Loan for Lenzings R&D

Austria-based cellulosic fibre producer Lenzing AG has received Euro100 million loan from the European Investment Bank (EIB) to support Lenzings R&D projects and investments for the production of new TENCEL« fibre products. Under the multi-year initiative, Lenzing will build and bring new research facilities and pilot plants on-line and implement innovations in production processes, primarily at its Tencel site in Austria.