The Lenzing AG is investing approximately €15 million to expand production capacity for premium viscose fibers at its site in Lenzing, Austria. This strategic investment forms part of a recently announced €100 million program aimed at securing the long-term competitiveness of Lenzing's Austrian production facilities. The capacity expansion reinforces the company's commitment to providing sustainable solutions to the global hygiene market and strengthens its role as a trusted provider of high-quality fibers for feminine care applications.
Rohit Aggarwal, CEO of Lenzing AG, stated that this investment represents a strategic step forward in reinforcing one of the key pillars of the company's nonwovens business while strengthening the foundation for long-term growth and sustainable supply. The expansion specifically focuses on increasing capacity and ensuring highest quality for the trilobal cross-section fiber VEOCEL™ Viscostar, which outperforms conventional viscose in Syngina values with its distinct cross-section greatly contributing to efficient absorbency in tampon products.
This initiative supports Lenzing's strategic goals of premium products, sustainability, and technological differentiation while contributing to the continued diversification of the company's high-value portfolio. Patricia A. Sargeant, EVP Commercial Nonwovens at Lenzing, emphasized that the company's commitment to delivering sustainable innovation in the hygiene segment is demonstrated through this investment at the Lenzing site, calling it a clear signal of long-term growth ambitions and customer-centric approach in a dynamic market environment.
The expansion will enable Lenzing to meet growing demand from strategic customers while ensuring the highest quality standards. The company's business model extends beyond traditional fiber production, focusing on developing innovative products along the value chain and adding value for consumers. Lenzing strives for efficient utilization and processing of all raw materials while offering solutions for transitioning the textile industry from a linear economic system to a circular economy.
Lenzing maintains a clear, science-based climate action plan aligned with the goals of the Paris Agreement, committing to significant reduction in greenhouse gas emissions by 2030 and a net-zero target by 2050. Additional information and visual materials can be accessed through the company's media database at https://mediadb.lenzing.com/pinaccess/showpin.do?pinCode=tMrUAjBfDMTv. The original announcement remains available on the official news distribution platform at https://www.newmediawire.com.
