The Lenzing Group will expand and modernize its existing dissolving wood pulp production at the sites in Lenzing, Austria, and Paskov, Czech Republic.
Lenzing CEO Stefan Doboczky announced a total investment program of Euro 100 million, approximately Euro 60 million of it in Lenzing and almost Euro 40 million in Paskov. Additional new capacities of around 35,000 tons will be added over the next 2.5 years.
“With these investments, we are taking another step in the implementation of our new corporate strategy sCore TEN,” said Stefan Doboczky. “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 fibers by the end of the decade. The modernization 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 fiber producer.”
In August 2016, Lenzing announced a capacity expansion for specialty fibers of 35,000 tons by mid-2018.
Roughly Euro 70 million will be invested in the site in Heiligenkreuz/Burgenland and approximately Euro 30 million in Lenzing/Upper Austria as part of this project. The new pulp investment program will be implemented in addition to these investments.
These investments are yet another long-term commitment of the Lenzing Group to the Austrian production sites. In the next 2.5 years, Lenzing will therefore invest a total of Euro 160 million in Austria. Lenzing is thus once again one of the leading industrial investors in Austria.
