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Lenzing Opens Second Viscose Fiber Facility In Asia

Austria-based Lenzing AG has opened its second viscose fiber production plant in Asia — its sixth site worldwide.

Launched with an investment of 65 million euros (US$87.3 million), Lenzing (Nanjing) Fibers Co. Ltd., China, is a joint venture with China-based Nanjing Chemical Fibre Co. Ltd., which holds 30 percent of the new facility’s shares. Lenzing holds the remaining 70 percent.

Lenzing (Nanjing) has a production capacity of 60,000 tons of viscose fiber per year, increasing Lenzing’s total capacity to 560,000 tons annually. Expansion is expected to occur as the market demands. The plant currently employs 540 associates.

April 10, 2007