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05.09.2019

Lenzing presented first blockchain pilot project at Hong Kong Fashion Summit

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

The Lenzing Group has made a huge leap forward in introducing blockchain technology, allowing for a new level of transparency and traceability in the textile industry. After joining the platform of the technology company TextileGenesis™ earlier this year, the world market leader in specialty fibers made from the renewable raw material wood presented the first pilot at this year’s Fashion Summit in Hong Kong on September 05, 2019. This pioneering pilot project was conducted in close cooperation with TextileGenesis™, WWF and Hong Kong based brand Chicks.

 

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

The Lenzing Group has made a huge leap forward in introducing blockchain technology, allowing for a new level of transparency and traceability in the textile industry. After joining the platform of the technology company TextileGenesis™ earlier this year, the world market leader in specialty fibers made from the renewable raw material wood presented the first pilot at this year’s Fashion Summit in Hong Kong on September 05, 2019. This pioneering pilot project was conducted in close cooperation with TextileGenesis™, WWF and Hong Kong based brand Chicks.

 

Source:

Lenzing AG

LENZING™ fibers are fully biodegradable in water, soil and compost (c) Lenzing
30.08.2019

LENZING™ fibers are fully biodegradable in water, soil and compost

  • Organic Waste Systems and TÜV confirm fiber biodegradability also in fresh water
  • All white LENZING™ Viscose, Modal and Lyocell fibers are now certified for all environments
  • Global legislators aim at limiting plastic waste persisting in the environment for centuries
  • EU Single-Use Plastics Directive partly regulates usage of plastic products
  • Biodegradable materials such as wood-based fibers are the best alternative to single-use plastics

The Lenzing Group received confirmation of the full biodegradability of its fibers in fresh water by the independent research laboratory Organic Waste Systems (OWS). The new and existing international certifications conducted by OWS and issued by TÜV Austria verify that LENZING™ Viscose fibers, LENZING™ Modal fibers and LENZING™ Lyocell fibers are biodegradable in all natural and industrial environments: in the soil, compost as well as in fresh and in marine water.

  • Organic Waste Systems and TÜV confirm fiber biodegradability also in fresh water
  • All white LENZING™ Viscose, Modal and Lyocell fibers are now certified for all environments
  • Global legislators aim at limiting plastic waste persisting in the environment for centuries
  • EU Single-Use Plastics Directive partly regulates usage of plastic products
  • Biodegradable materials such as wood-based fibers are the best alternative to single-use plastics

The Lenzing Group received confirmation of the full biodegradability of its fibers in fresh water by the independent research laboratory Organic Waste Systems (OWS). The new and existing international certifications conducted by OWS and issued by TÜV Austria verify that LENZING™ Viscose fibers, LENZING™ Modal fibers and LENZING™ Lyocell fibers are biodegradable in all natural and industrial environments: in the soil, compost as well as in fresh and in marine water.

The biodegradability of cellulosic products and the synthetic fiber polyester was tested in fresh water at OWS according to valid international standards, e.g. ISO 14851. At the end of the trial period, LENZING™ wood-based cellulosic fibers, cotton and paper pulp were shown to be fully biodegradable in fresh water in contrast to synthetic polyester fibers. The fact that synthetic materials are not biodegradable leads to major problems in wastewater treatment plants and potentially marine litter. In turn, this not only harms fish and birds living in and close to the oceans but also all marine organisms and us humans.

“The Lenzing Group operates a truly circular business model based on the renewable raw material wood to produce biodegradable fibers returning to nature after use. This complete cycle comprises the starting point of the core value of sustainability embedded in our company strategy sCore TEN and is the ‘raison d’etre’ of our company”, says Stefan Doboczky, Chief Executive Officer of the Lenzing Group. “In living up to this positioning, we not only enhance the business of our suppliers, customers and partners along the value chain but also improve the state of the entire textile and nonwovens industries.”

Both the textile and nonwovens industries face huge challenges with respect to littering. If current trends continue, the oceans could contain more plastic than fish by 2050. Therefore, legislative bodies worldwide can no longer ignore the issue and have moved towards plastics legislation aimed at limiting the vast amount of waste. In response, European lawmakers issued the Single-Use Plastics Directive currently being transposed into national legislation in the EU member states.

Conventional wet wipes and hygiene products mostly contain plastic and were thus identified as one of the product categories to be singled out. Less polluting alternatives are generally encouraged by NGOs and legislators, e.g. products made of biodegradable wood-based cellulosic fibers. Plastic waste including microplastic can persist in the environment for centuries. In contrast, biodegradable materials are the best alternative to single-use plastics because they fully convert back to nature by definition and thus do not require recycling.

Source:

Corporate Communications & Investor Relations
Lenzing Aktiengesellschaft

Oerlikon (c) Oerlikon
15.08.2019

Oerlikon: Further EvoQuench PA POY systems destined for China

Oerlikon Barmag recently signed contracts for two orders with a total of 120 spinning positions for manufacturing polyamide POY yarn with Chinese yarn manufacturers. What makes this so special is the fact that all positions will be equipped with the EvoQuench radial quenching system for polyamide.

With this, two well-known yarn manufacturers are now committing to the EvoQuench concept to produce polyamide yarn, equipping themselves for the efficient manufacture of microfiber yarns in the process. The benefits of radial quenching vis-à-vis conventional cross-flow quenching when manufacturing microfibers are well-known from polyester processing: manufacturing outstanding quality in a more production-reliable manner, i.e. with fewer yarn breaks, is a convincing argument and makes producing polyamide microfibers considerably more efficient. “Used to create fabrics, the materials feel very pleasant to the touch”, comments Stephan Faulstich, Head of Development POY Process at Oerlikon Barmag, who has held the results of the currently sole operator of such a system in his hands. “I can imagine this will be used above all in the manufacture of sports apparel and underwear.”

Oerlikon Barmag recently signed contracts for two orders with a total of 120 spinning positions for manufacturing polyamide POY yarn with Chinese yarn manufacturers. What makes this so special is the fact that all positions will be equipped with the EvoQuench radial quenching system for polyamide.

With this, two well-known yarn manufacturers are now committing to the EvoQuench concept to produce polyamide yarn, equipping themselves for the efficient manufacture of microfiber yarns in the process. The benefits of radial quenching vis-à-vis conventional cross-flow quenching when manufacturing microfibers are well-known from polyester processing: manufacturing outstanding quality in a more production-reliable manner, i.e. with fewer yarn breaks, is a convincing argument and makes producing polyamide microfibers considerably more efficient. “Used to create fabrics, the materials feel very pleasant to the touch”, comments Stephan Faulstich, Head of Development POY Process at Oerlikon Barmag, who has held the results of the currently sole operator of such a system in his hands. “I can imagine this will be used above all in the manufacture of sports apparel and underwear.”

More information:
Oerlikon Polyamidfaser
Source:

Oerlikon

08.08.2019

Lenzing solid in a significantly more challenging market environment

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

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

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

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

More information:
Lenzing Group
Source:

Lenzing AG

26.07.2019

Expansion of pulp production at the Lenzing site successfully completed

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

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

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

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

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

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

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

Source:

Lenzing AG

Archroma: New Formaldehyde-Free* Low Temperature Curing Binder © Archroma
Screen capture of Archroma’s video on Archroma's Cool Print system based on the new Helizarin® LTC New, a formaldehyde-free* low temperature curing liquid binder for pigment printing on all kinds of fibers.
22.07.2019

Archroma: New Formaldehyde-Free* Low Temperature Curing Binder

  • For Soft Vibrant And Durable Pigment Prints

Reinach, Switzerland - Archroma, a global leader in color and specialty chemicals towards sustainable solutions, has recently launched at the ITMA exhibition its new Helizarin® LTC New liq, a formaldehyde-free* low temperature curing binder for pigment printing on all kinds of fibers.

Prints are increasingly popular in apparel and interior textiles, as they allow us to express ourselves through vibrant colors and patterns. Consumers are especially drawn to the soft touch of an elegantly printed fabric.

Creating soft and vibrant prints can however be challenging for textile manufacturers: Pigment printing is usually applied to the fabric with a binder that often contains formaldehyde, needs a high temperature for curing, and can make the fabric harsh to the touch.

That is why Archroma developed its new Helizarin® LTC New to allow textile manufacturers to address these challenges.

  • For Soft Vibrant And Durable Pigment Prints

Reinach, Switzerland - Archroma, a global leader in color and specialty chemicals towards sustainable solutions, has recently launched at the ITMA exhibition its new Helizarin® LTC New liq, a formaldehyde-free* low temperature curing binder for pigment printing on all kinds of fibers.

Prints are increasingly popular in apparel and interior textiles, as they allow us to express ourselves through vibrant colors and patterns. Consumers are especially drawn to the soft touch of an elegantly printed fabric.

Creating soft and vibrant prints can however be challenging for textile manufacturers: Pigment printing is usually applied to the fabric with a binder that often contains formaldehyde, needs a high temperature for curing, and can make the fabric harsh to the touch.

That is why Archroma developed its new Helizarin® LTC New to allow textile manufacturers to address these challenges.

The innovation was developed in compliance with “The Archroma Way: safe, efficient, enhanced, it’s our nature”. The approach finds its origin in Archroma’s deep belief that it is possible to make the textile industry sustainable, economically and ecologically.

Helizarin® LTC New is a binder designed for low temperature curing or no curing. This allows to reduce the fixation temperature and time compared to conventional pigment printing processes. In addition, manufacturers will not experience the change of shades that sometimes occur with high temperature processes.

When using Helizarin® LTC New, textile manufacturers can therefore improve the productivity of their printing process and reduce their energy consumption.

Helizarin® LTC New is also a welcome solution for textile manufacturers who do not have curing equipment, since it offers similar to better fastness than commodity binders that have been treated through a full process, and excellent fastness on synthetic fibers such as polyester and polyamide.

When it comes to the final result on the fabric, Helizarin® LTC New allows the creation of soft and durable prints for premium quality articles.

The new product will be the core of Archroma's Cool Print, a complete formaldehyde-free* system that keeps printed textiles soft and durable, and the planet cooler.

The system, which combines Helizarin® LTC New with Luprintol® softening and fixing auxiliaries and Printofix® pigment preparations, allows manufacturers to realize potential savings of up to 30% in processing time, 45% in energy consumption and 44% CO2 emissions – compared to benchmark pigment printing.

Helizarin® LTC New, as well as the Cool Print system, is formaldehyde free* and registered under REACH. It can be used in line with the ZDHC & bluesign® requirements, is compliant with the Oeko-Tex Std 100 Class 1 standard for baby wear, and with the MRSL of the most major brands.

“Helizarin® LTC New was developed by Archroma’s R&D team together with experts at our Global Competence Center for Printing, based in Barcelona, Spain”, says Joaquin Femat, Head of Business Development for Printing, Brand & Performance Textile Specialties, at Archroma. “As The Archroma Way is based on Safe, Efficient and Enhanced as its three pillars, we designed an innovation that offers our customers a balanced combination of resource optimization, safe handling, and controlled effluent. Because it’s our nature!”
 

More information:
Archroma Helizarin Farben
Source:

EMG

ROICA™ presents new developments for contemporary consumers © Collezioni SRL
COSABELLA produced by Collezioni SRL’s set with Tessitura Colombo Antonio lace with ROICA™ V550
12.07.2019

ROICA™ presents new developments for contemporary consumers

As the role of lingerie in fashion and athleisure continues to augment, the desire for garments that will meet a new set of values for contemporary consumer lifestyles will flourish.  

ROICA™ - the pioneer of innovative stretch fibres, took this year’s Interfilière visitors on an inspirational journey, aimed at encouraging weavers, designers and brands to “engineer” their portfolio of products in new and exciting ways. The company sets a whole new standard in how creativity and responsibility can come together for a new generation of wardrobe solutions dedicated to the contemporary consumer, carving out a new kind of fashion future.

Below some unique developments born from the collaboration among ROICA™ and key premium brands:

COSABELLA produced by Collezioni SRL: The brand sells in over 100 countries, with a premium collection of 2000 styles for every sector of lingerie and leisurewear. Latest styles use a delicate floral lace by Tessitura Colombo Antonio made with ROICA™ V550 belonging to the ROICA Eco-Smart™ family for their more luxurious upscaled lines.

As the role of lingerie in fashion and athleisure continues to augment, the desire for garments that will meet a new set of values for contemporary consumer lifestyles will flourish.  

ROICA™ - the pioneer of innovative stretch fibres, took this year’s Interfilière visitors on an inspirational journey, aimed at encouraging weavers, designers and brands to “engineer” their portfolio of products in new and exciting ways. The company sets a whole new standard in how creativity and responsibility can come together for a new generation of wardrobe solutions dedicated to the contemporary consumer, carving out a new kind of fashion future.

Below some unique developments born from the collaboration among ROICA™ and key premium brands:

COSABELLA produced by Collezioni SRL: The brand sells in over 100 countries, with a premium collection of 2000 styles for every sector of lingerie and leisurewear. Latest styles use a delicate floral lace by Tessitura Colombo Antonio made with ROICA™ V550 belonging to the ROICA Eco-Smart™ family for their more luxurious upscaled lines.

Livy selects Iluna Group’s contemporary graphic stretch lace with ROICA™ EF for the precious “BELLAGIO” line that includes a soft triangle bralette, a padded bra, a brief and a body for optimal comfort. The must-have range has a stunning aesthetic which represents the unique appeal of this lifestyle brand.

Sarah Borghi: the worldwide known brand of luxury Italian fashion hosiery, tights, and socks. They've dedicated more than 40 years scrutinizing the finest yarns and evolving technologies and breathing flawless life into their unique range of luxurious fashion. Today, Gizeta Calze S.r.l., owner of this brand, has developed the first line made out of sustainable ingredients that will be launched at the ROICA™ booth during Interfilière. The collection, developed in Italy by Almatex, blends together key smart fibers such as ROICA™ EF and Q-Nova®, and ROICA™ V550 with  AMNI SOUL ECO®. 

Vitamin A: the Californian brand offers a unique swimwear line rooted in female empowerment. Vitamin A’s beachwear is made with the finest materials and finishes, ensuring a product that will fit and wear beautifully for years to come. Among the  incorporated more sustainable high-performance fabrics shines a unique jacquard development by Maglificio Ripa with a 3D texture made with the GRS certified premium responsible stretch ROICA™ EF and Q-NOVA® by Fulgar. Vitamin A is a member of 1% For The Planet and  donate to environmental organizations who work to protect our oceans.

Wolford was one of the first brands to explore the real value of ROICA™. Known for its exceptional European Skinwear including legwear, lingerie and bodywear, the company has been striving to develop fully degradable items at the end of the product lifecycle. On top of last year’s award for being Cradle to Cradle Certified™ at GOLD Level certification for the biological cycle, Wolford was also recognised for its technical cycle using Econyl® yarn made by Aquafil (always blended with ROICA™ V550).

Each brand Partner brings a different yarn story firmly into the limelight, and all feature ingredients from the ROICA™ portfolio of yarns respecting the company’s commitment to ‘responsible innovation’, and which all boast important sustainable certifications.

12.07.2019

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

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

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

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

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

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

 

More information:
Lenzing Gruppe Lenzing AG
Source:

Lenzing AG

Screen capture of Archroma’s video on Archroma's Fast Sport based on Foron® SP-WF, a range of high wet-fast disperse dyes for sportswear and active wear applications. © Archroma
10.07.2019

ARCHROMA: New Range for High Wet-Fast Color in Sportswear

Reinach, Switzerland  - Archroma, a global leader in color and specialty chemicals towards sustainable solutions, recently launched at the ITMA exhibition its new Foron® SP-WF, a range of high wet-fast disperse dyes for sportswear and active wear applications.

The Foron® SP-WF dyes are especially suited for the coloration of polyester fibers and microfibers, and polyester/elastane blends, in exhaustion application.
The Foron® SP-WF dyes were developed in compliance with “The Archroma Way: safe, efficient, enhanced, it’s our nature”. The approach finds its origin in Archroma’s deep belief that it is possible to make the textile industry sustainable, economically and ecologically.

Reinach, Switzerland  - Archroma, a global leader in color and specialty chemicals towards sustainable solutions, recently launched at the ITMA exhibition its new Foron® SP-WF, a range of high wet-fast disperse dyes for sportswear and active wear applications.

The Foron® SP-WF dyes are especially suited for the coloration of polyester fibers and microfibers, and polyester/elastane blends, in exhaustion application.
The Foron® SP-WF dyes were developed in compliance with “The Archroma Way: safe, efficient, enhanced, it’s our nature”. The approach finds its origin in Archroma’s deep belief that it is possible to make the textile industry sustainable, economically and ecologically.

The new product is at the core of Archroma's Fast Sport, a coloration system for polyester knitted sportswear, providing the best fastness in the shortest possible time with a reduced environmental footprint.
The Foron® SP-WF range which includes primary and ternary color grades has been developed to fulfil the high color wet fastness and performance requirements of sportswear manufacturers and brands.
Moreover, the core ternary color grades enable deep shades at lower dyeing temperatures on sensitive polyester/elastane fabrics without causing excessive fiber damage, saving energy resources and meeting the high fastness demand of leading brand companies.

When using Foron® SP-WF dyes as part of the Fast Sport system, manufacturers can in many cases have the potential to significantly reduce their consumption of time, energy, chemical, and water, as well as their CO2 emissions.

“We see a growing demand for apparel in the sportswear and active wear segment, reinforced with the now installed athleisure trend,” says Mark Dohmen, Head of Archroma’s Competence Center Automotive and Synthetic Dyes. “Consumers want deep color that stays put on the fiber and brands are defining their requirements accordingly. With our Foron® SP-WF, we can offer to manufacturers of sportswear textiles a solution that combines high levels of wet fastness with high productivity and low resource consumption. Because it’s our nature!”

More information:
Archroma Sportswear Fibers
Source:

Archroma

26.06.2019

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

 

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

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

 

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

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

More information:
Lenzing Tencel-Lyocell
Source:

Corporate Communications & Investor Relations Team Lenzing AG

(c) Filidea
19.06.2019

FILIDEA announces the aquisition of HOFTEX CORETECH GmbH

The italian Company Filidea s.r.l., specialized in technical and performing products made out of natural, synthetic and artificial fibers, announces the acquisition of Hoftex CoreTech GmbH from the German group Hoftex. The agreement was signed on May 18th, the closing time for this acquisition is fixed on September 1st. Through this acquisition, Filidea confirms its international dimension, consolidates its leadership within the sector of technical yarns and expands its presence in the European territory.

The italian Company Filidea s.r.l., specialized in technical and performing products made out of natural, synthetic and artificial fibers, announces the acquisition of Hoftex CoreTech GmbH from the German group Hoftex. The agreement was signed on May 18th, the closing time for this acquisition is fixed on September 1st. Through this acquisition, Filidea confirms its international dimension, consolidates its leadership within the sector of technical yarns and expands its presence in the European territory.

More information:
Hoftex Filidea
Source:

Filidea Press Office

11.06.2019

Hexcel at Paris Air Show 2019: Le Bourget, 17 – 23 June

STAMFORD, Conn. – At this year's Paris Airshow [Le Bourget, June 17-23] Hexcel will promote a range of carbon fibers and composite materials used to manufacture high-performance weight-saving structures in civil aircraft, engines, helicopters, and space applications.

Visitors to the Hexcel stand will see an Integrated Wing Panel demonstrator and an I-beam, both made with HiTape® carbon fiber reinforcements. HiTape® dry carbon reinforcements were developed for the automated lay-up of preforms and to complement a new generation of HiFlow™ resin systems, producing high-quality aerospace structures using the resin infusion process. The reinforcements incorporate a toughening veil to enhance mechanical properties and meet the structural requirements for aerospace parts. The I-Beam was manufactured using C-RTM (Compression Resin Transfer Molding) and was injected with Hexcel’s RTM6 resin in a process taking less than five minutes.

STAMFORD, Conn. – At this year's Paris Airshow [Le Bourget, June 17-23] Hexcel will promote a range of carbon fibers and composite materials used to manufacture high-performance weight-saving structures in civil aircraft, engines, helicopters, and space applications.

Visitors to the Hexcel stand will see an Integrated Wing Panel demonstrator and an I-beam, both made with HiTape® carbon fiber reinforcements. HiTape® dry carbon reinforcements were developed for the automated lay-up of preforms and to complement a new generation of HiFlow™ resin systems, producing high-quality aerospace structures using the resin infusion process. The reinforcements incorporate a toughening veil to enhance mechanical properties and meet the structural requirements for aerospace parts. The I-Beam was manufactured using C-RTM (Compression Resin Transfer Molding) and was injected with Hexcel’s RTM6 resin in a process taking less than five minutes.

Hexcel honeycomb saves weight and enhances stiffness in composite structures, and the company provides a range of engineered core solutions that enable highly contoured parts with precision profiling to be produced to exact customer specifications. A sample part made from aluminum FlexCore® that is CNC machined on both sides and formed and stabilized with both peel ply and flyaway layers of stabilization will be on display.

Another honeycomb innovation is Hexcel’s Acousti-Cap® broadband noise-reducing honeycomb that significantly improves acoustic absorption in aircraft engine nacelles. The acoustic treatment may be positioned at a consistent depth and resistance within the core or can be placed in a pattern of varying depths and/or resistances (Multi-Degrees of Freedom and 3 Degrees Of Freedom), offering an acoustic liner that is precisely tuned to the engine operating conditions. These technologies have been tested at NASA on a full engine test rig and meet all 16 design conditions without trade-offs.
Another Hexcel technology to benefit aircraft engines is HexShield™ honeycomb which provides high-temperature resistance in nacelles. By inserting a thermally resistant material into honeycomb cells, Hexcel provides a core product with unique heat-shielding capabilities that allows for the potential reuse of material after a fire.

With 50 years of experience behind its comprehensive range of high-strength, high-strain PAN-based carbon fibers, Hexcel continues to innovate and is introducing two new fibers to its portfolio. HexTow® HM50 combines high modulus and high tensile strength, making it ideal for commercial and defense aircraft and engines. HexTow® 85 was developed specifically to replace rayon-based carbon fiber for ablative applications.

Another area of expertise that uses HexTow® carbon fiber is additive manufacturing, where Hexcel uses PEKK ultrahigh performance polymers and HexAM™ technology to manufacture carbon reinforced 3D printed parts. This innovative process provides a weight-saving solution for intricate parts in highly demanding aerospace, satellite and defense applications. HexPEKK™ structures offer significant weight, cost and time-to-market reductions, replacing traditional cast or machined metallic parts with a new technology.

Later this year Hexcel will open a joint research and development laboratory in Les Avenières (Isère), France with Arkema to develop carbon fiber-reinforced thermoplastic prepreg tapes for aerospace, space and defense applications. A spool of thermoplastic prepreg tape will be on display on Hexcel’s stand to showcase this cost-effective technology that enables lightweight parts to be produced in faster production cycles for future generations of aircraft.

Hexcel’s stand is located next to Hexcel’s official distributor for aerospace products, Groupe Gazechim Composites. In 2018, Hexcel and Gazechim formed a joint venture, HexCut Services, to provide aerospace and defense customers with customized kitting services that include Hexcel’s innovative carbon fiber prepreg, fabrics and adhesives. Pre-cut kits save customers time and investment, reduce inventory and minimize material losses through scrap reduction.

More information:
Hexcel Paris Air Show Composites
Source:

AGENCE APOCOPE

22.05.2019

Filidea: Premium range of racing suits for Formula 1 and the World Rally Championship

The last frontier of innovation in racing suits made with yarns in Metamicro is the model Prime SP-16+, designed in collaboration with the Team McLaren Honda F.1

The last frontier of innovation in racing suits made with yarns in Metamicro is the model Prime SP-16+, designed in collaboration with the Team McLaren Honda F.1

The spinning mill Filidea, joint venture between Marchi & Fildi spa and Abalıoğlu Holding A.Ş specialized in technical and high performance yarns with natural and synthtic fibers, is parter of Sparco, italian Company leader for the production of automotive components and technical apparels for the most important world Championships. The cooperation between the two Companies located in Piedmont, northern Italy, is focused on the supply of yarns with Metamicro in an exclusive composition, that are used for the production of the racing suits Sparco of the Premium range for Formula 1 and the World Rally Championship. The fire resistant yarn Metamicro based on aramidic fibers are a product of the latest generation, for their production it is necessary a special spinning line. The production is following the strict Sparco standards. Sparco controls all the production chain of racing suits, from Filidea, who has the competence to dye all the yarns with aramidic fibers in its own dyeing plant, to the woven fabric, produced and dyed in its own plant, to the woven fabric made by the italian Company TAT, till the production of garments. The process is always improved and tested.

Metamicro yarns are made by an high peformance spinning process. They are used for the production of fire resistant fabrics, that make a protection barrier for the body against flames and high temperature. The very fine micronage allows the production of very light fabrics with thick texture, the perfect base for light and comfortable suits. These features assure easier movements to the driver and the maximum protection from fire, keeping high breathability.

Filidea has invested on its production capacity of corespun yarns with XLANCE® technology, fiber used for the production of longlasting workwear apparel with an excellent fitting.

The spinning mill Filidea, joint venture between Marchi & Fildi spa and Abalıoğlu Holding A.Ş specialize in technical and high performance yarns with natural and synthtic fibers, is increasing its production of blends with XLANCE®.

XLANCE® is the innovative elastolefin fibe, elastic, chlorine and UV resistant. It finds application on workwear and outdoor clothing, with natural and comfort fitting. The comfort stretch feature follows the the body’s natural movement during the day-to-day work. Workwear clothing are so light, resistant and with a contemporary look. Resistance to abrasion and to frequent industrial laundry cycles with chemical products meet the needs of several professional sectors. XLANCE® is produced by ©Xlance srl, Company located in Varallo Pombia (province of Novara – Piedmont – Italy) that found in Filidea the perfect partner for the development of specific yarns, that are getting more and more requested. An innovation that is getting more important thanks to the cooperation of the two textile Companies located in Piedmont. Filidea has been producing XLANCE® yarns since 2009 and has now a great know-how. The Company to strengthens its leadership in technical yarns, for the main applications on protetictive garments, workwear, sportswear, racing and automotive. Filidea has developed and consolidated several partnerships for the creation of complete supply chains and the collaboration with ©Xlance is a perfect example.

Source:

Filidea

(c) Lenzing AG
17.05.2019

Lenzing traces its fibers with blockchain technology

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

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

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

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

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

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

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

Source:

Lenzing AG

Oerlikon feiert vier Weltpremieren zur ITMA Barcelona 2019 (c) Oerlikon
Oerlikon Shuttle ITMA 2019
08.05.2019

Oerlikon celebrates four world premieres at ITMA Barcelona 2019

  • Clean Technology. Smart Factory.

Remscheid – Oerlikon invites all visitors to this year's ITMA in Barcelona on a journey into the future of manmade fiber production. From 20 to 26 June 2019, the world market leader will show all its guests its vision of a sustainable and automated manmade fiber production in a virtual 4D showroom at its 1,000 m² stand in Hall 7, A101: "Clean Technology. Smart Factory." is the motto of the future. And this is only a stone's throw away from reality at the stand. Because today Oerlikon is presenting four world premieres for efficient machine and plant concepts in a new, innovative industrial design. Together with numerous other innovations, all this forms the new DNA of the Oerlikon Manmade Fibers segment.

The challenges for the manmade fiber industry are manifold and Oerlikon shows its customers solutions:

  • Clean Technology. Smart Factory.

Remscheid – Oerlikon invites all visitors to this year's ITMA in Barcelona on a journey into the future of manmade fiber production. From 20 to 26 June 2019, the world market leader will show all its guests its vision of a sustainable and automated manmade fiber production in a virtual 4D showroom at its 1,000 m² stand in Hall 7, A101: "Clean Technology. Smart Factory." is the motto of the future. And this is only a stone's throw away from reality at the stand. Because today Oerlikon is presenting four world premieres for efficient machine and plant concepts in a new, innovative industrial design. Together with numerous other innovations, all this forms the new DNA of the Oerlikon Manmade Fibers segment.

The challenges for the manmade fiber industry are manifold and Oerlikon shows its customers solutions:

1. Choosing the right business model
Price pressure on fiber and yarn manufacturers is growing due to global market consolidation. Here it is important to position oneself correctly. Are you producing polyester, nylon or polypropylene for the niche market and skimming off good margins with innovative products and ingenious material properties, or are you looking for business success through economies of scale in the volume market such as the constantly growing apparel sector? Oerlikon has the right answers for both business models. And the most important thing: the market leader supplies all solutions from a single source. See for yourself at the world premieres of the machine and system concepts of WINGS FDY PA6, BCF S8 Tricolor and the revolutionary eAFK Evo texturing machine.

2. Finding alternatives for good personnel
Finding good operators in the manmade fiber industry is becoming increasingly difficult, even in emerging industrial nations such as China, India and Turkey. The solution is obvious. What, for example, the automotive industry achieved years ago with the 3rd Industrial Revolution is now also taking its course in the textile industry. And at the same time it is even shifting up a gear. In the next step, automation in combination with digitization will lead to new, sustainable production. Oerlikon will be showing how automation and digitization interact at ITMA. Self-learning machines and systems, artificial intelligence (AI), remote services and edge computing are just a few of the key words in the digital half of the new Oerlikon Manmade Fibers DNA.

3. Guarantee quality and traceability
The qualities of the fibers and yarns must meet the highest demands and their production must be traceable throughout the textile value chain. This no longer only plays an important role in the automotive industry, where safety is of paramount importance. Other branches of industry that use fibers, yarns and nonwovens also want to know where the raw materials they produce for consumer articles come from. Legal regulations are demanding this more and more frequently. Oerlikon offers optimal solutions with its DIN ISO certified manufacturing processes. More than half of the world's manmade fiber producers are convinced every day that the qualities produced on Oerlikon Barmag, Oerlikon Neumag and Oerlikon Nonwoven equipment are right – and all visitors to ITMA can do the same on site.

4. Efficient and sustainable production
In the future, the materials produced from manmade fibers must become part of a further improved global recycling economy. The recycling of polyester – with over 80% market share the most frequently used manmade fiber in the world – has not only been on the agenda since today. Oerlikon already has solutions at hand: from PET bottles to fibers and filaments, to textiles and carpets. ITMA is the next step. With the VacuFil® Oerlikon in cooperation with the subsidiary company BBEngineering presents the world premiere No. 4 – a recycling solution within a running polyester production with a waste-free approach.

Vision becomes reality
The Oerlikon Manmade Fibers segment thus demonstrates what the ITMA in Barcelona promises as the world's leading trade fair for textile machinery and plant construction: "Innovating the world of textiles – sourcing for a sustainable future". In Hall 7, A101, this is already reality.

More information:
ITMA Oerlikon Fibers Automation
Source:

Oerlikon

(c) Oerlikon
18.04.2019

The materials that the future is made of ...

At home, at work, on the street, in the sky, on the water, even in space, technical textiles and nonwovens are swinging towards ever higher performances in amazing applications. Versatile and light, but sometimes stronger than metal, these materials of the future gain their superpowers from the interaction of precisely coordinated textile systems. At Techtextil in Frankfurt am Main from May 14 to 17, 2019 in Hall 3, B06, Oerlikon will be showing chemical fiber applications made of polyester, polypropylene and Co. and what they can do in these fields. However, these exhibits are only a communicative means to an end, as Oerlikon is primarily interested in placing the associated machinery and plant solutions at the centre of discussions with trade fair visitors.

At home, at work, on the street, in the sky, on the water, even in space, technical textiles and nonwovens are swinging towards ever higher performances in amazing applications. Versatile and light, but sometimes stronger than metal, these materials of the future gain their superpowers from the interaction of precisely coordinated textile systems. At Techtextil in Frankfurt am Main from May 14 to 17, 2019 in Hall 3, B06, Oerlikon will be showing chemical fiber applications made of polyester, polypropylene and Co. and what they can do in these fields. However, these exhibits are only a communicative means to an end, as Oerlikon is primarily interested in placing the associated machinery and plant solutions at the centre of discussions with trade fair visitors.

More than two thirds of all technical innovations are directly or indirectly based on new materials, says the German Research Ministry. One could add: The key to a more advanced world, for technological products with amazing functions, breathtaking performance and greater environmental benefits, is also to improve the properties and processing of materials. This applies first and foremost to textiles. Probably no other fabric is so strong as a "team player" who draws its strength from its cohesion. A single polyester thread, for example, looks inconspicuous. Processed into a thigh-thick special weave, however, high-strength High Modulus/High Tenacity fibers anchor floating oil platforms in the deepest waters. These kilometer-long "Mooring Ropes" withstand a breaking load of well over 1,000 tons and perform their task better than steel. For decades, Oerlikon Barmag has been offering special solutions for the production of so-called industrial yarns (IDY) that are tailored to customers worldwide. "We will once again be presenting numerous innovations at this trade fair to inspire our customers," explains Dr.-Ing. Dipl.-Chem. Roy Dolmans, Technology Manager IDY and R&D Filament Processing.

Source:

Oerlikon

17.04.2019

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

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

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

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

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

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

Source:

Lenzing AG

(c) Schoeller Textil AG
29.03.2019

Schoeller: NanoSphere® Plus protects against fingerprints and dirt

Techtextil 2019: Schoeller launches its new finishing technology called NanoSphere® Plus. The special effect of this new development is its protection against fingerprints and greasy stains. Furthermore, even after being absorbed by the fabric stains are quickly and easily wiped away without washing.

Every human being leaves its marks. In particular, on daily-use items that are picked up or touched often. Especially on textile surfaces, hand and fingerprints in combination with dirt and dust particles leave an unpleasant, greasy dirt film, which is very difficult to clean.

NanoSphere® Plus, developed by Schoeller Technologies AG, the business unit for technologies at Schoeller Textil AG, works on the basis of a functional chain. Textiles are equipped with a matrix finish to reduce the capillary effect in the textile’s fibers. Especially unpleasant sebum residues and dirt that are often released by finger and handprints are less absorbed by the fabric and can be easily wiped away.

Techtextil 2019: Schoeller launches its new finishing technology called NanoSphere® Plus. The special effect of this new development is its protection against fingerprints and greasy stains. Furthermore, even after being absorbed by the fabric stains are quickly and easily wiped away without washing.

Every human being leaves its marks. In particular, on daily-use items that are picked up or touched often. Especially on textile surfaces, hand and fingerprints in combination with dirt and dust particles leave an unpleasant, greasy dirt film, which is very difficult to clean.

NanoSphere® Plus, developed by Schoeller Technologies AG, the business unit for technologies at Schoeller Textil AG, works on the basis of a functional chain. Textiles are equipped with a matrix finish to reduce the capillary effect in the textile’s fibers. Especially unpleasant sebum residues and dirt that are often released by finger and handprints are less absorbed by the fabric and can be easily wiped away.

Beside the excellent protection against finger and handprints, textiles with NanoSphere® Plus are additionally water and oil repellent, abrasion resistant and extremely durable. The finishing technology rarely affects the look or feel of the fabric.

Non-washable textiles that are often touched by hands or fingers, or fabrics that are in direct contact with the skin benefit most from this new technology. Therefore, NanoSphere® Plus is ideal for woven fabrics and synthetic leather or synthetic suede for bags, covers of electronical devices, head phones, loud speakers or other items in the field of interior equipment.

More information:
Schoeller Textil AG
Source:

Schoeller Technologies AG

20.03.2019

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

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

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

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

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

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

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

 

More information:
Lenzing Group
Source:

Lenzing AG

05.03.2019

Lenzing Management Board proposes unchanged dividend and special dividend

  • Basic dividend to remain constant at EUR 3.00 per share
  • Special dividend of EUR 2.00 proposed once again

The Management Board of Lenzing AG, market leader in the production of specialty fibers made from the renewable raw material wood, has resolved to propose to the Annual General Meeting that the following dividend be distributed to shareholders for the 2018 financial year: a basic dividend of EUR 3.00 per share and a special dividend of EUR 2.00 per share.

This dividend proposal reflects the good implementation of the corporate strategy sCore TEN and the company’s strong balance sheet. Performance indicators and the outlook of Lenzing AG for the current financial year will be published on March 14, 2019.

The total dividend payout to shareholders will amount to about EUR 133 mn, subject to the acceptance of the proposal by the Supervisory Board at its meeting scheduled for March 13, 2019 for the purpose of approving the consolidated financial statements as well as the approval granted by Lenzing AG shareholders at the Annual General Meeting on April 17, 2019.

  • Basic dividend to remain constant at EUR 3.00 per share
  • Special dividend of EUR 2.00 proposed once again

The Management Board of Lenzing AG, market leader in the production of specialty fibers made from the renewable raw material wood, has resolved to propose to the Annual General Meeting that the following dividend be distributed to shareholders for the 2018 financial year: a basic dividend of EUR 3.00 per share and a special dividend of EUR 2.00 per share.

This dividend proposal reflects the good implementation of the corporate strategy sCore TEN and the company’s strong balance sheet. Performance indicators and the outlook of Lenzing AG for the current financial year will be published on March 14, 2019.

The total dividend payout to shareholders will amount to about EUR 133 mn, subject to the acceptance of the proposal by the Supervisory Board at its meeting scheduled for March 13, 2019 for the purpose of approving the consolidated financial statements as well as the approval granted by Lenzing AG shareholders at the Annual General Meeting on April 17, 2019.

More information:
Lenzing AG
Source:

Lenzing AG