All Lenzing articles – Page 3
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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 briefsLenzing launches Young Scientist Awards
The Lenzing Group, the Austrian specialist for wood-based specialty fibers, has created a new award to promote young scientists’ work in fashion and circular economy, textile recycling and the innovative use of biobased fiber: the Young Scientist Award. The award for outstanding research in the field of fibers and textiles ...
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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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News briefsLenzing gets confirmation of its fibers‘ biodegradability by marine institute
Source: Scripps Lenzing Group, the Austria-based provider of branded ingredients Tencel, Lenzing Ecovero and Veocel, has just received new scientific proof of its product’s biodegradability. Results of experiments conducted by the University of California’s Scripps Institution of Oceanography (SIO) in San Diego published in October confirmed that ...
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News briefsLenzing expands Tencel-branded fibers to new Refibra upcycling technology
Celebrating the first anniversary of the launch of carbon-zero Tencel™ branded fibers, Austrian Lenzing Group announced the expansion of carbon-zero Tencel branded fibers to Refibra™ technology to address the growing industry demand around circular fashion and carbon neutrality. The first carbon-zero Tencel branded Lyocell and Modal fibers, which launched last ...
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News briefs
Lenzing's CEO will not extend his contract
The supervisory board of Austrian specialty fiber producer Lenzing AG has reached an agreement with long-time CEO Stefan Doboczky to terminate his contract by mutual consent. Doboczky has informed the board that he is not available for a further extension of his contract and that he will resign as of ...
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News briefsLenzing Q2 sales rise 27.5%
Lenzing, the Austrian specialty fiber producer, saw revenues in the first half of 2021 increase by 27.5 percent to €1,033 million, as growing optimism in the textile and apparel industry and an ongoing recovery in retail spurred an increase in demand and prices on the global fiber market. Net profit ...
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News briefs
Lenzing raises outlook for current financial year
Austrian Lenzing Group said it recorded a significantly improved development of its operating result in the first half of 2021. The preliminary EBITDA more than doubled year-on-year to €217.8 million (compared to €95.6m in the first half of 2020). The currently positive environment is still characterized by a high level ...
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News briefsLenzing to build new wastewater treatment plant in the U.K.
Austrian Lenzing Group is investing roughly €23.3 million to build a new wastewater treatment plant at its site in Grimsby, England. The investment is part of the company’s plans to reduce wastewater emissions by 20 percent by 2022 (against a 2014 baseline). Once it has implemented this project, Lenzing will ...
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News briefs
Lenzing earns platinum status for sustainability
Lenzing Group has followed up its recent three consecutive gold awards for corporate social responsibility with a platinum award. The award was given by EcoVadis, a Paris-based rating platform to assess corporate social responsibility and sustainable procurement. Lenzing earned the award for its top rankings in the four main CSR ...
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News briefsLenzing and Orange Fiber cooperate on new lyocell fiber made from orange pulp
Lenzing and Orange Fiber, an Italian company that has patented the process for producing pulp from citrus by-products, have unveiled the first Tencel™ brand lyocell fiber made from orange pulp and wood sources. With this new product, both companies aim to realize their shared vision of improving sustainability in the ...
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News briefsJack Wolfskin collaborates with brrr° and Lenzing
Jack Wolfskin has presented numerous new developments in its new summer collection for 2022, both in the textile segment as well as in its footwear and equipment segments. New partnerships in textile technology are particularly noteworthy. In addition to Polartec, the brand is now also cooperating for the first time ...
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News briefs
Lenzing receives two awards
Lenzing received an award in the business competition Austria’s Leading Companies, which is organized by PwC Austria, the daily newspaper Die Presse and KSV1870, a credit protection company and business platform. The award recognizes the country’s most successful companies. Lenzing won the first prize in the “Climate protection” category. In ...
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ArticleAccelerating Circularity launches European arm with EOG on founding committee
Accelerating Circularity, founded in 2020 as a collaborative industry project to accelerate the textile industry’s move from linear to circular, is launching a new project based in Europe. Just as in its U.S. counterpart, where the Outdoor Industry Association (OIA) is a long-term collaborator (though not part of the steering ...
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News briefsLenzing and Södra partner on textile recycling
Lenzing has signed a cooperation agreement with Södra, an international forest industry group owned by more than 53,000 forest owners, to address the issue of textile waste. The cooperation involves the transfer of knowledge between the two companies and an expansion of the capacities for the production of cellulose from ...
