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06.02.2020 – 09:00

Lenzing AG

EANS-News: Second pilot plant completed for TENCEL(TM) Luxe filament yarn

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  Corporate news transmitted by euro adhoc with the aim of a Europe-wide
  distribution. The issuer is responsible for the content of this announcement.
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New pilot production line supports opening up new fields of business in the
luxury fashion segment

Company Information

Lenzing - The Lenzing Group completed the second pilot production plant
announced in May 2018 for its innovative filament yarn TENCEL(TM) Luxe.
Construction of the facility at the Lenzing site involving investments of EUR 30
mn could be concluded on schedule and within budget after 20 months of intensive
work. The new pilot production line, which was put into operation in the middle
of December 2019, gives Lenzing sufficient capacity for commercial programs and
further application development.

Zwtl.: Innovation in the eco-couture segment

Thanks to TENCEL(TM) Luxe, Lenzing is able to embed the issue of sustainability
in the premium luxury market in combination with superior aesthetics. The
properties of the fine filament yarn can be compared to those of silk due to its
airy feeling on the skin and the matte finish. At the same time, TENCEL(TM) Luxe
also stands out because of its extensive strength and high level of
environmental compatibility. It is perfectly suited for very fine fabrics and as
a blending partner for silk, cashmere and wool. For example, the yarn is used
for making blouses and shirts, dresses, scarves, ties and the inner lining of
suits.

"TENCEL(TM) Luxe opens up new markets for Lenzing and thus contributes to the
successful implementation of our sCore TEN corporate strategy. At the same time,
we are setting new standards in the luxury segment of the fashion industry with
respect to sustainability", says Stefan Doboczky, Chief Executive Officer of the
Lenzing Group. "Many luxury brands have already realized what opportunities they
would have by using this yarn made of the renewable raw material wood. The
second pilot plant enables us to further press ahead with opening up new areas
of application in collaboration with our customers", Stefan Doboczky adds.

Zwtl.: Important basis for further growth

The new pilot production line will build upon the knowledge gained from
operating the predecessor facility and leverage completely new and innovative
automation models. The pilot plant developed by Lenzing and the know-how
acquired during the construction phase will comprise the basis for the company's
further expansion in the field of sustainable filament yarns. This will also
comprise the starting point for the planned construction of a large commercial
production plant at the Lenzing site.


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Further inquiry note:
Filip Miermans
Vice President Corporate Communications & Investor Relations
Lenzing AG
Phone: +43 664 84 77 802 
E-Mail: f.miermans@lenzing.com

end of announcement                         euro adhoc
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issuer:       Lenzing AG
                
              A-4860 Lenzing
phone:        +43 7672-701-0
FAX:          +43 7672-96301
mail:      office@lenzing.com
WWW:       http://www.lenzing.com
ISIN:         AT0000644505
indexes:      ATX, WBI
stockmarkets: Wien
language:     English
 

Original content of: Lenzing AG, transmitted by news aktuell