The Lenzing Group aims to increase the share of specialty fibers as a percentage of revenue to 50% by 2020. The Supervisory Board of Lenzing AG approved the investment for a TENCEL® fiber plant in the USA, as the company said in the press release received by Lesprom Network.
Lenzing now plans to construct a state-of-the-art plant with a production capacity of 90,000 tons per year at its site in Mobile, Alabama. The new facility will be the largest TENCEL® fiber plant in the world, it will set a new milestone in the history of lyocell fibers. The investment volume will total $293 million (Euro 275 million). The new plant will utilize the latest technological standards and is scheduled to start in the 1Q 2019.
The Lenzing Group currently has a worldwide production capacity of 222,000 tons per year of TENCEL® fibers. The new plant in Mobile plus the already announced debottlenecking projects at the other TENCEL® fiber sites will increase the total TENCEL® fiber capacity by more than 50% by 2019.
