26.06.2019, 3751 Zeichen

Corporate news transmitted by euro adhoc with the aim of a Europe-wide distribution. The issuer is responsible for the content of this announcement.
Strategic Management Decisions
Highlights -
Lenzing plans to invest more than EUR 1 bn in new lyocell fiber production facilities\nFirst expansion phase with 100,000 tons approved in Thailand\nState-of-the-art production plant enhances global specialty fibers footprint\nAccelerates business growth with TENCEL(TM) branded fibers\nBiogenic energy supply fosters low CO2 emissions and climate protection\nLenzing - 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.
The plant sets a new milestone in the history of lyocell fibers and will be the largest site of its kind. Site grading at Industrial Park 304 around 150 kilometers east of Bangkok has been completed successfully and the investment is fully supported by the Board of Investment (BOI) of Thailand. Construction will start this fall and production will commence towards the end of 2021.
"TENCEL(TM) lyocell fibers are considered a benchmark in ecologically responsible fibers. This expansion underscores Lenzing's commitment to improve the ecological footprint of the global textile industry", says Stefan Doboczky, Chief Executive Officer of the Lenzing Group. "This investment in Thailand represents the next consistent step in the implementation of our sCore TEN strategy and will help to further transform Lenzing into a specialty fibers company", Doboczky adds.
Thailand has favorable trade agreements with the major Asian economic blocks. The selection of Industrial Park 304 in Prachinburi was based on its excellent overall infrastructure and the sustainable biogenic energy supply, which leads to low CO2 emissions to protect the climate. Over the coming years Lenzing will further expand at the site in Thailand, which has space for several plants. The investment in the first phase already includes the general infrastructure that will benefit future expansion. Lenzing will continue to look for potentially expanding lyocell production in other parts of the world as well.
"The project has received very good attention in the engineering market. Lenzing aims at implementing the project in a strategic partnership with an international engineering company also chosen for its capability to support Lenzing's further organic growth worldwide. Integrated teams including an international and highly skilled Lenzing workforce will work together with the engineering contractor, which will be selected soon. Commissioning of the plant and start of production will take place in the second half of 2021", says Heiko Arnold, Chief Technology Officer of the Lenzing Group.
Photo download: https://mediadb.lenzing.com/pinaccess/showpin.do?pinCode=vKJibye9yuYf [https:// mediadb.lenzing.com/pinaccess/showpin.do?pinCode=vKJibye9yuYf] PIN: vKJibye9yuYf
end of announcement euro adhoc
issuer: Lenzing AG
A-A-4860 Lenzing phone: +43 7672-701-0 FAX: +43 7672-96301 mail: office@lenzing.com WWW: http://www.lenzing.com ISIN: AT0000644505 indexes: WBI, ATX stockmarkets: Wien language: English
Digital press kit: http://www.ots.at/pressemappe/1597/aom

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Lenzing

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1. Die Lenzing Gruppe hat den renommierten TRIGOS Award in der Kategorie Klimaschutz verliehen bekommen. Die Trophäe wurde von Robert van de Kerkhof, Marketing- und Vertriebsvorstand der Lenzing AG, im Rahmen einer feierlichen Gala mit mehr als 200 Gästen aus Politik, Wirtschaft, Zivilgesellschaft und etlichen Ehrengästen entgegengenommen. Ausgezeichnet wurde Lenzings REFIBRA™ Technologie zur Herstel , (© Aussendung)   >> Öffnen auf photaq.com

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