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Lenzing contracts Wood to deliver world´s largest lyocell plant

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12.09.2019, 4527 Zeichen

Ludwig Nießen (Wiener Börse, Stefan Doboczky (Lenzing), (© Wiener Börse AG/APA-Fotoservice) >> Öffnen auf photaq.com Corporate news transmitted by euro adhoc with the aim of a Europe-wide ...

... distribution. The issuer is responsible for the content of this announcement.Professional partner confirms start-up date of the project in ThailandCompany Information/ContractsBangkok - With the recently announced plans to establish a lyocell productionfacility in Thailand, the Lenzing Group is taking an important step in meetingthe strong demand for lyocell fibers and is further strengthening the company´sposition as an industry leader in the specialty cellulosic fibers market. Theproposed plant will be the largest lyocell plant in the world, with an annualcapacity of 100,000 tons. The total investment volume for the first productionline, including infrastructure and site development, amounts to approximatelyEUR 400 million. Up to four such lines can be potentially integrated andoperated on the site. The project is of great importance to Lenzing as it is thefirst step in bringing lyocell production to Asia, featuring the largestmarkets, the most important customers and the most extensive growth potential inspecialty fiber production.Zwtl.: Industrial Park 304 in Prachinburi: the ideal site for this projectThe project to build a plant in Prachinburi, Thailand was approved in June 2019.Industrial Park 304 in Prachinburi, located about 150 kilometers east of theThai capital Bangkok, was selected due to its excellent overall infrastructureand the sustainable biogenic energy supply, which will help Lenzing to meet itsambitious CO2 targets. Above all, the excellent cooperation with the ThailandBoard of Investment (BOI), the country's free trade agreements with China andeasy access to ASEAN's growing middle class market were all decisive factors inselecting this site. The availability of local staff (for the planned workforceof close to 300 employees) with the required educational background to drivegrowth was also an important factor. The well-established operator of theindustrial park, with whom Lenzing has already signed contracts for utilityservices, was also a reason for choosing Prachinburi.Zwtl.: Wood - the ideal engineering partnerA further important step was the selection of a professional engineering partnerfor crucial tasks such as detailed engineering, purchasing and constructionmanagement and supervision, including quality, safety, cost and progresscontrol. These services will be provided as part of an Engineering, Procurementand Construction Management (EPCM) contract.With Wood, Lenzing has found the ideal partner for this - both companies signedan EPCM contract on the 15th of August 2019. Wood was selected on the basis ofhaving the skills needed for a project of this size and an experienced team witha strong reputation for delivering in line with project stipulations. Animportant element for Lenzing is the start-up date of this project which wasalso confirmed by Wood. Following the plant completion in the third quarter of2021, Lenzing expects to produce the first fibers at this site in the fourthquarter of the same year."Growing organically on a global scale requires a strong partner in designingand building up the production assets. I am convinced that we have found theright partner in Wood. During the kick-off meetings we could feel the energy ofthe integrated team and their eagerness to drive that project to a successfulcompletion and start-up in the second half of 2021", says Heiko Arnold, CTO ofthe Lenzing Group.Mike Collins, President of Capital Projects in Wood's Asset Solutions businessacross Europe, Africa, Asia & Australia, adds: "We are delighted to have beenchosen by Lenzing to help deliver what will be the world's largest lyocellplant. Being selected to lead a project of this scale and complexity istestament to the outstanding technical capability we have in our Asia Pacificbusiness, and our strong understanding of the local market environment inThailand where we have been operating for over 50 years."Photo download:https://mediadb.lenzing.com/pinaccess/showpin.do?pinCode=FX1ySrGVXnWD [https://mediadb.lenzing.com/pinaccess/showpin.do?pinCode=FX1ySrGVXnWD]PIN: FX1ySrGVXnWDend of announcement euro adhocissuer: Lenzing AG A-4860 Lenzingphone: +43 7672-701-0FAX: +43 7672-96301mail: office@lenzing.comWWW: http://www.lenzing.comISIN: AT0000644505indexes: WBI, ATXstockmarkets: Wienlanguage: EnglishDigital press kit: http://www.ots.at/pressemappe/1597/aom

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Lenzing
Akt. Indikation:  69.40 / 70.30
Uhrzeit:  23:00:36
Veränderung zu letztem SK:  -0.07%
Letzter SK:  69.90 ( -1.27%)



 

Bildnachweis

1. Ludwig Nießen (Wiener Börse, Stefan Doboczky (Lenzing) , (© Wiener Börse AG/APA-Fotoservice)   >> Öffnen auf photaq.com

Aktien auf dem Radar:Strabag, S Immo, Marinomed Biotech, Zumtobel, Frequentis, Flughafen Wien, Wienerberger, SBO, Frauenthal, Kapsch TrafficCom, OMV, Porr, Oberbank AG Stamm, Amag, Bawag, Erste Group, Mayr-Melnhof, Polytec Group, RBI, Uniqa, Siemens Energy, Covestro, Ahlers, Uniper, Verbund.


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    Lenzing contracts Wood to deliver world´s largest lyocell plant


    12.09.2019, 4527 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.Professional partner confirms start-up date of the project in ThailandCompany...

    ...- With the recently announced plans to establish a lyocell productionfacility in Thailand, the Lenzing Group is taking an important step in meetingthe strong demand for lyocell fibers and is further strengthening the company´sposition as an industry leader in the specialty cellulosic fibers market. Theproposed plant will be the largest lyocell plant in the world, with an annualcapacity of 100,000 tons. The total investment volume for the first productionline, including infrastructure and site development, amounts to approximatelyEUR 400 million. Up to four such lines can be potentially integrated andoperated on the site. The project is of great importance to Lenzing as it is thefirst step in bringing lyocell production to Asia, featuring the largestmarkets, the most important customers and the most extensive growth potential inspecialty fiber production.Zwtl.: Industrial Park 304 in Prachinburi: the ideal site for this projectThe project to build a plant in Prachinburi, Thailand was approved in June 2019.Industrial Park 304 in Prachinburi, located about 150 kilometers east of theThai capital Bangkok, was selected due to its excellent overall infrastructureand the sustainable biogenic energy supply, which will help Lenzing to meet itsambitious CO2 targets. Above all, the excellent cooperation with the ThailandBoard of Investment (BOI), the country's free trade agreements with China andeasy access to ASEAN's growing middle class market were all decisive factors inselecting this site. The availability of local staff (for the planned workforceof close to 300 employees) with the required educational background to drivegrowth was also an important factor. The well-established operator of theindustrial park, with whom Lenzing has already signed contracts for utilityservices, was also a reason for choosing Prachinburi.Zwtl.: Wood - the ideal engineering partnerA further important step was the selection of a professional engineering partnerfor crucial tasks such as detailed engineering, purchasing and constructionmanagement and supervision, including quality, safety, cost and progresscontrol. These services will be provided as part of an Engineering, Procurementand Construction Management (EPCM) contract.With Wood, Lenzing has found the ideal partner for this - both companies signedan EPCM contract on the 15th of August 2019. Wood was selected on the basis ofhaving the skills needed for a project of this size and an experienced team witha strong reputation for delivering in line with project stipulations. Animportant element for Lenzing is the start-up date of this project which wasalso confirmed by Wood. Following the plant completion in the third quarter of2021, Lenzing expects to produce the first fibers at this site in the fourthquarter of the same year."Growing organically on a global scale requires a strong partner in designingand building up the production assets. I am convinced that we have found theright partner in Wood. During the kick-off meetings we could feel the energy ofthe integrated team and their eagerness to drive that project to a successfulcompletion and start-up in the second half of 2021", says Heiko Arnold, CTO ofthe Lenzing Group.Mike Collins, President of Capital Projects in Wood's Asset Solutions businessacross Europe, Africa, Asia & Australia, adds: "We are delighted to have beenchosen by Lenzing to help deliver what will be the world's largest lyocellplant. Being selected to lead a project of this scale and complexity istestament to the outstanding technical capability we have in our Asia Pacificbusiness, and our strong understanding of the local market environment inThailand where we have been operating for over 50 years."Photo download:https://mediadb.lenzing.com/pinaccess/showpin.do?pinCode=FX1ySrGVXnWD [https://mediadb.lenzing.com/pinaccess/showpin.do?pinCode=FX1ySrGVXnWD]PIN: FX1ySrGVXnWDend of announcement euro adhocissuer: Lenzing AG A-4860 Lenzingphone: +43 7672-701-0FAX: +43 7672-96301mail: office@lenzing.comWWW: http://www.lenzing.comISIN: AT0000644505indexes: WBI, ATXstockmarkets: Wienlanguage: EnglishDigital press kit: http://www.ots.at/pressemappe/1597/aom

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    Christian Drastil: Wiener Börse Plausch

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    Lenzing
    Akt. Indikation:  69.40 / 70.30
    Uhrzeit:  23:00:36
    Veränderung zu letztem SK:  -0.07%
    Letzter SK:  69.90 ( -1.27%)



     

    Bildnachweis

    1. Ludwig Nießen (Wiener Börse, Stefan Doboczky (Lenzing) , (© Wiener Börse AG/APA-Fotoservice)   >> Öffnen auf photaq.com

    Aktien auf dem Radar:Strabag, S Immo, Marinomed Biotech, Zumtobel, Frequentis, Flughafen Wien, Wienerberger, SBO, Frauenthal, Kapsch TrafficCom, OMV, Porr, Oberbank AG Stamm, Amag, Bawag, Erste Group, Mayr-Melnhof, Polytec Group, RBI, Uniqa, Siemens Energy, Covestro, Ahlers, Uniper, Verbund.


    Random Partner

    Agrana
    Die Agrana Beteiligungs-AG ist ein Nahrungsmittel-Konzern mit Sitz in Wien. Agrana erzeugt Zucker, Stärke, sogenannte Fruchtzubereitungen und Fruchtsaftkonzentrate sowie Bioethanol. Das Unternehmen veredelt landwirtschaftliche Rohstoffe zu vielseitigen industriellen Produkten und beliefert sowohl lokale Produzenten als auch internationale Konzerne, speziell die Nahrungsmittelindustrie.

    >> Besuchen Sie 64 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


    Ausgewählte Events von BSN-Partnern


    Meistgelesen
    >> mehr





    PIR-Zeichnungsprodukte
    AT0000A2T4E5
    AT0000A28S90
    AT0000A2GHJ9


    Newsflow
    >> mehr

    Börse Social Club Board
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      #gabb #1231

      Featured Partner Video

      Vier an einem Tag

      Das Sporttagebuch mit Michael Knöppel - 22. November 2022 E-Mail: sporttagebuch.michael@gmail.com Instagram: @das_sporttagebuch Twitter: @Sporttagebuch_
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