Lenzing, a leading cellulosic fibre producer, will invest Euro 100 million, of which Euro 60 million will be invested in Austria and Euro 40 million in Czech Republic, to expand and modernize its existing dissolving wood pulp production sites.
“With these investments, we are taking another step in the implementation of our new corporate strategy sCore TEN. We aim to increase our own dissolving wood pulp production from currently 56 per cent to 75 per cent of the group’s requirements for the production of botanic cellulose fibres by the end of the decade. The modernization will lead to more efficiency of our plants. The upgrade and expansion of our bio-refinery setup will underline Lenzing’s leadership as the most sustainable fibre producer,” said Stefan Doboczky, CEO, Lenzing.
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Lenzing’s bio-refinery concept is based on using only certified wood from countries in Western and Central Europe and is an essential part of Lenzing’s mission to turn CO2 and sunlight into high value fibres, as it ensures that 100 per cent of the wood components are used to produce fibres, bio-chemicals and bio-energy.
In another expansion, Lenzing announced capacity addition of 35,000 tonnes of specialty fibres by mid-2018. Roughly Euro 70 million will be capitalized in the site in Heiligenkreuz, Austria and approx. Euro 30 million in Upper Austria.
