Lenzing AG will invest approximately €130 million in the new factory, making it one of the largest individual industrial investments in Austria at the present time. This project will be accompanied by considerable infrastructure investments. Moreover, once it is put into operation the Tencel production plant will generate 110 additional highly qualified jobs in Lenzing in the long term, as well as a large number of other jobs in the region. The planning and construction of the facility also leads to a corresponding value creation.
“With the Tencel plant the fiber technology of the future and the latest generation of man-made cellulose fibers is returning to our corporate headquarters in Lenzing. The Lenzing pilot plant was the place where 20 years ago the first marketable lyocell fibers in the history of the Lenzing Group were produced. They are now marketed around the world under the Tencel brand name”, says Friedrich Weninger, member of the management board of the Lenzing Group and COO responsible for the fiber business.