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21st Austria weekly - Andritz, Lenzing (27/07/2021)

01.08.2021

Andritz: International technology Group Andritz has received an order from Renewcell to supply textile recycling equipment to its greenfield recycling plant in Sundsvall, Sweden. Start-up of the plant is scheduled for the first half of 2022. Core elements of the new recycling system will be Andritz ADuro shredders, which will shred used textiles in only one shredding step. With unique capabilities, the ADuro shredders cut the incoming material uniformly and cleanly while enabling a very high throughput. In the subsequent separation stages, contaminants like buttons and zippers will be removed from the shredded textiles. Renewcell uses this pre-treated material to produce a pure, natural dissolving pulp made from 100% recycled textiles. In addition, the scope of supply includes additional key pieces of equipment. With the state-of-the-art equipment from Andritz, up to 60,000 tons of used textiles per year can be handled in the new recycling plant.
Andritz: weekly performance: -1.02%

Lenzing: The fiber producer Lenzing recorded a significantly improved development of its operating result in the first half of 2021. The preliminary EBITDA (earnings before interest, tax, depreciation and amortization) more than doubled year-on-year to Euro 217.8 mn (compared to Euro 95.6 mn in the first half of 2020). The currently positive environment is still characterized by a high level of uncertainty regarding the COVID-19 pandemic. Despite the continued limited visibility, the Managing Board of the Lenzing Group raises the outlook for the 2021 financial year. Taking into account the above factors and due to the very positive development of the first half of the year, the Lenzing Group expects the EBITDA in 2021 to reach at least a level of Euro 360 mn.
Lenzing: weekly performance: 5.63%

(From the 21st Austria weekly https://www.boerse-social.com/21staustria (27/07/2021)


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21st Austria weekly - Andritz, Lenzing (27/07/2021)


01.08.2021


Andritz: International technology Group Andritz has received an order from Renewcell to supply textile recycling equipment to its greenfield recycling plant in Sundsvall, Sweden. Start-up of the plant is scheduled for the first half of 2022. Core elements of the new recycling system will be Andritz ADuro shredders, which will shred used textiles in only one shredding step. With unique capabilities, the ADuro shredders cut the incoming material uniformly and cleanly while enabling a very high throughput. In the subsequent separation stages, contaminants like buttons and zippers will be removed from the shredded textiles. Renewcell uses this pre-treated material to produce a pure, natural dissolving pulp made from 100% recycled textiles. In addition, the scope of supply includes additional key pieces of equipment. With the state-of-the-art equipment from Andritz, up to 60,000 tons of used textiles per year can be handled in the new recycling plant.
Andritz: weekly performance: -1.02%

Lenzing: The fiber producer Lenzing recorded a significantly improved development of its operating result in the first half of 2021. The preliminary EBITDA (earnings before interest, tax, depreciation and amortization) more than doubled year-on-year to Euro 217.8 mn (compared to Euro 95.6 mn in the first half of 2020). The currently positive environment is still characterized by a high level of uncertainty regarding the COVID-19 pandemic. Despite the continued limited visibility, the Managing Board of the Lenzing Group raises the outlook for the 2021 financial year. Taking into account the above factors and due to the very positive development of the first half of the year, the Lenzing Group expects the EBITDA in 2021 to reach at least a level of Euro 360 mn.
Lenzing: weekly performance: 5.63%

(From the 21st Austria weekly https://www.boerse-social.com/21staustria (27/07/2021)




 

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