Over the next years, the Lenzing Group plans to invest more than Euro 1 billion in new production facilities for lyocell fibers. The first expansion phase of this ambitious growth plan, the construction of a state-of-the art lyocell fiber production plant in Prachinburi, Thailand, has now been approved, as the company says in the press release received by Lesprom Network.
The plant will have a capacity of 100,000 tons and feature investments of approximately Euro 400 million. Construction will start this fall and production will commence towards the end of 2021.
Over the coming years Lenzing will further expand at the site in Thailand, which has space for several plants. The investment in the first phase already includes the general infrastructure that will benefit future expansion. Lenzing will continue to look for potentially expanding lyocell production in other parts of the world as well.
