Lenzing
Good development in 2018

By 2022, investment of approx. €100 million in sustainable manufacturing technologies and production facilities is intended in order to further strengthen the closed-loop model and support customers in replacing resource-intensive and environmentally harmful solutions.
The start-up of new capacities for lyocell fibers in Heiligenkreuz/Austria, the production start of Lenzing Ecovero fibers at the site in Nanjing/China, the acquisition of the remaining 30% of the Chinese subsidiary Lenzing (Nanjing) Fibers from the joint venture partner and the investment in another pilot plant for Tencel Luxe filaments are important steps to achieve the goal of increasing the share of specialty fibers in total sales.
Results for 2019 are expected at about the level of 2018 despite a significantly more demanding market environment.