Tous Actualités
Suivre
Abonner Lenzing AG

Lenzing AG

EANS-Adhoc: Lenzing AG
Lenzing sets the course for future dynamic expansion of fiber production capacity

  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.
Company Information
13.12.2010
The Lenzing Group, a world market leader in man-made cellulose 
fibers, sets the course for the future dynamic expansion of its fiber
production capacity. The recently agreed expansion program includes 
the construction of the first industrial-scale production plant for 
TENCEL® fibers at the site in Lenzing/Upper Austria, the construction
of a fifth viscose production line at its Indonesian subsidiary PT. 
South Pacific Viscose (SPV), as well as further capacity expansion 
measures. These new expansion projects, in addition to those already 
in progress, are expected to increase the Lenzing Group´s annual 
fiber production capacity of currently nearly 700,000 metric tons by 
approximately 25%. This would be a significant milestone in reaching 
the strategic target of a production capacity of one million metric 
tons of fibers by 2014. The total investment volume amounts to 
approximately EUR 285 million.
Lenzing's CEO, Peter Untersperger, explains these latest decisions: 
"This expansion program responds to the dynamic demand development 
for man-made cellulosic fibers and is intended to further secure our 
leading world market position. The structural changes in the global 
textile fiber market, which are characterized by a tendency towards 
rising cotton price levels and an ever-increasing volatility of 
cotton quantities, as well as the increasing demand for man-made 
cellulosic fibers in nonwovens, lead us to continue to expect strong 
demand for Lenzing fibers over the next years. Moreover, the capacity
expansion program is intended to further secure our leading position 
in the industry with respect to cost efficiency and market position."
First industrial-scale production site for TENCEL® fibers at the 
Lenzing site in Upper Austria The decision to construct the first 
production plant for TENCEL® at the facility in Lenzing/Upper Austria
represents a milestone for this site. The total investment will 
amount to approximately EUR 130 million, with a planned annual 
production capacity of approximately 60,000 metric tons. The plant 
will be the world's first fully backwards integrated production site 
for TENCEL® fibers, as it can be directly supplied with pulp from the
fully integrated pulp mill at the Lenzing site. The regulatory 
approval procedures for the industrial-scale plant are expected to be
initiated shortly. TENCEL®, a high-grade specialty fiber, is used for
textiles as well as for nonwovens. The Lenzing Group is the world's 
only industrial producer of TENCEL®.
The new investment program also includes the expansion of the TENCEL®
production site in Mobile/Alabama (USA). A total investment of almost
USD 30 million is expected to increase the site's annual production 
capacity to approximately 50,000 metric tons. A production line that 
was decommissioned by the site's previous owner will be modernized 
and upgraded to meet the strong demand for TENCEL® fibers from the 
nonwovens sector (wipes, baby care products) in North and South 
America.
Fifth production line at SPV and expansion in Nanjing In response to 
strong demand for Lenzing viscose fibers in Asia, Lenzing is planning
to increase capacity at its sites in Purwakarta/Indonesia (SPV) and 
Nanjing/China. Lenzing will construct a fifth production line with a 
total investment of approximately USD 130 million at SPV. It will be 
designed as a "jumbo line" with a planned annual production capacity 
of 80,000 metric tons, which is expected to increase SPV's total 
capacity to 325,000 metric tons by 2013. The additional quantities 
are expected to be mainly sold in the fast-growing Indonesian 
domestic market.
At Lenzing´s site in Nanjing/ China, a second production line is 
currently under construction, which is scheduled to almost double 
current production capacity to 140,000 metric tons by mid-2011. 
Lenzing has now decided to increase production capacity of this 
site's second line to 160,000 metric tons immediately after start-up,
with a total investment of approximately USD 18 million. The 
additional capacity is expected to be available from 2012 onwards.
Moreover, production capacity for specialty nonwovens fibers will be 
expanded at the Lenzing site. An existing line will be upgraded at a 
total investment of approximately EUR 17 million. This expansion 
measure is in response to strong demand for Lenzing's nonwoven 
fibers. This project is scheduled to be completed by mid-2012.
end of announcement                               euro adhoc

Further inquiry note:

Lenzing AG
Mag. Angelika Guldt
Tel.: +43 (0) 7672-701-2713
Fax: +43 (0) 07672-918-2713
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
  • 29.11.2010 – 08:07

    EANS-Adhoc: Lenzing AG / Lenzing announces 10% fiber price increase

    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. Company Information 29.11.2010 The Lenzing Group, world leader in man-made cellulose fibers, will adapt its fiber prices with the beginning of 2011. Prices will be raised by at least 10%, depending on the product. Price increases will take place in ...

  • 19.11.2010 – 07:41

    EANS-News: Lenzing AG / Lenzing convenes extraordinary shareholders' meeting

    Corporate news transmitted by euro adhoc. The issuer/originator is solely responsible for the content of this announcement. Annual & Special Corporate Meetings Lenzing (euro adhoc) - Lenzing convenes extraordinary shareholders' meeting Resolution proposals on share split, authorized and conditional capital Lenzing AG invites its shareholders to an ...