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09.09.2020 – 08:29

Lenzing AG

EANS-News: Lenzing AG
First direct complete train with Austrian TENCEL? fibers arrives in China after 16 days

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  Corporate news transmitted by euro adhoc with the aim of a Europe-wide
  distribution. The issuer is responsible for the content of this announcement.
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The Lenzing Group was the first Austrian company to send goods 100 percent ?Made
in Austria? by train directly to China.

Company Information

Xi'an, China - The Lenzing Group is breaking new ground due to the short-term
increase in demand for sustainably produced fibers from Chinese customers. For
the first time, the company delivered wood-based cellulosic fibers, which are
produced at the Austrian sites in Lenzing and Heiligenkreuz, directly to China
by train. Thanks to this new transport route, Lenzing is able to meet the urgent
demand of its Chinese customers twice as quickly as by the usual sea freight.

The first complete train with goods 100 percent "Made in Austria" started on
August 20 in the presence of Leonore Gewessler, Federal Minister for Climate
Action, Environment, Energy, Mobility, Innovation and Technology, His Excellency
Xiaosi Li, Ambassador of the People's Republic of China in Austria, Stefan
Doboczky, Chief Executive Officer of the Lenzing Group, Thomas Kargl, Board
Member of the ÖBB Rail Cargo Group, Erwin Cootjans, Chief Executive Officer of
Nunner Logistics, and Erich Hampel, Chairman of the Board of the B&C Private
Foundation, at the Vienna South Terminal and reached his destination on
September 05 at the Xinzhu train station in Xi'an, China. The train loaded with
41 containers with TENCEL(TM) branded lyocell and modal fibers and a total value
of EUR 1.8 mn, passed a total of 10,460 km in seven countries: Austria, the
Czech Republic, Poland, Belarus, Russia, Kazakhstan and China.

The first Lenzing fiber train was received in a grand ceremony on Tuesday,
September 08 at the container terminal in Xi'an. Numerous guests, including the
Austrian ambassador to China, Friedrich Stift, representatives of the Xi'an
Municipal Government, the China Railway Xi'an Group, the Xi'an International
Trade & Logistics Park as well as representatives of the Lenzing Group, the
China National Textile and Apparel Council, Lenzing customers and the media
attended the ceremony.

In his speech, Friedrich Stift, Austrian ambassador to China, emphasizes the
importance of international trade and sustainable development: "The delivery of
Austrian-made products through the CHINA RAILWAY Express adheres to the
sustainable concept of Lenzing. Since China and Austria signed the bilateral
railway cooperation agreement in 1994, the two countries have maintained good
cooperation in the railway field and will continue to do so in the future. China
is Austria's largest partner in Asia, and it is believed that after the outbreak
of the corona crisis bilateral trade will normalize in 2021."

"This is the first time for the Lenzing Group to deliver Austrian-made TENCEL
(TM) branded fibers directly to Chinese customers. The Silk Road has been a main
transport route between Europe and Asia since ancient times. Chinese consumers
affectionately call TENCEL(TM) fibers 'Silk from Heaven'. The China-Europe
Express can reduce the transport time between Europe and China by half, thus
meeting Chinese customer's demand for environmentally friendly fibers more
quickly", states Hu Jian, Senior Vice President of the Lenzing Group for North
Asia.

Zwtl.: TENCEL(TM) fibers for more sustainable fashion

For local brands and retailers in China, sourcing sustainable goods is becoming
increasingly important. For this reason, many manufacturers rely on TENCEL(TM)
fibers, which contribute to a clean environment thanks to the renewable raw
material wood and the ecologically responsible production. The Lenzing Group's
high-quality fibers are biodegradable and form the basis for a variety of
textile applications.

Photo download [https://mediadb.lenzing.com/pinaccess/
showpin.do?pinCode=DQwVeHSseRcn]
PIN: DQwVeHSseRcn



Further inquiry note:
Filip Miermans
Vice President Corporate Communications & Public Affairs
Lenzing AG
Phone: +43 664 8477802
E-mail: f.miermans@lenzing.com

end of announcement                         euro adhoc
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issuer:       Lenzing AG

              A-4860 Lenzing
phone:        +43 7672-701-0
FAX:          +43 7672-96301
mail:      office@lenzing.com
WWW:       http://www.lenzing.com
ISIN:         AT0000644505
indexes:      WBI, ATX
stockmarkets: Wien
language:     English