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EANS-News: Lenzing AG
Lenzing: Further capacity expansion in China and Austria

Lenzing (euro adhoc) -

  Corporate news transmitted by euro adhoc. The issuer/originator is solely
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Company Information
Further capacity expansion in China and
Austria
The Lenzing Group, world market leader in cellulose fibers, will 
invest considerable capital in the capacity expansion and 
modification of its sites in Lenzing (Austria) and Nanjing (China). 
The production capacity of fiber site Nanjing will be more than 
doubled to 140,000 tons per year with an investment of EUR 55 mill. 
at a scheduled construction period of 18 months two years. The 
Lenzing site will switch production from standard viscose fibers to 
modal fibers within the next fifteen months at an investment of EUR 
23 mill.
Peter Untersperger, chairman of the Lenzing management board, 
comments on the latest decisions: "The investment is a continuation 
of our consistent expansion policy: The value of the Lenzing site as 
the world's biggest producer of special cellulose fibers will grow - 
and doubled capacity at the Nanjing site will meet the fast-growing 
demand for standard cellulose fibers in Asia.
The new program complements the current fiber capacity expansion 
program with a total investment of EUR 120 mill. launched in December
2009. The expansion in China and the full operation and subsequent 
debottlenecking of the fourth line at the Indonesian subsidiary PT. 
South Pacific Viscose (SPV) scheduled for May 2010 will raise the 
Asian production capacity of the Lenzing Group to 378,000 tons per 
year, equivalent to half of Lenzing's global fiber production 
capacity. As a consequence the new investment program will increase 
Lenzing fiber production to about 770.000 tons per year. Moreover, a 
further viscose fiber production site is being planned in India.
There are numerous reasons for expanding modal capacity and 
downsizing viscose capacity at the Lenzing site. Friedrich Weninger, 
responsible management board member for the fiber business: "Modal 
has very much turned out to be a global export success over the past 
years, particularly in Asia. The project will develop and secure our 
special fiber strategy for the Lenzing site. Integrated pulp 
production there enables optimized and decisive control of the 
production quality parameters from beech to fiber required for 
special fibers and the site's expertise in modal production spans 
decades. Moreover, remodeling will be comparatively fast and 
cost-efficient."
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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Plus de actualités: Lenzing AG