21.03.2017, 4285 Zeichen

Corporate news transmitted by euro adhoc. The issuer/originator is solely responsible for the content of this announcement.
Company Information
Expansion of capacities for premium specialty fibers by 25,000 tons\nInvestments of about EUR 70 mn over the next twelve months\nProject highlights strategic importance of Heiligenkreuz for TENCEL® premium fibers\nHeiligenkreuz - The Lenzing Group is expanding production capacities for its specialty fiber TENCEL® at its site in Heiligenkreuz, Burgenland. After obtaining all required approvals and permits, the expansion project was initiated today, Tuesday, March 21, 2017. The ground-breaking ceremony was attended by Lenzing CEO Stefan Doboczky, along with Bernd Zauner and Dieter Eichinger, the two managing directors of Lenzing Fibers, Burgenland's Provincial Governor Hans Niessl and Alexander Petschnig, the Regional Minister for Economic Affairs.
"We will invest about EUR 70 mn over the coming twelve-month period to expand production capacities for our high-quality botanic specialty fibers", Doboczky says. "With this investment we are responding to strong global demand for new types of TENCEL® premium fibers such as the RefibraTM fiber, using cotton scraps from the manufacturing of cotton garments and wood as raw materials. This fiber makes a widely-recognized contribution to the circular economy in the textile industry. The fiber was very successfully launched on the market in February by our strategic partner Inditex in its Zara stores", he adds.
Annual production capacities for fibers will be increased by about 25,000 tons as a result of the investment. The fibers will be available to customers starting at the end of the first quarter of 2018. "We launched the production of lyocell fibers in Heiligenkreuz 20 years ago, and have expanded the site to make it to one of the largest industrial employer in Southern Burgenland. The new investments comprise a further important milestone in our success story, and will provide added impetus to growth in a structurally weak region", states Zauner.
Lenzing put its first industrial-scale lyocell fiber production facility into operation 20 years ago. Today the fibers are sold under the TENCEL® brand name. A recent study carried out under the scientific supervision of Friedrich Schneider, Professor at Johannes Kepler University in Linz, concluded that the Lenzing plant in Heiligenkreuz generates considerable regional economic effects. In addition to the approximately 230 jobs at Lenzing Fibers itself, around 940 additional jobs are secured on a long-term basis thanks to the company's economic activities in the region. The additional value creation equals about EUR 102 mn per year.
In its 20-year history, the Heiligenkreuz plant has sold close to 700,000 tons of fibers and exported the majority across the globe, as far away as China, Korea and Japan. The factory in Heiligenkreuz has been continuously expanded due to rapidly growing demand. Up until now, Lenzing has invested a total of roughly EUR 750 mn to build and extend production capacities for TENCEL® fibers. In addition to the Heiligenkreuz facility, these specialty fibers are also manufactured at the Lenzing site, in Mobile (USA) and Grimsby (Great Britain).
The lyocell technology applied in Heiligenkreuz is characterized by a very good environmental performance. The cellulose fibers are derived from the renewable raw material wood in a closed-loop process, resulting in a minimal amount of environmentally harmful emissions. Due to their outstanding properties, TENCEL® fibers boast a particularly broad range of applications, both in the world of fashion as well as technical areas and nonwovens. Lenzing is the leading producer of lyocell fibers by far, and is continually upgrading and refining this technology.
Photo download: https://mediadb.lenzing.com/pindownload/login.do?pin=Z145W PIN-Code: Z145W


end of announcement euro adhoc

company: Lenzing AG


             A-A-4860 Lenzing
phone:       +43 7672-701-0
FAX:         +43 7672-96301
mail:        office@lenzing.com
WWW:         http://www.lenzing.com
sector:      Chemicals
ISIN:        AT0000644505
indexes:     WBI, ATX, Prime Market
stockmarkets: official market: Wien
language:    English




Digital press kit: http://www.ots.at/pressemappe/1597/aom



  
  



 BSN Podcasts


      Christian Drastil: Wiener Börse Plausch
      
         



        
Wiener Börse Party #1118: ATX schwer unter Druck, Isabella de Krassny zu Semperit, Staat mit zusätzlicher Kapitalmarkt-Belastung
        
      






        


        Lenzing




Akt. Indikation:      20.05 /     20.20

Uhrzeit:  22:59:50

Veränderung zu letztem SK:       2.57%

Letzter SK:     19.62 (  -9.59%)







 

 
 BSNgine
 
      

        
          
          
               
          
          Top/Flop Diashows
        
      
      

        
          
          
               
          
          Star/Rutsch der Stunde
        
      
      

        
          
          
               
          
          Matrix
          


        
      
      

        
          
          
               
          
          Moving Averages
          


        
      
      

        
          
          
               
          
          Märkte/ Indikationen
        
      

      


      

        
          
          
               
          
          Tagessieger/ verlierer
        
      
      

        
          
          
               
          
          „n“ Tage Top/Flop
        
      
      

        
          
          
               
          
          Umsatz
        
      
      

        
          
          
               
          
          BS-Hitparade
        
      
      

        
          
          
               
          
          Reporting Days
        
      

  
  

  



    

        
Bildnachweis
        

          
          1.
          Stephanie Kniep (Lenzing AG) als „auskunftsfreudigste IR-Managerin“
          , (© C.I.R.A./APA-Fotoservice/Bargad Fotograf/in: Nadine Bargad)   >> Öffnen auf photaq.com
          
          


        
  

    
Aktien auf dem Radar:Semperit, Flughafen Wien, RHI Magnesita, EuroTeleSites AG, Polytec Group, Bajaj Mobility AG, UBM, Mayr-Melnhof, CPI Europe AG, Austriacard Holdings AG, Andritz, Athos Immobilien, AT&S, DO&CO, Erste Group, FACC, Frequentis, Lenzing, OMV, Palfinger, Porr, SBO, Telekom Austria, voestalpine, Wienerberger, Wolford, Zumtobel, BKS Bank Stamm, Oberbank AG Stamm, Agrana, Amag.
    
 



  

  
Random Partner


    

        
            
                
            
        
    
    

        

            Polytec

            Die Polytec Group ist ein Entwickler und Hersteller von hochwertigen Kunststoffteilen und ist mit 26 Standorten und über 4.500 Mitarbeitern weltweit aktiv. Das österreichische Unternehmen zählt renommierte Weltmarken der Automobilindustrie zu seinen Kunden.
        
    
    
>> Besuchen Sie 54 weitere Partner auf boerse-social.com/partner


 


      

            

                Mehr aktuelle OTS-Meldungen HIER
            
  


      

          
Useletter
          

          Die Useletter "Morning Xpresso" und "Evening Xtrakt" heben sich deutlich von den gängigen Newslettern ab.
          Beispiele ansehen bzw. kostenfrei anmelden. Wichtige Börse-Infos garantiert.

Newsletter abonnieren
          
          
Runplugged
          

            Infos über neue Financial Literacy Audio Files für die Runplugged App
            
(kostenfrei downloaden über http://runplugged.com/spreadit)
            

per Newsletter erhalten