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EANS-News: Lenzing AG
Lenzing subsidiary PT. South Pacific Viscose (SPV) opens fourth production line

Lenzing (euro adhoc) -

SPV secures its position as Asia's leading viscose fiber producer
  Corporate news transmitted by euro adhoc. The issuer/originator is solely
  responsible for the content of this announcement.
Company Information
Subtitle: SPV secures its position as Asia's leading viscose fiber 
producer
Lenzing's subsidiary PT. South Pacific Viscose
(SPV) officially started up its fourth production line at the 
beginning of April. A total of about USD 150 mill. made the 
production line the Group's biggest individual investment project in 
recent years. Its annual nominal production capacity of 60,000 tons 
of viscose fibers for textile and nonwovens applications raises SPV's
total annual capacity to 220,000 tons and makes it Asia's biggest 
viscose fiber production site and the world's second-biggest 
producer, after the parent plant at Lenzing with 255,000 tons per 
year.
Peter Untersperger, chairman of the Lenzing management board, at the 
inauguration in Purwakarta: "Indonesia and the whole of Asia are 
Lenzing's single most important sales market. The extension of PT. 
South Pacific Viscose is another milestone for the Lenzing Group. It 
again marks our commitment to our customers in this part of the 
world. And it is, moreover, an essential part of our corporate 
strategy. With the completion of all current investment projects in 
2012, about half of the Group's fiber production capacity of then 
378,000 tons will be located in Asia. It is our goal to reach the 
million-ton production mark by successive expansion steps and more 
than half of our total cellulose fiber production will then be 
generated in Asia."
Fritz Weninger, the member of the Lenzing management board 
responsible for fibers, at the ceremony emphasized: "For the next 
years we expect above-average demand for viscose fibers produced by 
SPV. We offer our customers innovative applications, top quality, 
delivery dependability and the best technical support possible: 
Processors who use Lenzing fibers realize corresponding added market 
value".
The new jumbo line took two years to complete and required the 
extension of existing industrial infrastructure, including a 
state-of-the-art 21 megawatt power station with multi-fuel fluidized 
boiler and attached steam turbine, a sulfuric acid plant with a daily
capacity of 300 tons, a CS2 recovery plant, as well as process and 
waste water facilities. SPV consequently conforms to the latest 
environmental standards.
All in all, a total of about USD 500 mill. were invested in SPV. A 
debottlenecking program will be started along with the regular 
operation of line four in order to raise total production capacity by
another 18,000 tons to 238,000 tons per year.
Lenzing has been involved in SPV since 1983 and has been holding the 
industrial management since the start of production. The company 
raised its initial minority interest in successive steps to currently
90.56 percent. The remainder is being held by Indonesian shareholders
Production capacity has been increased more than tenfold in 
successive stages from initially 20,000 tons per year. SPV is an 
important supplier to the Indonesian textile industry, the one of 
biggest industrial segment of Indonesia. The site´s staff of 1,656 
makes the company one of the biggest employers in the region and a 
major contributor to its rise over the past 30 years. SPV, moreover, 
finances numerous community projects such as schools and child and 
health care centers in Purwakarta.
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

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