Lenzing Announces Further Investment In Austria, China
Lenzing Group, Austria, will invest 55 million euros to more than double production capacity
at its Nanjing, China, plant to 140,000 tons per year; and 23 million euros to convert production
in Lenzing, Austria, from standard viscose to modal fibers. The China expansion is expected to take
18 months to two years to complete, and the changeover in Austria should take 15 months. The
investment is in addition to one announced previously
(See "Lenzing To Expand European, Asian Sites," Fiber World News, Textile World,
"Modal has very much turned out to be a global export success over the past years, particularly in Asia," said Friedrich Weninger, Lenzing Board member responsible for the fiber business. "Integrated pulp production [at the Lenzing site] enables optimized and decisive control of the production quality parameters from beech to fiber required for special fibers, and the site's expertise in modal production spans decades."