Lenzing: Austrian based fibers producer Lenzing contracts Wood to deliver world ́s largest lyocell plant. With the recently announced plans to establish a lyocell production facility in Thailand, the Lenzing Group is taking an important step in meeting the strong demand for lyocell fibers and is further strengthening the company ́s position as an industry leader in the specialty cellulosic fibers market. The proposed plant will be the largest lyocell plant in the world, with an annual capacity of 100,000 tons. The total investment volume for the first production line, including infrastructure and site development, amounts to approximately EUR 400 million. With Wood, Lenzing has found the ideal partner for this – both companies signed an Engineering, Procurement and Construction Management (EPCM) contract on the 15th of August 2019. Wood was selected on the basis of having the skills needed for a project of this size and an experienced team with a strong reputation for delivering in line with project stipulations. An important element for Lenzing is the start-up date of this project which was also confirmed by Wood. Following the plant completion in the third quarter of 2021, Lenzing expects to produce the first fibers at this site in the fourth quarter of the same year.
Lenzing: weekly performance: 6.95%