Lenzing news and archive

Radical transparency: How much do you know?

Test your knowledge on the challenges and innovative solutions surrounding radical transparency with this fun, interactive test. powered by Typeform Source: McKinsey, Business of Fashion

Report

Lenzing reappoints CFO Obendrauf and CCO van de Kerkhof to its management board

The supervisory board of Lenzing AG has extended the management board mandates of Chief Financial Officer Thomas Obendrauf and Chief Commercial Officer Robert van de Kerkhof. The company said that the new employment contract of Thomas Obendrauf runs until June 30, 2022 and the new contract for van de Kerkhof is valid until December 31, 2023. “...

Report

Lenzing revenues drop by 5.2 percent

Revenue decreased by 5.2 percent to 1,636.2 million euros (1,874 million dollars) at Lenzing Group in the first three quarters over the comparative period of the previous year. The company said, apart from the high starting base, this was primarily attributable to the expected challenging market environment for standard viscose, less favourable...

Report

Lenzing to acquire remaining 30 percent stake in Chinese subsidiary

The Lenzing Group has announced through a statement that the company intends to acquire the remaining 30 percent of its Chinese subsidiary Lenzing (Nanjing) Fibers Co. Ltd. (LNF) from its state-owned joint venture partner NCFC. After closing of the transaction, the Lenzing Group will hold 100 percent of LNF. The company added that the underlying...

Report

Lenzing puts US-based Lyocell expansion project on hold

Lenzing’s managing board has decided to temporarily mothball the Lyocell expansion project in Mobile, Alabama (USA). The company said in a statement, rising likelihood of increasing trade tariffs, paired with the potential surge in construction costs due to the buoyant US labour market, have increased the risk profile of this project. In view of...

Report

Lenzing H1 revenues decline by 6.4 percent

In the first half of 2018, Lenzing Group revenues declined by 6.4 percent to 1,075.4 million euros (1,249.8 million dollars), which the company attributed to less favourable currency exchange rates. EBITDA for the period, Lenzing said, decreased by 28.1 percent to 194.8 million euros (226.4 million dollars), due to price increases for key raw...

Business

Lenzing intensifies sustainability efforts

Austrian textile and cellulose fibre producer Lenzing Group is planning to intensify its sustainability efforts and will do so through four measures that it announced in a press release on 13th July: Until 2022, the company wants to invest more than 100 million euros in sustainable production. It is also committed to improving the textile and...

Business

Lenzing and Duratex plan biggest dissolving wood pulp plant in Brazil

Austrian textile and cellulose fibre producer Lenzing Group and Brazilian company Duratex announced plans on Thursday to build the world’s largest single line dissolving wood pulp plant close to Sao Paulo, Brazil. Dissolving wood pulp is the key raw material for the production of Lenzing’s bio-based fibers. Both companies plan to form a joint...

Business

Lenzing invests in new capacities for Tencel Luxe

Due to strong demand, the Austrian Lenzing Group is planning to “significantly expand” the production capacities for its new Tencel Luxe filament yarn, which was launched just in October 2017. The cellulose fibre producer will invest up to 30 million euros in a further pilot line at the Lenzing site and announced in a press release today that...

Business

Lenzing starts production of its EcoVero fibres in China

Austrian cellulose fibre producer Lenzing Group announced in a press release on Tuesday that it is introducing the eco-responsible process for the production of its Lenzing branded viscose fibers also at its Chinese location Lenzing Nanjing Fibers (LNF). “Thanks to this special manufacturing system, we are supporting the trend in the fashion...

Management

Lenzing blames challenging market conditions for Q1 revenue decline

Revenue and earnings decreased compared to the first quarter of the previous year at Lenzing, which the company said is against the backdrop of a challenging market environment for standard viscose combined with changes in currency exchange rates. Group revenue in the first three months of 2018 decreased by 6.1 percent to 550.3 million euros...

Fashion |INTERACTIVE Featured

Key Sustainable Textile Innovations Set to Transform the Industry in 2018

London - Pineapples, bananas, apples, coffee, hemp and stinging nettles - the list may sound like someone's shopping list but these items are actually natural resources which have been used to create innovative, sustainable textiles within the fashion industry. In light of the industry’s dwindling resources, in particular, resource-intensive...