EQS-News: Lenzing AG: Lenzing successfully completing the conversion and upgrade of its Indonesian site
EQS-News: Lenzing AG: Lenzing successfully completing the conversion and upgrade of its Indonesian site
EQS-News: Lenzing AG / Key word(s): Sustainability
Lenzing AG: Lenzing successfully completing the conversion and upgrade of
its Indonesian site
31.08.2023 / 09:00 CET/CEST
The issuer is solely responsible for the content of this announcement.
══════════════════════════════════════════════════════════════════════════
Lenzing successfully completing the conversion and upgrade of its
Indonesian site
• Transformation to a state-of-the-art production site in Indonesia:
Significant reduction of emissions expected
• Investment turns location into a supplier of specialty viscose fibers
for which certification according to the standard of the
internationally recognized EU Ecolabel is being sought
Purwakarta – The Lenzing Group, a world-leading provider of specialty
fibers for the textile and nonwoven industries, has made significant
technical improvements to its Purwakarta site (PT. South Pacific Viscose).
Lenzing has invested more than EUR 100 million since 2021 to convert
existing production capacity to specialty viscose. With the imminent
completion of the investment, Lenzing is in a better position to serve the
strongly growing demand for specialty fibers.
Lenzing is striving for certification according to the standard of the
internationally recognized EU Ecolabel[1]^[1]. The product portfolio would
thus include LENZING™ ECOVERO™ branded fibers for textiles and VEOCEL™
branded fibers for nonwoven applications. In the course of these
substantial investments, Lenzing has set the goal of significantly
reducing emissions at the site. Moreover, the site started to obtain
renewable grid electricity and promotes a changeover to biomass in line
with Lenzing’s goals of reducing carbon emissions per ton of product by 50
percent by 2030 and achieving carbon-neutral production by 2050.
“Demand for specialty fibers with low environmental impacts continues to
grow structurally. We see enormous growth potential in Asia in particular.
Through our investments in Indonesia and also at other Lenzing sites
worldwide, we are in a better position to serve this growing demand. At
the same time, we continue working tirelessly to make the industries in
which we operate even more sustainable and to drive the transformation of
the textile business model from linear to circular,” says Stephan Sielaff,
Chief Executive Officer of the Lenzing Group.
Boosting growth in specialty fibers
Anthropogenic climate change is one of the most pressing problems of our
time, with both the global textile and the nonwoven industry being among
the major contributors. LENZING™ ECOVERO™ viscose fibers (for textiles)
and VEOCEL™ specialty viscose (for nonwovens) demonstrably cause
significantly less greenhouse gas emissions and water pollution than
generic viscose.
Photo download:
[2] https://mediadb.lenzing.com/pinaccess/showpin.do?pinCode=Phg9KWFjOhE2
PIN: Phg9KWFjOhE2
Your contacts:
Dominic Köfner Daniel Winkelmeier
Vice President Corporate Communications & Communications Manager
Public Affairs Lenzing Aktiengesellschaft
Lenzing Aktiengesellschaft Werkstraße 2, 4860 Lenzing,
Werkstraße 2, 4860 Lenzing, Austria Austria
Phone +43 7672 701 2743 Phone +43 7672 701 2871
E-mail media@lenzing.com E-mail [4]media@lenzing.com
Web [3] www.lenzing.com Web [5] www.lenzing.com
About the Lenzing Group
The Lenzing Group stands for ecologically responsible production of
specialty fibers made from the renewable raw material wood. As an
innovation leader, Lenzing is a partner of global textile and nonwoven
manufacturers and drives many new technological developments.
The Lenzing Group’s high-quality fibers form the basis for a variety of
textile applications ranging from elegant clothing to versatile denims and
high-performance sports clothing. Due to their consistent high quality,
their biodegradability and compostability Lenzing fibers are also highly
suitable for hygiene products and agricultural applications.
The business model of the Lenzing Group goes far beyond that of a
traditional fiber producer. Together with its customers and partners,
Lenzing develops innovative products along the value chain, creating added
value for consumers. The Lenzing Group strives for the efficient
utilization and processing of all raw materials and offers solutions to
help redirect the textile sector towards a closed-loop economy. In order
to reduce the speed of global warming and to accomplish the targets of the
Paris Climate Agreement and the “Green Deal” of the EU Commission, Lenzing
has a clear vision: namely to make a zero-carbon future come true.
Key Facts & Figures Lenzing Group 2022
Revenue: EUR 2.57 bn
Nominal capacity: 1,145,000 tonnes
Number of employees (headcount): 8,301
TENCEL™, VEOCEL™, LENZING™, REFIBRA™, ECOVERO™, LENZING MODAL™, LENZING
VISCOSE™, MICROMODAL™ and PROMODAL™ are trademarks of Lenzing AG.
[6]^[1] The EU Ecolabel is recognized in all member states of the European
Union, as well as Norway, Liechtenstein and Iceland. The voluntary label,
introduced by an EU regulation in 1992 (Regulation EEC 880/92), has
gradually become a reference point for consumers who want to help reduce
pollution by purchasing more environmentally-friendly products and
services.
══════════════════════════════════════════════════════════════════════════
31.08.2023 CET/CEST This Corporate News was distributed by EQS Group AG.
www.eqs.com
══════════════════════════════════════════════════════════════════════════
Language: English
Company: Lenzing AG
4860 Lenzing
Austria
Phone: +43 7672-701-0
Fax: +43 7672-96301
E-mail: office@lenzing.com
Internet: www.lenzing.com
ISIN: AT0000644505
Indices: ATX
Listed: Vienna Stock Exchange (Official Market)
EQS News ID: 1715273
End of News EQS News Service
1715273 31.08.2023 CET/CEST
References
Visible links
1. file:///tmp/HTML-FormatExternal-erKSJI.html#_ftn1
2. https://eqs-cockpit.com/cgi-bin/fncls.ssp?fn=redirect&url=40ec1c541fef63f85750c38c2ff5901e&application_id=1715273&site_id=apa_ots_austria&application_name=news
3. https://eqs-cockpit.com/cgi-bin/fncls.ssp?fn=redirect&url=5803f22d982f72dcc3d9f0027e178e6b&application_id=1715273&site_id=apa_ots_austria&application_name=news
4. media@lenzing.com
5. https://eqs-cockpit.com/cgi-bin/fncls.ssp?fn=redirect&url=5803f22d982f72dcc3d9f0027e178e6b&application_id=1715273&site_id=apa_ots_austria&application_name=news
6. file:///tmp/HTML-FormatExternal-erKSJI.html#_ftnref1
OTS-ORIGINALTEXT PRESSEAUSSENDUNG UNTER AUSSCHLIESSLICHER INHALTLICHER VERANTWORTUNG DES AUSSENDERS. www.ots.at
© Copyright APA-OTS Originaltext-Service GmbH und der jeweilige Aussender