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Lenzing AG

EANS-News: Lenzing AG
Lenzing AG finalizes acquisition of Biocel Paskov A.S.

Lenzing (euro adhoc) -

  Corporate news transmitted by euro adhoc. The issuer/originator is solely
  responsible for the content of this announcement.
Joint Ventures/Cooperation/Collaboration
The anti-trust authorities have approved the
acquisition of Czech pulp producer Biocel Paskov A.S.
The acquisition is an important strategic step towards the Group's 
long-term extension of its vertical backwards integration. The 
acquisition is part of a hedging strategy to protect Lenzing from the
impact of high pulp price volatility. Pulp is the raw material used 
for the production of Lenzing viscose . Lenzing intends to invest EUR
50 mill. in the site's capacity expansion over the next three years 
and to remodel Biocel Paskov into a swing capacity pulp factory. This
will provide Lenzing with the ability to flexibly adjust to any given
pulp market situation and to either produce dissolving pulp for its 
own fiber production or paper pulp for external customers.
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 market

Plus de actualités: Lenzing AG
Plus de actualités: Lenzing AG