All Lenzing articles – Page 2
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News briefsLenzing rated AAA in annual CDP sustainability ranking
As one out of twelve companies rated with the highest ranking globally, Austrian fiber specialist Lenzing AG received the “AAA” grade from the nonprofit organization CDP. Each of the A’s ticks a box for the three pillars climate change, forests and water security. For Lenzing, this is the second time ...
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News briefsLenzing Group and Renewcell sign large-scale supply agreement
Austrian specialty-fibers manufacturer The Lenzing Group and Renewcell, the Swedish textile-to-textile recycling company, have signed a multi-year supply agreement. According to Renewcell, the agreement provides for the sale over five years of 80,000 to 100,000 tons of Renewcell’s 100 percent recycled textile Circulose dissolving pulp to Lenzing, for use in ...
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News briefsLenzing Ecovero reaches production milestone
Lenzing Group, the Austria-based producer of wood-based specialty fibers including Tencel, Lenzing, and Ecovero, has announced that the production of its Ecovero-branded viscose fibers has reached over 300,000 tons since the brand’s launch in 2017. While celebrating this milestone, the company added that it is looking at even higher capacity ...
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News briefsLenzing expands E-Branding Service features for its value chain partners and brands
Lenzing Group, the Austria-based producer of wood-based specialty fibers including Tencel, Lenzing, and Ecovero, has announced the release of a suite of new features on its Lenzing E-Branding Service platform. Users will be able to make use of new features such as Artwork Approval, a Fiber Blending Quick Check Tool, ...
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News briefsNew CISUTAC consortium welcomes Lenzing, Decathlon and others
The newly founded consortium Circular and Sustainable Textile and Clothing (CISUTAC) already has 23 active members. Among them are Austrian fiber supplier Lenzing, Decathlon, the European Apparel and Textile Confederation (EURATEX), the Global Texile Scheme (GTS) and Oxfam. CISUTAC sets out to remove current bottlenecks along the textile supply chain ...
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News briefsGlobetrotter, Ortovox and Lenzing are finalists for the German Sustainability Award
For the 15th time, the Stiftung Deutscher Nachhaltigkeitspreis e.V. (German Sustainability Award Foundation) is presenting one of Europe’s best-known awards for social and ecological commitment. This year’s finalists in the corporate competition include the Hamburg-based outdoor retailer Globetrotter (category “Resources”) and the specialist for alpine emergency equipment, technical clothing with ...
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ArticleLenzing suspends 2022 earning outlook over market deterioration
The Lenzing Group has announced that, because of “the drastic deterioration of the market environment in the current quarter,” it has suspended its guidance for the development of earnings in the 2022 financial year. The specialist fiber manufacturer specifically referred to “the extremely low visibility on the demand side and ...
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News briefsLenzing switches to green electricity also at its Chinese site
The Lenzing Group is gradually transitioning to green energy at its production site in Nanjing. This will allow its Chinese subsidiary Lenzing Nanjing Fibers to use electricity derived only from renewable sources from 2023 onwards. The transition will also reduce the site’s carbon emissions by 100,000 tons annually, the company ...
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ArticleLenzing sees Austrian site at risk due to energy costs, politics and shortage of skilled workers
Stephan Sielaff, the CEO of fiber manufacturer Lenzing AG, sees Austria as an attractive production location - but also as a vulnerable one. “Gas prices are high in Austria, but not in China. If we can no longer cover our costs, at some point, it will be the end of ...
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ArticleLenzing sees “significantly higher” Ebitda as H1 revenues jump
Specialist fiber maker Lenzing Group said it expected annual Ebitda to be significantly higher after reporting a 25 percent jump in half-year revenue, driven by higher fiber prices. The company said revenue in the six months to June 1 rose to €1.3 billion, compared with £1.03 billion a year earlier. ...
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News briefsLenzing partners with Red Points on IP protection
Lenzing, the global producer of wood-based specialty fibers, has announced a new partnership with Red Points, the specialist in online brand protection, to fight counterfeits and protect its customers. The partnership will help Lenzing strengthen its current brand protection efforts globally and help monitor brand services. Red Points automatically uses ...
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News briefsHoudini launches new circular collection developed with Woolmark, Tencel and Südwolle
The Swedish brand Houdini has announced the launch of a new sub-collection within its range, designed for circularity. Called The New Naturals, the collection offers products from base to shell layers. Its fabrics are all made from bio-based fibers, developed by Houdini in partnership with Lenzing (which is contributing its ...
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News briefsLenzing joins Together for Sustainability initiative
Lenzing, the global producer of dissolving wood pulp and cellulosic fibers, has joined Together for Sustainability (TfS). This industry initiative aims to make the global supply chains of the chemical industry sustainable. The 37 TfS member companies, including Lenzing, represent over US$500 billion in global turnover. As a new initiative ...
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ArticleLenzing’s Q1 revenues grow double-digit despite rising costs
Lenzing, the Austrian manufacturer of wood-based specialty fibers, posted revenues of €615 million in the first quarter of 2022, representing a 25.7 percent increase year-on-year, primarily driven by continued high demand for wood-based biodegradable specialty fibers and higher fiber prices. Specialty fibers currently account for 73.3 percent of its fiber ...
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News briefsLenzing releases Sustainability Report in digital interactive form
The Austrian Lenzing Group, a global supplier of wood-based specialty fibers, has released its Sustainability Report 2021. Titled “Linear to Circular,” it is the first sustainability report that Lenzing is releasing online, as the company has decided to offer it in digital form from 2022 onwards. The new sustainability report ...
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ArticleLenzing with strong fiscal 2021
The Lenzing Group, the Austrian specialist for wood-based specialty fibers, closed 2021 significantly above the sales and earnings level of 2020. Sales revenue increased by 34.4 percent to €2.19 billion. Earnings before interest, taxes, depreciation and amortization (Ebitda) almost doubled year-on-year to €362.9 million. The Ebitda margin increased from 11.8 ...
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News briefsNew CEO for Lenzing
The supervisory board of Lenzing AG has appointed Stephan Sielaff, the company’s current CTO/COO, as its new CEO effective April 1, 2022. He succeeds Cord Prinzhorn, who assumed the role of interim CEO in the fourth quarter of 2021. Prinzhorn will return to the group’s supervisory board and take over ...
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News briefsLenzing opens world’s largest lyocell plant in Thailand
Lenzing has announced the completion of its €400 million Lyocell expansion project in Thailand. The new plant, which is described by the company as the largest of its kind in the world, has a nameplate capacity of 100,000 tons per year. Construction work started in the second half of 2019 ...
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News briefsJack Wolfskin and Lenzing launch new 3L laminate with Tencel face fabric for shells
Austrian cellulose fiber specialist Lenzing and German outdoor brand Jack Wolfskin have developed a three-layer laminate containing a Tencel Lyocell face fabric, a Texapore Ecosphere membrane (Jack Wolfskin’s own branded technology), and a knitted liner made from recycled polyester. The laminate called Texapore Ecosphere Lyocell 3L claims to be fully ...
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ArticleLenzing with strong operating result despite higher energy, material and logistics costs
Austria’s Lenzing Group significantly improved its sales and earnings year-on-year in the first nine months of 2021 due to the predominantly positive market environment. Growing optimism in the textile and apparel industry and the recovery in the retail sector led to a significant increase in demand and prices in the ...
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