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Lenzing news and archive

Report

Lenzing reports loss in fiscal year 2022

In the year under review, Lenzing revenue increased by 16.9 percent to 2.57 billion euros, primarily as a result of higher fibre prices, while EBITDA decreased by 33.3 percent to 241.9 million euros in 2022. The net result for the year was minus 37.2 million euros compared with 127.7 million euros in the 2021 financial year, while earnings per...

Mar 9, 2023

Report

Lenzing suspends dividend policy for FY23

Lenzing AG expects EBITDA for the 2023 financial year to be in a range of 320 million euros to 420 million euros, assuming a further market recovery in the current financial year. On this basis, the company said in a statement that the company’s managing board of Lenzing AG does not consider the execution of the existing dividend policy of at...

Mar 8, 2023

Fashion

Lenzing and NFW collaborate on sustainable leather alternative

Austrian fibre producer Lenzing Group has teamed up with US-based material science company Natural Fiber Welding Inc. (NFW) to offer Tencel-branded fibres as another backer option to the current all-natural fabric backing for NFW’s patented plant-based technology Mirum. The Mirum x Tencel collaboration is currently being showcased for the first...

Feb 22, 2023

Fashion

Together with partners, Lenzing succeeds in reaching a milestone in the development of a circular-based fashion collection

• Lenzing, Södra and Portuguese fabric manufacturer Riopele advance circularity together • World-renowned fashion label Filippa K will present the revolutionary recycled material in its Spring/Summer 2024 collection The Lenzing Group, the world’s leading supplier of specialty fibers, and Sweden’s leading pulp producer Södra have reached the next...

Feb 15, 2023

BusinessFeatured

Filippa K to debut “game-changing” new recycled and renewable material

Swedish fashion brand Filippa K is to debut what it is calling a “game-changing” recycled material in its spring/summer 2024 collection developed in collaboration with Södra, Lenzing and Riopele. In a statement, Filippa K said that the innovative material is made from a combination of textile waste and wood cellulose, utilising OnceMore...

Feb 14, 2023

Business |Interview Featured

How could fibre recycling become mainstream? In conversation with Lenzing’s veteran Michael Kininmonth

Fibre recycling technologies don’t grow overnight, but the fashion industry needs them as soon as possible to meet the ambitious climate goals of 2030. For the Lenzing Group, one of the oldest companies in regenerated cellulose fibres, ‘Refibra’ is the focal recycling innovation. The fibre blend consists of cellulose pulp made from wood and...

Jan 20, 2023

Business

Lenzing Group signs deal to finance solar panel plant

The Lenzing Group, a provider in wood-based fibres, has announced that it has signed onto an electricity supply contract with green power producer Enery and Energie Steiermark which will see it finance the development of a solar panel plant. With construction set to commence this autumn in Austria’s Deutschlandsberg region, the plant will supply...

Sep 14, 2022

ManagementFeatured

Lenzing H1 revenues grow but earnings decline

The Lenzing Group’s revenue grew by 25.2 percent year-on-year to 1.29 billion euros in the first half of 2022, primarily due to higher fibre prices. EBITDA decreased by 13.3 percent to 188.9 million euros and the EBITDA margin reduced from 21.1 to 14.6 percent in the first half of the year. Commenting on the outlook, Stephan Sielaff, Lenzing...

Aug 3, 2022

Report

Lenzing reports 25.7 percent sales growth in Q1

Lenzing Group revenue grew by 25.7 percent to reach 615 million euros in the first quarter of 2022, due to continued high demand for wood-based biodegradable specialty fibres and higher fibre prices. First quarter EBITDA decreased by 7 percent to 88 million euros and the EBITDA margin reduced from 19.3 to 14.3 percent. Net profit for the quarter...

May 4, 2022

Fashion Featured

Tencel launches Tree Climate fabric for sustainable outdoor apparel

Lenzing, the leading global producer of wood-based speciality fibres, has launched the Tree Climate fabric collection by Tencel to offer a functional and sustainable option for outdoor apparel. The new Tree Fabric collection was unveiled at Performance Days in Munich, curated by outdoor fabric innovators David Parkes and Marco Weichert, to...

Apr 28, 2022

Business

Lenzing opens "world's largest" lyocell plant in Thailand

The Lenzing Group, the world's leading supplier of wood-based specialty fibers, is pleased to announce the successful completion of its key lyocell expansion project in Thailand. The new plant, the largest of its kind in the world with a nameplate capacity of 100,000 tons per year, started production on schedule and will help to even better meet...

Mar 3, 2022

News

Lenzing starts research competition for ethical and sustainable fashion

Austrian fibre producer Lenzing Group will present its new Young Scientist Award for outstanding research in the field of fibres and textiles for the first time in 2022. The platform for the same will be the Dornbirn Global Fiber Congress (GFC Dornbirn), which will take place from 14th to 16th September 2022. There, bachelor’s and master’s...

Feb 4, 2022