Lenzing invests EUR100m in European pulp production
Lenzing CEO, Stefan Doboczky
Austrian fibre company Lenzing is to invest EUR100m (US$111.5m) in its wood pulp production facilities in Europe, in a move that will see the company increase its capacity by around 35,000 tons by early 2019.
As part of its new corporate strategy sCore Ten, which focuses on profitable growth based on environmentally friendly speciality fibres, the company will invest around EUR60m into its production facility in Lenzing in Austria and EUR40m in its production site in Paskov in the Czech Republic.
"We aim to increase our own dissolving wood pulp production from currently 56% to 75% of the group's requirements for the production of botanic cellulose fibres by the end of the decade," explains Lenzing's CEO Stefan Doboczky.
"The modernisation will lead to more efficiency of our plants. The upgrade and expansion of our bio-refinery setup will underline Lenzing's leadership as the most sustainable fibre producer."
The company's bio-refinery concept is based on using only certified wood from countries in Western and Central Europe, as the quality of its fibres depends on the quality of the dissolving wood pulp.
Over the next two-and-a-half years Lenzing says it will invest a total of EUR160m in Austria.
The new pulp investment programme is on top of another investment, announced in August, that will see Lenzing invest EUR100m in expanding its capacity for speciality fibres.
Last week, the company joined a database project alongside The Sustainable Apparel Coalition (SAC) to measure the environmental impact of materials used in apparel and footwear supply chains.
It has also teamed up with German instrument manufacturer Emtec Electronic to come up with a new method to measure softness in textiles.
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