The Lenzing Group to invest about EUR 70 million over the coming 12-month period to expand production capacities for its high-quality botanic specialty fibres. With this investment, the company is responding to strong global demand for new types of Tencel premium fibres such as the Refibra fibre, using cotton scraps from the manufacturing of cotton garments and wood as raw materials said Lenzing CEO Stefan Doboczky.
The ceremony took place at Heiligenkreuz, Burgenland for expanding production capacities for its specialty fibre Tencel. The ceremony was attended by Lenzing CEO Stefan Doboczky, along with Bernd Zauner and Dieter Eichinger, the two managing directors of Lenzing Fibers, Burgenland?s Provincial Governor Hans Niessl and Alexander Petschnig, the Regional Minister for Economic Affairs.
Annual production capacities for fibres will be increased by about 25,000 tonne as a result of the investment. The fibres will be available to customers starting at the end of the first quarter of 2018.