo Pistoletto, was presented on March 21, 2024, as part of the International Day of Forests celebrations at the Palais des Nations, the headquarters of the United Nations Office at Geneva (UNOG).

The melting of glaciers is being severely impacted by global warming. Geotextiles are used to protect ice and snow. However, the nonwovens used for this are made of fossil-based fibers, which allow microplastics1 to enter the valley via streams and may enter the food chain through small organisms and animals. Nonwovens made from cellulosic LENZING™ fibers, which are biodegradable at the end of their life cycle and can be completely recycled, are the sustainable solution to this problem.

The Lenzing Group has created an innovative concept that contributes to the sustainable protection of our glaciers while inspiring collective action for sustainable practices and a circular economy in the nonwovens and textile value chain. The concept, which was artistically staged by the Italian artist Michelangelo Pistoletto, was presented on March 21, 2024, as part of the International Day of Forests celebrations at the Palais des Nations, the headquarters of the United Nations Office at Geneva (UNOG).

The melting of glaciers is being severely impacted by global warming. Geotextiles are used to protect ice and snow. However, the nonwovens used for this are made of fossil-based fibers, which allow microplastics1 to enter the valley via streams and may enter the food chain through small organisms and animals. Nonwovens made from cellulosic LENZING™ fibers, which are biodegradable at the end of their life cycle and can be completely recycled, are the sustainable solution to this problem.

The covering of a small area with the new material made from LENZING™ fibers was tested for the first time during a field test on the Stubai Glacier. Four meters of ice were saved from melting. This was confirmed in a study conducted by the University of Innsbruck and the Austrian glacier lift operators on the Stubai Glacier in Tyrol (Austria). In 2023, the pilot project was successfully extended to all Austrian glaciers used by tourists.

Last year, the project was also awarded first place in the prestigious Swiss BIO TOP Awards for wood and material innovations.

Lenzing takes this innovation project as an opportunity to inspire collaborative action towards sustainable practices and circularity in the textile value chain. Together with a network of innovative partners, Lenzing is working on processing geotextiles into new textile fibers giving them a second life as a garment. The use of geotextiles is usually limited to two years, after which the nonwovens would be disposed of. In the first phase of the pilot project, the recycling of nonwovens made for geotextiles use has been successfully tested and a fashionable “Glacier Jacket” has been produced, showcasing that the recycling of geotextiles is viable. Next to Lenzing, the network includes Marchi & Fildi Spa, a specialist in the field of mechanical recycling, the denim fabric manufacturer Candiani Denim and the fashion studio Blue of a Kind.

18.03.2024

Lenzing: Combined annual and sustainability report 2023

  • Combination of financial and non-financial reporting as evidence of the central role of sustainability
  • Measurable progress in achieving sustainability and climate targets
  • Recognized for sustainability and prepares for the European Green Deal

The Lenzing Group has published a combined annual and sustainability report for the first time, reaffirming the strategic importance of social and environmental responsibility for the company. With the title “Ready to join?”, Lenzing would like to extend an invitation to all customers and partners to join forces to renew the textile and nonwovens industries and bring about positive change.

“This annual and sustainability report is also an invitation to find answers together. Lenzing is working tirelessly to make the industries in which it operates even more sustainable and to drive the transformation of the textile business model from linear to circular. For this transformation to be successful, further efforts by the entire industry and a policy designed to ensure a level playing field for sustainability pioneers are needed,” says Stephan Sielaff, CEO of the Lenzing Group.

  • Combination of financial and non-financial reporting as evidence of the central role of sustainability
  • Measurable progress in achieving sustainability and climate targets
  • Recognized for sustainability and prepares for the European Green Deal

The Lenzing Group has published a combined annual and sustainability report for the first time, reaffirming the strategic importance of social and environmental responsibility for the company. With the title “Ready to join?”, Lenzing would like to extend an invitation to all customers and partners to join forces to renew the textile and nonwovens industries and bring about positive change.

“This annual and sustainability report is also an invitation to find answers together. Lenzing is working tirelessly to make the industries in which it operates even more sustainable and to drive the transformation of the textile business model from linear to circular. For this transformation to be successful, further efforts by the entire industry and a policy designed to ensure a level playing field for sustainability pioneers are needed,” says Stephan Sielaff, CEO of the Lenzing Group.

The results for the 2023 financial year were already published. The report was once again prepared in digital form and is now available.

Source:

Lenzing AG

Lenzing: TENCEL™ Lyocellfasern für Stretchstoffe (c) Lenzing AG
22.01.2024

Lenzing: TENCEL™ Lyocellfasern für Stretchstoffe

Die Lenzing Gruppe hat ein neues Verarbeitungsverfahren für Lyocellfasern der Marke TENCEL™ angekündigt, das speziell auf die Herstellung von Stretchstoffen ausgerichtet ist und für höheren Tragekomfort sorgt.

Beim neuen Verarbeitungsverfahren von Lenzing wird vorbehandeltes Gewebe aus TENCEL™ Lyocellfasern einem weiteren Überarbeitungsschritt unterzogen. Während der Nassverarbeitung nimmt der Durchmesser von TENCEL™ Lyocellfasern erheblich zu, was einen stärkeren Crimp des Garns in Schussrichtung zur Folge hat. So erhält man einen dehnbaren Stoff mit verbesserter Rücksprungfähigkeit1, der nicht leicht einläuft oder knittert und auch nach dem Waschen seinen glatten Look bewahrt2.

Die Lenzing Gruppe hat ein neues Verarbeitungsverfahren für Lyocellfasern der Marke TENCEL™ angekündigt, das speziell auf die Herstellung von Stretchstoffen ausgerichtet ist und für höheren Tragekomfort sorgt.

Beim neuen Verarbeitungsverfahren von Lenzing wird vorbehandeltes Gewebe aus TENCEL™ Lyocellfasern einem weiteren Überarbeitungsschritt unterzogen. Während der Nassverarbeitung nimmt der Durchmesser von TENCEL™ Lyocellfasern erheblich zu, was einen stärkeren Crimp des Garns in Schussrichtung zur Folge hat. So erhält man einen dehnbaren Stoff mit verbesserter Rücksprungfähigkeit1, der nicht leicht einläuft oder knittert und auch nach dem Waschen seinen glatten Look bewahrt2.

Die in den Stretchstoffen verwendeten TENCEL™ Lyocellfasern werden in einem ressourcensparenden geschlossenen Produktionskreislauf3 hergestellt, das verwendete Holz stammt aus kontrollierten oder zertifizierten Quellen. Somit stellen sie eine von fossilen Rohstoffen freie Alternative zu herkömmlichen synthetischen Materialien dar. Darüber hinaus lassen sich die Fasern im Endprodukt identifizieren und bis zu ihrem Ursprung zurückverfolgen, wodurch eine größere Verantwortung und Transparenz in der Lieferkette gewährleistet wird.

1 Daten aus dem SGS-Bericht Nr. SL12100263549701TX. Material: Stoffe aus 100% TENCEL™ Lyocell Ne30 x Ne30 / 98*74
2 Daten aus dem SGS-Bericht Nr. SL12200348946801TX: Material: Stoffe aus 100% LENZING™ Lyocell Ne50 x Ne50 / 116x75
3 Die Einsparungen berücksichtigen die Lösungsmittelrückgewinnung.

Source:

Lenzing AG

17.01.2024

Lenzing: Top sustainability ratings

The Lenzing Group has once again been recognized for its sustainability performance and its active contribution to transforming the industry towards a circular economy. The rating agency MSCI awarded Lenzing an “AA” rating for the third time in a row, placing Lenzing among the top eight percent of rated companies in its peer group. In addition, Lenzing participated for the first time in the SAC Higgs FEM verification to assess the environmental impact of product manufacturing at its sites and achieved positive results.

The Lenzing Group has once again been recognized for its sustainability performance and its active contribution to transforming the industry towards a circular economy. The rating agency MSCI awarded Lenzing an “AA” rating for the third time in a row, placing Lenzing among the top eight percent of rated companies in its peer group. In addition, Lenzing participated for the first time in the SAC Higgs FEM verification to assess the environmental impact of product manufacturing at its sites and achieved positive results.

According to the rating agency MSCI, Lenzing continues to lead the way among global companies in terms of governance structures. In addition, MSCI highlights Lenzing’s leadership in implementing initiatives to mitigate the risk of environmental liabilities associated with the release of toxic pollutants and highlights its water stewardship program, which includes a water risk assessment. The confirmation of the “AA” rating from MSCI ESG enables Lenzing to further reduce its interest expense. In November 2019, Lenzing placed a bonded loan in the amount of around EUR 500 mn, which is linked to the company's sustainability performance. In line with its commitment under the bonded loan, the company will donate the entire interest expense it saves thanks to the “AA” rating to a social-ecological project.

By November 2023, all Lenzing sites, with the exception of the sites in Brazil and Thailand, which are however scheduled for 2024, have completed the first external verification of the module with excellent results. With almost 20,000 participating companies from different sectors of industry, which achieved less than 50 percent in total average in 2023, Lenzing sites achieved verified scores of more than 70 percent to 95 percent.

Source:

Lenzing AG

Norafin: Nachhaltige Tuchmasken aus Lenzing VEOCEL™ Fasern (c) Norafin
06.12.2023

Norafin: Nachhaltige Tuchmasken aus Lenzing VEOCEL™ Fasern

Tuchmasken, die sich bei Konsumentinnen und Konsumenten seit einigen Jahren hoher Beliebtheit erfreuen, bestehen normalerweise aus einem dünnen Vliesstoff und werden in pflegendes Serum getränkt. Die von Norafin hergestellten Vliesstoffe mit Lenzings nachhaltigen VEOCELTM Lyocell Skin Cellulosefasern sind eine umweltbewusstere Alternative zu Tuchmasken aus erdölbasierten Synthetikfasern.

Funktional und umweltfreundlich
Umweltfolgen von Produkten sowie die Nachhaltigkeit von Inhaltsstoffen rücken zunehmend in den Fokus von Kundinnen und Kunden, Handel und Institutionen. Die starke Nachfrage an ökologischen Alternativen stieg mit der in der EU geltenden Kennzeichnungspflicht für Produkte mit Kunststoffanteilen (SUPD) zusätzlich an. Gleichzeitig stellt die Kosmetikindustrie hohe Anforderungen an die Leistungsfähigkeit ihrer Produkte. Mit der Verwendung von VEOCELTM Lyocell Skin Fasern für Tuchmasken gelingt die Verbindung von Funktionalität und Nachhaltigkeit.

Tuchmasken, die sich bei Konsumentinnen und Konsumenten seit einigen Jahren hoher Beliebtheit erfreuen, bestehen normalerweise aus einem dünnen Vliesstoff und werden in pflegendes Serum getränkt. Die von Norafin hergestellten Vliesstoffe mit Lenzings nachhaltigen VEOCELTM Lyocell Skin Cellulosefasern sind eine umweltbewusstere Alternative zu Tuchmasken aus erdölbasierten Synthetikfasern.

Funktional und umweltfreundlich
Umweltfolgen von Produkten sowie die Nachhaltigkeit von Inhaltsstoffen rücken zunehmend in den Fokus von Kundinnen und Kunden, Handel und Institutionen. Die starke Nachfrage an ökologischen Alternativen stieg mit der in der EU geltenden Kennzeichnungspflicht für Produkte mit Kunststoffanteilen (SUPD) zusätzlich an. Gleichzeitig stellt die Kosmetikindustrie hohe Anforderungen an die Leistungsfähigkeit ihrer Produkte. Mit der Verwendung von VEOCELTM Lyocell Skin Fasern für Tuchmasken gelingt die Verbindung von Funktionalität und Nachhaltigkeit.

Einsatz von nachwachsenden Rohstoffen
VEOCELTM Lyocell Skin Fasern werden aus dem nachwachsenden Rohstoff Holz, aus verantwortungsvoll bewirtschafteten Wäldern, gewonnen. Die Fasern sind sanft zur Haut und gewährleisten durch ihre glatte Oberfläche ein angenehmes Pflegeerlebnis.
„Durch die dreidimensionale Faserausrichtung entsteht in der Produktion von Norafin mittels Wasserstrahltechnologie ein in alle Richtungen reißfester, gereinigter und weicher Vliesstoff. Die Verfestigung der Fasern erfolgt dabei durch pure Wasserkraft und ohne zusätzliche Chemikalien. Aufgrund der Stabilität des entstandenen Vliesstoffes kann zudem auf Kunststoffträger, die oftmals für die Stabilisierung zum Einsatz kommen, verzichtet werden. Im Jahr 2022 gelang es, rund 40 Millionen Tuchmasken aus 50 Tonnen holzbasierten VEOCELTM Fasern herzustellen. Die 25 Tonnen an damit eingespartem PET und PP sind ein großer Schritt in Richtung Müllvermeidung“, sagt Kerstin Knorr, Leitung Marketing bei Norafin.

Source:

Lenzing Gruppe / movea marketing GmbH & Co KG

Lenzing: Fasererkennungssystem für Rückverfolgbarkeit von Schutzbekleidung (c) Lenzing Fibers (HK) Limited
20.11.2023

Lenzing: Fasererkennungssystem für Rückverfolgbarkeit von Schutzbekleidung

Die Lenzing Gruppe hat auf den wachsenden Bedarf an Transparenz und Rückverfolgbarkeit von in Schutzbekleidung verarbeiteten Materialien reagiert und setzt das Lenzing Fasererkennungssystem nun auch für die schwer entflammbaren Cellulosefasern der Marke LENZING™ FR ein. Das System ermöglicht die Identifizierung von LENZING™ FR Fasern während jeder Phase des Produktionsprozesses. Dadurch gewährleistet es eine beispiellose Rückverfolgbarkeit und zuverlässige Qualitätssicherung bei der Herstellung von Schutzbekleidung und stärkt so das Vertrauen in das Endprodukt. Getreu dem entschlossenen Einsatz zur Senkung der CO2-Emissionen stellt Lenzing sicher, dass Lenzing™ FR Schutzbekleidung aus Fasern auf Modalbasis neue Maßstäbe für verantwortungsbewusste Produktionsverfahren setzt. Erhältlich sind ebenfalls von ClimatePartner zertifizierte CO2-neutrale LENZING™ FR Fasern, mit denen Lenzing auf die steigenden Nachhaltigkeitsanforderungen in der Branche reagiert.

Die Lenzing Gruppe hat auf den wachsenden Bedarf an Transparenz und Rückverfolgbarkeit von in Schutzbekleidung verarbeiteten Materialien reagiert und setzt das Lenzing Fasererkennungssystem nun auch für die schwer entflammbaren Cellulosefasern der Marke LENZING™ FR ein. Das System ermöglicht die Identifizierung von LENZING™ FR Fasern während jeder Phase des Produktionsprozesses. Dadurch gewährleistet es eine beispiellose Rückverfolgbarkeit und zuverlässige Qualitätssicherung bei der Herstellung von Schutzbekleidung und stärkt so das Vertrauen in das Endprodukt. Getreu dem entschlossenen Einsatz zur Senkung der CO2-Emissionen stellt Lenzing sicher, dass Lenzing™ FR Schutzbekleidung aus Fasern auf Modalbasis neue Maßstäbe für verantwortungsbewusste Produktionsverfahren setzt. Erhältlich sind ebenfalls von ClimatePartner zertifizierte CO2-neutrale LENZING™ FR Fasern, mit denen Lenzing auf die steigenden Nachhaltigkeitsanforderungen in der Branche reagiert.

Das Fasererkennungssystem stärkt Vertrauen in die Lieferkette
Die Fasern der Marke LENZING™ FR werden aus dem nachwachsenden Rohstoff Holz gefertigt, der im Einklang mit den strengen Richtlinien der Policy für Holz und Zellstoff von Lenzing aus kontrollierten und zertifizierten Wäldern in Österreich und Zentraleuropa bezogen wird. Als eines der weltweit ältesten und erfahrensten Unternehmen der Branche sorgt Lenzing für Transparenz in der Lieferkette, indem die Rückverfolgbarkeit der von Lenzing hergestellten Cellulosefasern sichergestellt wird. Das Fasererkennungssystem von Lenzing kann LENZING™ FR Fasern in jeder Phase der Produktion identifizieren und bietet dadurch eine zuverlässige Qualitätskontrolle sowie einen Echtheitsnachweis. Dank dieses Systems können wir unseren Partnern entlang der Lieferkette die Gewissheit geben, dass auch wirklich Premiumfasern von Lenzing verwendet werden, und so ihr Vertrauen in die Lieferkette stärken. LENZING™ FR Fasern sind auf Anfrage mit FSC- oder PEFC-Zertifizierung erhältlich und wurden vom US-Landwirtschaftsministeriums (USDA) als BioPreferred®-Produkt ausgezeichnet.

Senkung der CO2-Emissionen während des Produktionsprozesses
Fasern der Marke LENZING™ FR werden in einem voll integrierten Produktionsprozess gefertigt, dessen Energieverbrauch zu mehr als 83 Prozent aus erneuerbaren Energiequellen gedeckt wird. Daher fallen bei der Produktion 80 Prozent weniger Treibhausgasemissionen an als bei Standardmodalfasern1. Ebenfalls erhältlich sind von ClimatePartner zertifizierte CO2-neutrale LENZING™ FR Fasern2 – eine interessante Option für Partner in der Wertschöpfungskette, die ihren CO2-Fußabdruck verringern möchten, ohne dabei Kompromisse bei Schutz und Komfort einzugehen.

Neue Qualitätsstandards bei Schutzbekleidung
Die mit dem EU Ecolabel3 zertifizierten LENZING™ FR Fasern werden in Schutzbekleidung für Feuerwehrleute, Militär, Polizei und in der Öl- und Gas- sowie metallverarbeitende Industrien in über 100 Ländern verarbeitet. Schutzbekleidung aus Fasern der Marke LENZING™ FR setzt neue Qualitätsstandards in der Branche, denn sie ist nicht nur leicht, atmungsaktiv und weich, sondern auch bei extrem hohen Temperaturen angenehm zu tragen. Zudem entsprechen die LENZING™ FR Fasern der Definition von inhärent schwer entflammbaren und flammhemmenden Fasern, wie sie vom Europäischen Chemiefaserverband CIRFS festgelegt wurden. LENZING™ FR Fasern werden in einer großen Auswahl an Farben angeboten, wobei die Eco Color Technologie zum Einsatz kommt, die sich gegenüber herkömmlichen ressourcenintensiven Färbemethoden durch eine Energie- und Wasserersparnis von 50 Prozent und einen um 60 Prozent reduzierten CO2-Fußabdruck auszeichnet.4 Dank ihrer lang anhaltenden Farbbeständigkeit und Designflexibilität ist für LENZING™ FR Fasern keine zusätzliche Farbbehandlung durch Garnhersteller oder Stofffabriken erforderlich und auch nach mehrmaligem Waschen neigen sie weniger zum Verblassen.


1 Einzelheiten zur Zertifizierung sind auf der TENCEL™ Website verfügbar.
2 Klimaneutralität wird erreicht, indem CO2-Emissionen gemessen und reduziert und verbleibende CO2-Emissionen durch die Finanzierung von Kompensationsprojekten (z. B. Aufforstungsprojekte) oder die Einlösung von CO2-Zertifikaten ausgeglichen werden. Der CO2-Fußabdruck des Produkts auf die globale Erwärmung ist demnach gleich Null.
3 Das EU Ecolabel wird von allen Mitgliedstaaten der Europäischen Union sowie von Norwegen, Liechtenstein und Island anerkannt. Das 1992 durch eine EU-Verordnung (Verordnung (EWG) Nr. 880/92) eingeführte freiwillige Label hat sich schrittweise zu einem Referenzpunkt für Verbraucher:innen entwickelt, die durch den Kauf umweltfreundlicherer Produkte und Dienstleistungen zu einer geringeren Umweltbelastung beitragen wollen.
4 Genauere Angaben zur Energie- und Wasserersparnis und zum reduzierten CO2-Fußabdruck sind in der Broschüre „Lenzing for Protective Wear“ beschrieben.

 

Lenzing relies on wind power in the fiber and pulp production (c) Lenzing AG
At the ground-breaking ceremony, from left to right: Josef Reiter (Mayor of Engelhartstetten) Thomas Östros (Vice-President of the European Investment Bank) Helga Krismer-Huber (Green Party Lower Austria LAbg) Stephan Pernkopf (Deputy Governor of Lower Austria) Leonore Gewessler (Minister for Climate Protection) Gregor Erasim (owner of WLK energy) Gerda Holzinger-Burgstaller (Chairwoman of the Management Board of Erste Bank Österreich) Bianca Flesch (Environmental Management Messer Austria GmbH) Mario Wohanka (WLK Chief Financial Officer) Christian Skilich (CTO Lenzing AG)
10.11.2023

Lenzing relies on wind power in the fiber and pulp production

The Lenzing Group has concluded a supply contract with the Austrian electricity producer WLK energy for the purchase of around 13 megawatts of wind power. Lenzing is thus not only underlining its commitment to climate protection and the energy transition, but is also making a long-term investment in a price-stable and diversified electricity supply. The contract has a term of 15 years and provides for supply from the new wind farm in Engelhartstetten from the first quarter of 2025.

The construction of the wind farm is a joint project involving several partners, including the operator and electricity supplier WLK energy, based in Untersiebenbrunn (Lower Austria). The total output of the wind farm with a total of eleven wind turbines will be around 45 megawatts. The share of around 13 megawatts, which will be produced exclusively for the needs of the Lenzing site (Upper Austria), corresponds to the average electricity requirements of around 10,000 households per year in Austria. The ground-breaking ceremony to mark the start of construction took place on November 09, 2023 with representatives from politics and business.

The Lenzing Group has concluded a supply contract with the Austrian electricity producer WLK energy for the purchase of around 13 megawatts of wind power. Lenzing is thus not only underlining its commitment to climate protection and the energy transition, but is also making a long-term investment in a price-stable and diversified electricity supply. The contract has a term of 15 years and provides for supply from the new wind farm in Engelhartstetten from the first quarter of 2025.

The construction of the wind farm is a joint project involving several partners, including the operator and electricity supplier WLK energy, based in Untersiebenbrunn (Lower Austria). The total output of the wind farm with a total of eleven wind turbines will be around 45 megawatts. The share of around 13 megawatts, which will be produced exclusively for the needs of the Lenzing site (Upper Austria), corresponds to the average electricity requirements of around 10,000 households per year in Austria. The ground-breaking ceremony to mark the start of construction took place on November 09, 2023 with representatives from politics and business.

In 2019, Lenzing was the first fiber manufacturer to set itself the goal of reducing its CO2 emissions by 50 percent by 2030 and becoming carbon-neutral by 2050. This CO2 reduction target was recognized by the Science Based Targets Initiative. In 2022, Lenzing opened Upper Austria's largest open-space photovoltaic plant together with Verbund and also signed an electricity supply contract for photovoltaic energy with the green electricity producer Enery and Energie Steiermark.

Source:

Lenzing AG

Lenzing and Södra win ITMF Award for cooperation in textile recycling (c) Lenzing AG/Leopold
Lenzing x Södra Project team
06.11.2023

Lenzing and Södra: ITMF Award for cooperation in textile recycling

  • Lenzing and Södra – a long-standing partnership for systemic change
  • International Textile Manufacturers Federation (ITMF) honored the two companies in the "International Cooperation" category
  • EU co-funded recycling project for textiles on an industrial scale

The Lenzing Group, the world’s leading supplier of specialty fibers for the textile and nonwovens industries, and the Swedish pulp producer Södra have received the ITMF Award 2023 in the category “International Cooperation” for their joint achievements in textile recycling and circular economy. The award was presented at the ITMF Annual Conference in Keqiao, China, on November 06, 2023.

  • Lenzing and Södra – a long-standing partnership for systemic change
  • International Textile Manufacturers Federation (ITMF) honored the two companies in the "International Cooperation" category
  • EU co-funded recycling project for textiles on an industrial scale

The Lenzing Group, the world’s leading supplier of specialty fibers for the textile and nonwovens industries, and the Swedish pulp producer Södra have received the ITMF Award 2023 in the category “International Cooperation” for their joint achievements in textile recycling and circular economy. The award was presented at the ITMF Annual Conference in Keqiao, China, on November 06, 2023.

The ITMF Award 2023 is given by the International Textile Manufacturers Federation (ITMF) to recognize outstanding achievements and merits in the textile sector in two categories: ”Sustainability & Innovation“ and ”International Cooperation“. Since 2021, the two pioneers have been joining forces in textile recycling, making a decisive contribution to promoting the circular economy in the fashion industry. As part of the cooperation, the companies intend to share their knowledge with each other and jointly develop processes to enable the wider use of cellulose-based used textiles on a commercial scale.

The OnceMore® pulp from Södra, which was jointly developed further by Södra and Lenzing, is subsequently used, among other things, as a raw material for the production of Lenzing fibers with REFIBRA™ technology. The OnceMore® process makes it possible to process and recycle a blend of cotton and polyester.

ITMF paid particular tribute to the joint LIFE TREATS project (Textile Recycling in Europe AT Scale)1,which was supported by an EU grant of EUR 10m under the LIFE 20222 program and aims to build a large-scale plant at Södra's Mörrum site in Sweden.

For more information on the ITMF Awards 2023, visit the ITMF website.

1 Project 101113614 — LIFE22-ENV-SE-TREATS
2 https://cinea.ec.europa.eu/programmes/life_en

Source:

Lenzing AG

03.11.2023

Lenzing implements performance program in response to lack of market recovery

  • Revenue of EUR 1.87 bn and EBITDA of EUR 219.1 mn in the first three quarters of 2023
  • Positive free cash flow of EUR 27.3 mn in the third quarter
  • Implementation of performance program focusing on positive free cash flow, strengthened sales and margin growth and sustainable cost excellence
  • Modernization and conversion of Indonesian site successfully completed – EU Ecolabel received

The anticipated recovery in markets relevant for the Lenzing Group has to date failed to materialize. The continued sharp increase in raw material and energy costs on the one hand and very subdued demand on the other had a negative impact on Lenzing’s business trends as well as on industry as a whole during the reporting period.

  • Revenue of EUR 1.87 bn and EBITDA of EUR 219.1 mn in the first three quarters of 2023
  • Positive free cash flow of EUR 27.3 mn in the third quarter
  • Implementation of performance program focusing on positive free cash flow, strengthened sales and margin growth and sustainable cost excellence
  • Modernization and conversion of Indonesian site successfully completed – EU Ecolabel received

The anticipated recovery in markets relevant for the Lenzing Group has to date failed to materialize. The continued sharp increase in raw material and energy costs on the one hand and very subdued demand on the other had a negative impact on Lenzing’s business trends as well as on industry as a whole during the reporting period.

Revenue in the first three quarters of 2023 decreased by 5.3 percent year-on-year to EUR 1.87 bn. This reduction was primarily due to lower fiber revenues, while pulp revenues were up. The earnings trend was mainly influenced by the market environment. As a consequence, earnings before interest, tax, depreciation and amortization (EBITDA) in the reporting period decreased by 16.7 percent year-on-year to EUR 219.1 mn. The net result after tax amounted to minus EUR 96.7 mn (compared with EUR 74.9 mn in the first three quarters of 2022), while earnings per share amounted to minus EUR 4.90 (compared with EUR 2.16 in the first three quarters of 2022).

Outlook
According to the IMF, a full return of the global economy to pre-pandemic growth rates appears increasingly out of reach in the coming quarters. In addition to the consequences of the pandemic and the ongoing war in Ukraine, growth is also being influenced by restrictive monetary policy and extreme weather events. The consequences of the renewed military confrontation in the Middle East are not yet foreseeable. Overall, the IMF warns of greater risks to global financial stability, and expects the growth rate to decrease to 3 percent this year and to 2.9 percent next year.

The currency environment is expected to remain volatile in the regions of relevance to Lenzing.

The general market environment is continuing to weigh on the consumer climate and on sentiment in the industries relevant to Lenzing.

In the trend-setting market for cotton, the current 2023/24 crop season is emerging as a further 1.7 mn tonnes of inventory build-up, following 1.8 mn tonnes of inventory build-up in the previous season.

Earnings visibility remains severely limited overall.

Lenzing is fully on track with the implementation of the reorganization and cost reduction program and on this basis is implementing a comprehensive performance program focused on positive free cash flow, strengthened sales and margin growth as well as sustainable cost excellence. The overarching goal is to position Lenzing even more strongly and to further increase its crisis resilience.

In structural terms, Lenzing continues to anticipate growth in demand for environmentally responsible fibers for the textile and clothing industry as well as the hygiene and medical sectors. As a consequence, Lenzing is very well positioned with its “Better Growth” strategy and plans to continue driving growth with specialty fibers as well as its sustainability goals, including the trans-formation from a linear to a circular economy model.

The successful implementation of the key projects in Thailand and Brazil as well as the investment projects in China and Indonesia will further strengthen Lenzing’s positioning in this respect.

Taking the aforementioned factors into consideration, the Lenzing Group continues to expect that EBITDA for the 2023 financial year will lie in a range between EUR 270 mn and EUR 330 mn.

Source:

Lenzing AG

22.09.2023

Lenzing with new outlook for 2023

The continued weak development of the markets relevant to Lenzing, coupled with very cautious market expectations in 2023, requires a reassessment of Lenzing AG’s macroeconomic environment.

Taking into account the current lack of market recovery, the previous earnings forecast is not expected to be achieved. The Lenzing Group is therefore adjusting its forecast for earnings development and is assuming EBITDA in a range of EUR 270 mn to EUR 330 mn for the 2023 financial year.

CEO Stephan Sielaff: “The recovery expected for the second half of the year in the markets relevant to us has not yet occurred. This makes the early measures we took all the more correct. We launched an ambitious cost reduction program back in November 2022, which delivered the expected results ahead of schedule. Building on this, we are implementing a holistic and consistent value creation program with a focus on measures to strengthen profitability and cash flow generation and to exploit the growth potential in the fiber markets through targeted sales activities.”

The continued weak development of the markets relevant to Lenzing, coupled with very cautious market expectations in 2023, requires a reassessment of Lenzing AG’s macroeconomic environment.

Taking into account the current lack of market recovery, the previous earnings forecast is not expected to be achieved. The Lenzing Group is therefore adjusting its forecast for earnings development and is assuming EBITDA in a range of EUR 270 mn to EUR 330 mn for the 2023 financial year.

CEO Stephan Sielaff: “The recovery expected for the second half of the year in the markets relevant to us has not yet occurred. This makes the early measures we took all the more correct. We launched an ambitious cost reduction program back in November 2022, which delivered the expected results ahead of schedule. Building on this, we are implementing a holistic and consistent value creation program with a focus on measures to strengthen profitability and cash flow generation and to exploit the growth potential in the fiber markets through targeted sales activities.”

The Lenzing Group will announce further details about the value creation program when it publishes its quarterly results on November 3, 2023.

Source:

Lenzing Group

22.09.2023

Lenzing receives EU Ecolabel for fiber production in Indonesia

The Lenzing Group has received certification from the internationally recognized EU Ecolabel for its fibers at the Indonesian site. This means that Lenzing fibers produced in Purwakarta (PT. South Pacific Viscose) meet high environmental standards. The product portfolio thus expands and qualifies for the production of LENZING™ ECOVERO™ brand fibers for textiles and VEOCEL™ brand fibers for nonwoven applications.

The substantial investment of EUR 100 mn to modernize the Indonesian site has enabled Lenzing to significantly reduce its specific emissions. In addition, the site recently began sourcing energy from renewable sources and is driving the conversion to biomass in line with Lenzing's goals of reducing group-wide carbon emissions per ton of product sold by 50 percent by 2030 and achieving carbon-neutral production by 2050.

The Lenzing Group has received certification from the internationally recognized EU Ecolabel for its fibers at the Indonesian site. This means that Lenzing fibers produced in Purwakarta (PT. South Pacific Viscose) meet high environmental standards. The product portfolio thus expands and qualifies for the production of LENZING™ ECOVERO™ brand fibers for textiles and VEOCEL™ brand fibers for nonwoven applications.

The substantial investment of EUR 100 mn to modernize the Indonesian site has enabled Lenzing to significantly reduce its specific emissions. In addition, the site recently began sourcing energy from renewable sources and is driving the conversion to biomass in line with Lenzing's goals of reducing group-wide carbon emissions per ton of product sold by 50 percent by 2030 and achieving carbon-neutral production by 2050.

Anthropogenic climate change is one of the most pressing problems of our time, to which both the global textile and nonwovens industries make a major contribution. LENZING™ ECOVERO™ viscose fibers (for textiles) and VEOCEL™ Viscose (for nonwovens) have been proven to cause significantly less greenhouse gas emissions and water pollution than conventional viscose. At the Indonesian site, Lenzing also plans to produce the innovative LENZING™ ECOVERO™ Black fibers in the future, which also require less energy and water in textile chain thanks to the spun-dyeing process and thus also have a lower carbon footprint in their life cycle as a textile product.

Source:

Lenzing Group