Lenzing AG

EANS-News: Lenzing AG
Austria's Leading Companies (ALC): Lenzing AG Once Again Tops Upper Austrian Ranking

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Company Information


Lenzing (euro adhoc) - For the 14th time the business daily WirtschaftsBlatt set
out to identify the most successful companies in Austria together with the
credit reference agency KSV1870 and PwC. The Austrian Leading Companies Award
focuses on the solid performance of a firm over a period of years, and not just
short-term performance indicators. The current analysis took account of business
results over the years 2009 to 2011, but also attached great importance to how
the companies dealt with the issue of sustainability. Lenzing AG once again
convinced the jury in Upper Austria and won in the category Big Player for the
second straight year.

For years the Lenzing Group has achieved good results and has operated extremely
successfully. Demand for cellulose fibers from the renewable raw material wood
continues to be intact. The global megatrends of population growth (especially
in the emerging markets) and the growing awareness of the advantages of
ecological products are the driving forces for the ongoing increase in the
Lenzing Group's fibers sales. Lenzing has taken this development into account by
implementing an ambitious expansion program at all its global production sites,
involving investments of EUR 1.6 bn between 2011 to 2015.  

A total of more than EUR 350 mn alone will be invested in the coming years at
the Lenzing site in Upper Austria, headquarter of the Lenzing Group. A visible
sign clearly in view is one of the biggest industrial construction sites in
Austria located at the Lenzing facility, where a highly modern plant for
producing the high-tech fiber TENCEL® is being built and which will provide jobs
to 110 new employees starting in 2014.


Further inquiry note:
Lenzing AG
Mag. Angelika Guldt
Tel.: +43 (0) 7672-701-2713
Fax: +43 (0) 7672-918-2713
mailto:a.guldt@lenzing.com

end of announcement                               euro adhoc 
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company:     Lenzing AG
               
             A-A-4860 Lenzing
phone:       +43 7672-701-0
FAX:         +43 7672-96301
mail:     a.guldt@lenzing.com
WWW:      http://www.lenzing.com
sector:      Chemicals
ISIN:        AT0000644505
indexes:     WBI, ATX, Prime Market
stockmarkets: free trade: Berlin, official market: Wien 
language:   English
 



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