Lenzing Invests In Specialty Fiber Production

Austria-based Lenzing Group reports it will expand its capacities for specialty fibers. “We will invest more than 100 million euros over the next 20 months to expand production capacities for our high-quality botanic fibers, 70 percent at the Heiligenkreuz site and 30 percent at Lenzing,” said Stefan Doboczky, CEO. The expansions at sites in Heiligenkreuz, Lenzing and Grimsby, England, will eventually result in an additional 35,000 tons of capacity. Approximately 10,000 tons of additional specialty fiber capacity will be available by the end of 2016, with most of the remaining capacity to be added during 2017.

Lenzing recently launched a sCore TEN strategy for the group, which included growing specialty fiber revenue to 50 percent by the year 2020 from their current proportion of 41.7 percent.

September/October 2016