EQS-News: Lenzing AG: 25 years of success: Lenzing celebrates two significant anniversaries at its Heiligenkreuz site

EQS-News: Lenzing AG / Key word(s): Sustainability/Miscellaneous
   Lenzing AG: 25 years of success: Lenzing celebrates two significant
   anniversaries at its Heiligenkreuz site

   08.06.2022 / 12:00
   The issuer is solely responsible for the content of this announcement.

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   25 years of success: Lenzing celebrates two significant anniversaries at
   its Heiligenkreuz site

     • 25-year success story at Heiligenkreuz site in Burgenland
     • Lenzing reaches milestone of 1 million tons of sustainably produced
       lyocell fibers
     • Vital contribution to the strategy and corporate success of the
       Lenzing Group

   Heiligenkreuz – The Lenzing Group, a world-leading provider of wood-based
   specialty fibers for the global textile and nonwoven industries, is
   celebrating the 25^th anniversary of its site in Heiligenkreuz, Burgenland
   on June 08, 2022. Since its launch in 1997, the lyocell plant has
   contributed hugely to the success of the Lenzing Group. The site is also
   celebrating the successful production of one million tons of wood-based,
   biodegradable lyocell fibers.

   Stephan Sielaff, CEO of the Lenzing Group, and Bernd Zauner, managing
   director of Lenzing Fibers Heiligenkreuz, were pleased to welcome staff
   and numerous guests of honor including Hans Peter Doskozil, governor of
   Burgenland, Georg Rosner, member and 2^nd president of the Burgenland
   State Parliament, and Manfred Gerger, chairman of the Burgenland branch of
   the Federation of Austrian Industries.

   “We are very proud of the milestones we have achieved. The Heiligenkreuz
   site has become a highly important part of the Lenzing Group and plays a
   crucial role in the implementation of our specialty fiber strategy. We
   would like to give special thanks to our staff for their commitment and
   tireless input. Together, we will continue to lead the transition from a
   linear to a circular economy model in the global textile and nonwoven
   industries in the future,” says Stephan Sielaff, CEO of Lenzing AG.

   “Since we began producing environmentally-friendly lyocell fibers at this
   site 25 years ago, we have expanded the facility to make it one of the
   largest industrial employers in southern Burgenland. This anniversary and
   the production of one million tons of lyocell fibers are major milestones
   in our success story and represent a huge boost to growth and innovation
   in southern Burgenland,” says Bernd Zauner, managing director of Lenzing
   Fibers Heiligenkreuz.

   Pollution of the environment – especially our oceans – is one of the
   biggest problems of our time. The fashion industry has an extremely
   negative impact on the environment due to its fast fashion business model
   and the growing consumption of fossil resources in textile production. The
   lyocell process is the most modern method of producing fibers from wood.
   It has been successfully used on an industrial scale for around 30 years
   and is particularly kind to the environment. The underlying idea is to
   dissolve and process the pulp in a closed loop without any chemical
   derivatization.

   Lenzing first discovered the lyocell technology in 1990 and has
   continuously developed the process since then. After years of preparatory
   research and the construction of a pilot facility, the first lyocell
   production plant to operate on an industrial scale was launched at the new
   site in Heiligenkreuz in 1997.

   Nowadays, as well as producing specialty fibers, the site at Heiligenkreuz
   has evolved to become a central hub for the development of new and
   sustainable innovations. One of Lenzing’s revolutionary processes is the
   REFIBRA™ recycling technology, which has been a focus of further
   development at the facility in the Burgenland region. The lyocell plant in
   Heiligenkreuz also supports the Lenzing Group’s ambitious climate targets.
   In 2019, the Lenzing Group became the first company in its sector to set
   the strategic goal of halving its greenhouse gas emissions per ton of
   product by 2030. By 2050, the Group aims to achieve a carbon-neutral
   future, a target that has been scientifically recognized by the Science
   Based Targets Initiative.

   Photo download:
   [1]https://mediadb.lenzing.com/pinaccess/showpin.do?pinCode=FrACufkItOVo
   PIN: FrACufkItOVo

   Your contact for                               Daniel Winkelmeier
   Public Relations:                              Communications Manager
                                                  Lenzing Aktiengesellschaft
   Dominic Köfner                                 Werkstraße 2, 4860 Lenzing,
   Vice President Corporate Communications &      Austria
   Public Affairs
   Lenzing Aktiengesellschaft                     Phone +43 7672 701 2871
   Werkstraße 2, 4860 Lenzing, Austria            E-mail [4]media@lenzing.com
                                                  Web [5]www.lenzing.com
   Phone +43 7672 701 2743
   E-mail [2]media@lenzing.com
   Web [3]www.lenzing.com

    

   About the Lenzing Group

   The Lenzing Group stands for ecologically responsible production of
   specialty fibers made from the renewable raw material wood. As an
   innovation leader, Lenzing is a partner of global textile and nonwoven
   manufacturers and drives many new technological developments.

   The Lenzing Group’s high-quality fibers form the basis for a variety of
   textile applications ranging from elegant ladies clothing to versatile
   denims and high-performance sports clothing. Due to their consistent high
   quality, their biodegradability and compostability Lenzing fibers are also
   highly suitable for hygiene products and agricultural applications.

   The business model of the Lenzing Group goes far beyond that of a
   traditional fiber producer. Together with its customers and partners,
   Lenzing develops innovative products along the value chain, creating added
   value for consumers. The Lenzing Group strives for the efficient
   utilization and processing of all raw materials and offers solutions to
   help redirect the textile sector towards a closed-loop economy. In order
   to reduce the speed of global warming and to accomplish the targets of the
   Paris Climate Agreement and the “Green Deal” of the EU Commission, Lenzing
   has a clear vision: namely to make a zero-carbon future come true.

   Key Facts & Figures Lenzing Group 2021
   Revenue: EUR 2.19 bn
   Nameplate capacity: 1,145,000 tons
   Employees: 7,958

   TENCEL™, VEOCEL™, LENZING™, REFIBRA™, ECOVERO™, LENZING MODAL™, LENZING
   VISCOSE™, MICROMODAL™ and PROMODAL™ are trademarks of Lenzing AG.

    

    

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   08.06.2022 This Corporate News was distributed by EQS Group AG.
   www.eqs.com

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   Language:    English
   Company:     Lenzing AG
                4860 Lenzing
                Austria
   Phone:       +43 7672-701-0
   Fax:         +43 7672-96301
   E-mail:      office@lenzing.com
   Internet:    www.lenzing.com
   ISIN:        AT0000644505
   Indices:     ATX
   Listed:      Vienna Stock Exchange (Official Market)
   EQS News ID: 1371075


    
   End of News EQS News Service


   1371075  08.06.2022 

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