Press release

euro adhoc: Lenzing AG / other / Lenzing increases share in Indonesian subsidiary PT. South Pacific Viscose

  Disclosure announcement transmitted by euro adhoc. The issuer is responsible
  for the content of this announcement.

20.06.2007

Lenzing increases share
in Indonesian subsidiary
PT. South Pacific Viscose to almost 86%

Lenzing as of today increased its share in the Indonesian subsidiary 
PT. South Pacific Viscose (SPV) from 41.98% to 85,79%. This increase 
is a logical step in the Group's strategy of expansion and 
globalization.

Lenzing has already been managing SPV and the company has already 
been fully consolidated. The acquisition will therefore cause no 
immediate changes in the operative business of the Lenzing Group.

PT. South Pacific Viscose has an annual production capacity of 
150.000 tons and is the group's biggest viscose fiber production site
after the parent site at Lenzing. The company employs a staff of 
1,500 and is located in Purwarkarta (Java island), an hour's drive 
away from Indonesia's capital, Jakarta. Lenzing has held shares in 
SPV since 1980. Lenzing was the first European company to acquire 
shares in an Asian fiber producer.

end of announcement                               euro adhoc 20.06.2007 12:51:53

Further inquiry note:

Lenzing AG
Mag. Angelika Guldt
Tel.: +43 (0) 7672-701-2713
Fax: +43 (0) 07672-96301
mailto:a.guldt@lenzing.com

Branche: Chemicals
ISIN: AT0000644505
WKN: 852927
Index: WBI
Börsen: Börse Berlin / free trade
Wiener Börse AG / official dealing

Permalink:

https://www.presseportal.de/en/pm/9785/1004625