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04.05.2021
Corporate news transmitted by euro adhoc with the aim of a Europe-wide distribution. The issuer is responsible for the content of this announcement.
Strategic Management Decisions
Highlights -
CO2 emissions will be reduced by 320,000 tons per year\nFirst supplier of wood-based cellulosic fibers in China to completely eliminate coal\nShare in eco-responsible specialty fibers will be significantly increased\nLenzing is strategically well on track with these investments\nLenzing - The Lenzing Group, the leading global supplier of wood-based specialty fibers, will invest more than EUR 200 mn in its production sites in Purwakarta (Indonesia) and Nanjing (China) to convert existing standard viscose capacity into environmentally responsible specialty fibers.
In Nanjing (China) Lenzing will establish the first wood-based fiber complex in China that is independent from coal as an energy source. By using natural gas based cogeneration, Lenzing will reduce CO2 emissions at the site by more than 200,000 tons. At the same time a line of standard viscose will be converted to a 35.000 tons TENCEL(TM) branded modal fibers line making Lenzing (Nanjing) Fibers Co., Ltd a 100 percent wood-based specialty fiber site by the end of 2022.
In Purwakarta (Indonesia), Lenzing will reduce its CO2 emissions by increasingly using biogenic fuels. Additional investments to reduce emissions to air and water will make this facility fully compliant with the EU Ecolabel by the end of 2022. That will allow converting standard viscose capacity into LENZING(TM) ECOVERO(TM) branded fibers for textile applications as well as LENZING(TM) Viscose Eco fibers for personal care and hygiene applications. As a result, the site in Indonesia will also become a pure specialty viscose supplier as of 2023.
Both investments are fully in line with Lenzing's target to reduce its greenhouse gas emissions per ton of product by 50 percent by 2030. By avoiding or reducing the use of fossil fuels at the two sites, the Lenzing Group will be able to reduce CO2 emissions by more than 320,000 tons in total, or 18 percent, compared to 2017. In addition, this investment allows Lenzing also to reduce its total sulfur emissions by more than 50 percent, compared to 2019.
"With our ambitious climate targets towards a zero-carbon future, we are pioneers in the entire manufacturing industry and especially in the fiber sector. Our investments in China and Indonesia underpin that investments in improving our eco-footprint are at the same time value enhancing for shareholders. These investments are a substantial step towards our strategic targets for 2024", says Stefan Doboczky, CEO of the Lenzing Group.
Together with its major lyocell fiber project in Thailand, Lenzing will also boost its share in specialty fibers as a percentage of fiber revenues to well above the targeted 75 percent already by 2023, which in turn is an important step towards achieving the company's EBITDA target of EUR 800 mn by 2024. "We are and will remain a reliable partner for both the textiles and the nonwovens value chain on the long term", says Stephan Sielaff, Member of the Managing Board of Lenzing. "The strategic focus on specialty fibers is fully in line with the growing market demand for sustainable viscose."
Photo download [https://mediadb.lenzing.com/pinaccess/ showpin.do?pinCode=IzOT4dExai68] PIN: IzOT4dExai68
end of announcement euro adhoc
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
Digital press kit: http://www.ots.at/pressemappe/1597/aom


Lenzing
Akt. Indikation:  108.20 / 109.20
Uhrzeit:  18:04:14
Veränderung zu letztem SK:  0.09%
Letzter SK:  108.60 ( 1.69%)



 

Bildnachweis

1. 6.10.: Filip Miermans läutet die Opening Bell für Dienstag. Der Lenzing-Kommunikator sieht dieser Tage eine starke Phase seiner Aktie. Zuletzt Vier Tage im Plus und 7 Prozent alleine gestern https://www.lenzing.com/de/ Mehr Choose Optimism: https://boerse-social.com/category/choose_optimism https://www.facebook.com/chooseoptimism/   >> Öffnen auf photaq.com

Aktien auf dem Radar:Strabag.


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    Lenzing AG / Lenzing pushes forward group-wide climate neutrality by investing EUR 200 mn in Asia


    04.05.2021
    Corporate news transmitted by euro adhoc with the aim of a Europe-wide distribution. The issuer is responsible for the content of this announcement.
    Strategic Management Decisions
    Highlights -
    CO2 emissions will be reduced by 320,000 tons per year\nFirst supplier of wood-based cellulosic fibers in China to completely eliminate coal\nShare in eco-responsible specialty fibers will be significantly increased\nLenzing is strategically well on track with these investments\nLenzing - The Lenzing Group, the leading global supplier of wood-based specialty fibers, will invest more than EUR 200 mn in its production sites in Purwakarta (Indonesia) and Nanjing (China) to convert existing standard viscose capacity into environmentally responsible specialty fibers.
    In Nanjing (China) Lenzing will establish the first wood-based fiber complex in China that is independent from coal as an energy source. By using natural gas based cogeneration, Lenzing will reduce CO2 emissions at the site by more than 200,000 tons. At the same time a line of standard viscose will be converted to a 35.000 tons TENCEL(TM) branded modal fibers line making Lenzing (Nanjing) Fibers Co., Ltd a 100 percent wood-based specialty fiber site by the end of 2022.
    In Purwakarta (Indonesia), Lenzing will reduce its CO2 emissions by increasingly using biogenic fuels. Additional investments to reduce emissions to air and water will make this facility fully compliant with the EU Ecolabel by the end of 2022. That will allow converting standard viscose capacity into LENZING(TM) ECOVERO(TM) branded fibers for textile applications as well as LENZING(TM) Viscose Eco fibers for personal care and hygiene applications. As a result, the site in Indonesia will also become a pure specialty viscose supplier as of 2023.
    Both investments are fully in line with Lenzing's target to reduce its greenhouse gas emissions per ton of product by 50 percent by 2030. By avoiding or reducing the use of fossil fuels at the two sites, the Lenzing Group will be able to reduce CO2 emissions by more than 320,000 tons in total, or 18 percent, compared to 2017. In addition, this investment allows Lenzing also to reduce its total sulfur emissions by more than 50 percent, compared to 2019.
    "With our ambitious climate targets towards a zero-carbon future, we are pioneers in the entire manufacturing industry and especially in the fiber sector. Our investments in China and Indonesia underpin that investments in improving our eco-footprint are at the same time value enhancing for shareholders. These investments are a substantial step towards our strategic targets for 2024", says Stefan Doboczky, CEO of the Lenzing Group.
    Together with its major lyocell fiber project in Thailand, Lenzing will also boost its share in specialty fibers as a percentage of fiber revenues to well above the targeted 75 percent already by 2023, which in turn is an important step towards achieving the company's EBITDA target of EUR 800 mn by 2024. "We are and will remain a reliable partner for both the textiles and the nonwovens value chain on the long term", says Stephan Sielaff, Member of the Managing Board of Lenzing. "The strategic focus on specialty fibers is fully in line with the growing market demand for sustainable viscose."
    Photo download [https://mediadb.lenzing.com/pinaccess/ showpin.do?pinCode=IzOT4dExai68] PIN: IzOT4dExai68
    end of announcement euro adhoc
    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
    Digital press kit: http://www.ots.at/pressemappe/1597/aom


    Lenzing
    Akt. Indikation:  108.20 / 109.20
    Uhrzeit:  18:04:14
    Veränderung zu letztem SK:  0.09%
    Letzter SK:  108.60 ( 1.69%)



     

    Bildnachweis

    1. 6.10.: Filip Miermans läutet die Opening Bell für Dienstag. Der Lenzing-Kommunikator sieht dieser Tage eine starke Phase seiner Aktie. Zuletzt Vier Tage im Plus und 7 Prozent alleine gestern https://www.lenzing.com/de/ Mehr Choose Optimism: https://boerse-social.com/category/choose_optimism https://www.facebook.com/chooseoptimism/   >> Öffnen auf photaq.com

    Aktien auf dem Radar:Strabag.


    Random Partner

    beaconsmind AG
    Die beaconsmind AG wurde 2015 in der Schweiz gegründet und ist ein Pionier auf dem Gebiet der standortbasierten Marketing-Software (LBM) für Retail-Unternehmen. beaconsmind unterstützt Retailer bei der Durchführung erfolgreicher, standortbezogener Marketingkampagnen.

    >> Besuchen Sie 65 weitere Partner auf boerse-social.com/partner


    Mehr aktuelle OTS-Meldungen HIER

    Useletter

    Die Useletter "Morning Xpresso" und "Evening Xtrakt" heben sich deutlich von den gängigen Newslettern ab. Beispiele ansehen bzw. kostenfrei anmelden. Wichtige Börse-Infos garantiert.

    Newsletter abonnieren

    Runplugged

    Infos über neue Financial Literacy Audio Files für die Runplugged App
    (kostenfrei downloaden über http://runplugged.com/spreadit)

    per Newsletter erhalten


    Meistgelesen
    >> mehr





    PIR-Zeichnungsprodukte
    AT0000A2MJG9
    AT0000A2SL57
    AT0000A2RA44
    Newsflow
    >> mehr

    Börse Social Club Board
    >> mehr
      BSN MA-Event Puma
      BSN MA-Event Porsche Automobil Holding
      BSN MA-Event Puma
      #gabb #949

      Featured Partner Video

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      Das Sporttagebuch mit Michael Knöppel - 26. September 2021