AUSTRIA: Lenzing gets funding for Tencel development
Fibre firm Lenzing has received EUR100m (US$135.3m) in funding from the European Investment Bank for the development of its Tencel fibre production.
Lenzing, which specialises in the industrial manufacture of cellulose fibres, said it is implementing a multi-annual development programme for new, high-quality Tencel products.
The Tencel fibres, manufactured industrially from wood, are used primarily in the textile industry, but also for non-woven materials and technical applications. Lenzing says it is the only manufacturer in the world to have mastered the technology for producing this latest generation of cellulose fibres on a large industrial scale.
"This partnership with the European Investment Bank is a great tribute to the achievements of our company, particularly our research and development work," said CEO Peter Untersperger.
"We are already operating three pilot Tencel plants in Europe in order to continue improving the technology and its range of applications. We still see considerable potential for growth in the future which must be explored now, as the demand for high-quality fibres manufactured in environmentally compatible processes will continue to increase."
As reforms to China's cotton liberalisation policy start to kick in, world cotton prices are expected to better reflect market demand. However, experts are concerned that if prices continue to drop, g...
Technical textiles are textile products (fibers and materials) that are manufactured and used for their functionality rather than their aesthetic value. The Technical Textiles industry serves end-user...
Technical textiles are materials specifically designed to provide solutions such as conductivity, filtration, flexibility, lightness, reinforcement, resistance, and strength. These fibers and material...
Lenzing's Tencel fibre has been medically tested for body compatibility and toxic substances, confirming its suitability for garments worn next to the skin....
China man-made fibers (cellulose fiber) manufacturing industry, 2014 is valuable for anyone who wants to invest in the man-made fibers (cellulose fiber) manufacturing industry, to get Chinese investme...
- Why have US FTA imports fallen to a record low?
- Hanesbrands sourcing to cut Pacific Brands costs
- Why China makers are moving out or moving online
- Multiple country choices require complex decisions
- The potential and pitfalls of local sourcing
- Li & Fung divests Asia distribution business
- US looks to boost trade with Sri Lanka
- US Q1 in brief: Wolverine Worldwide, Weyco
- Vietnam textile sector calls for strategy update
- Aeropostale to close 154 stores amid bankruptucy