Lenzing To Expand Into India
Lenzing will build a new viscose fiber production facility in India in cooperation with the Indian Modi Group. The new plant will initially be able to produce 80,000 tons of viscose fibers for textiles and nonwovens and will employ 700. It will be located in an industrial park in Maharashtra State about 45 miles south of Mumbai. Production will start in 2010-2011. The announcement follows other Asian expansions including the successful startup of a new plant in Nanjing, China. Its partner, the Modi Group, is a successful local conglomerate with an annual turnover of $1.2 billion.