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EANS-Adhoc: Lenzing AG
Lenzing decides on capacity expansion program

  ad-hoc disclosure transmitted by euro adhoc with the aim of a Europe-wide
  distribution. The issuer is solely responsible for the content of this
  announcement.
14.12.2009
Lenzing decides on capacity expansion program
The Lenzing Group, world market leader in cellulose fibers, will 
continue to expand production capacity in 2010 by investing a 
scheduled EUR 120 mill. in its European and Asian sites. The projects
will be realized over the next two years. The key elements are the 
further extension of pulp production at the Lenzing site (Upper 
Austria) and a further extension of fiber production at Heiligenkreuz
(Burgenland, Austria) as well as remodeling the TENCEL® site at 
Grimsby (UK).
Peter Untersperger, chairman of the Lenzing management board, 
comments on these latest strategic decisions: "We are expecting 
continuing strong demand for Lenzing fibers over the coming years. By
these projects we as the world market leader intend to secure and 
enhance our lead in terms of quantity as well as quality. And the 
message is clear: the Lenzing Group is going to shape fiber future 
jointly with its customers".
In a couple of weeks the fourth production line of the Indonesian 
subsidiary PT. South Pacific Viscose (SPV) will go operational. After
two years of construction activity and a total investment of about 
USD 150 mill. fiber production capacity will be increased from about 
160,000 to 220,000 tons per year. But Friedrich Weninger, management 
board member in charge of fiber production, notes: "Already today we 
expect that demand will exceed Indonesian production capacity. We 
will therefore begin with debottlenecking production right after 
start-up, with the aim to increase SPV production capacity by another
18,000 tons to 238,000 tons per year".
In the special fibers sector Lenzing plans to expand production at 
the TENCEL® site at Heiligenkreuz (Austria) by 10,000 tons to 60,000 
tons per year. Friedrich Weninger: "The market has fully come to 
realize the superior quality of our TENCEL® special fiber for 
lingerie as well as for home textile applications. Exports of TENCEL®
fibers from Heiligenkreuz to China, South Korea and India just keep 
on growing." Moreover, the TENCEL® site Grimsby will be remodeled to 
produce a novel TENCEL® special fiber.
And lastly, the site for the production of special fibers at Lenzing,
the biggest fiber producer of the Lenzing Group, will be enhanced by 
an eco-friendly ozone bleach facility for pulp production in 2010 as 
part of its continuous expansion, thereby maintaining the  current 
degree of self supplydespite increasing fiber production. In 
addition, pulp production will be increased to an annual capacity of 
260,000 tons.
end of announcement                               euro adhoc

Further inquiry note:

Lenzing AG
Mag. Angelika Guldt
Tel.: +43 (0) 7672-701-2713
Fax: +43 (0) 07672-96301
mailto:a.guldt@lenzing.com

Branche: Chemicals
ISIN: AT0000644505
WKN: 852927
Index: WBI
Börsen: Berlin / free trade
Wien / official dealing

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