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21st Austria weekly - Lenzing/Palmers (21/05/2020)

24.05.2020

Lenzing/Palmers: In May, the newly founded company Hygiene Austria, established by stock listed Lenzing AG and bodywear company Palmers Textil AG,  started the production of face masks in Austria. The product range includes mouth-nose safety masks, FFP2-masks as well as coloured face masks for children. From the very beginning, the founders of Hygiene Austria LP GmbH intended to supply protective solutions not only to Austrian citizens, but also abroad. As a production site, the Lenzing facilities in Grimsby, in the Yorkshire and Humber region, were the best option. Phil Munson, Operations Director at Grimsby: "We are eager to play a leading role to ensure the primary health care to the UK population as a key supplier teaming up with our National Health Service (NHS). Moreover, we can count on highly experienced service and maintenance personnel here in Grimsby." Like in Austria, new jobs will be created in Grimsby as well. Phil Munson estimates that within the next three months there will be approximately 60 new positions. The set-up of Wiener Neudorf (Austria) serves as a blue print for the production in Grimsby, the gained experience will allow an even faster and smoother production start. At the site in Grimsby first production machines will be installed in May in order to be able to start producing masks between end of May / beginning of June with a monthly capacity of 10 million pieces. Pittsburgh (Pennsylvania) based law firm Reed Smith provided legal counsel on the incorporation of the subsidiary.
Lenzing: weekly performance: -3.76%

(From the 21st Austria weekly https://www.boerse-social.com/21staustria (21/05/2020)


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21st Austria weekly - Lenzing/Palmers (21/05/2020)


24.05.2020


Lenzing/Palmers: In May, the newly founded company Hygiene Austria, established by stock listed Lenzing AG and bodywear company Palmers Textil AG,  started the production of face masks in Austria. The product range includes mouth-nose safety masks, FFP2-masks as well as coloured face masks for children. From the very beginning, the founders of Hygiene Austria LP GmbH intended to supply protective solutions not only to Austrian citizens, but also abroad. As a production site, the Lenzing facilities in Grimsby, in the Yorkshire and Humber region, were the best option. Phil Munson, Operations Director at Grimsby: "We are eager to play a leading role to ensure the primary health care to the UK population as a key supplier teaming up with our National Health Service (NHS). Moreover, we can count on highly experienced service and maintenance personnel here in Grimsby." Like in Austria, new jobs will be created in Grimsby as well. Phil Munson estimates that within the next three months there will be approximately 60 new positions. The set-up of Wiener Neudorf (Austria) serves as a blue print for the production in Grimsby, the gained experience will allow an even faster and smoother production start. At the site in Grimsby first production machines will be installed in May in order to be able to start producing masks between end of May / beginning of June with a monthly capacity of 10 million pieces. Pittsburgh (Pennsylvania) based law firm Reed Smith provided legal counsel on the incorporation of the subsidiary.
Lenzing: weekly performance: -3.76%

(From the 21st Austria weekly https://www.boerse-social.com/21staustria (21/05/2020)




 

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