EQS-News: Lenzing AG: Lenzing successfully completing the conversion and upgrade of its Indonesian site

EQS-News: Lenzing AG / Key word(s): Sustainability
   Lenzing AG: Lenzing successfully completing the conversion and upgrade of
   its Indonesian site

   31.08.2023 / 09:00 CET/CEST
   The issuer is solely responsible for the content of this announcement.

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   Lenzing successfully completing the conversion and upgrade of its
   Indonesian site

    

     • Transformation to a state-of-the-art production site in Indonesia:
       Significant reduction of emissions expected
     • Investment turns location into a supplier of specialty viscose fibers
       for which certification according to the standard of the
       internationally recognized EU Ecolabel is being sought

    

   Purwakarta – The Lenzing Group, a world-leading provider of specialty
   fibers for the textile and nonwoven industries, has made significant
   technical improvements to its Purwakarta site (PT. South Pacific Viscose).
   Lenzing has invested more than EUR 100 million since 2021 to convert
   existing production capacity to specialty viscose. With the imminent
   completion of the investment, Lenzing is in a better position to serve the
   strongly growing demand for specialty fibers.

    

   Lenzing is striving for certification according to the standard of the
   internationally recognized EU Ecolabel[1]^[1]. The product portfolio would
   thus include LENZING™ ECOVERO™ branded fibers for textiles and VEOCEL™
   branded fibers for nonwoven applications. In the course of these
   substantial investments, Lenzing has set the goal of significantly
   reducing emissions at the site. Moreover, the site started to obtain
   renewable grid electricity and promotes a changeover to biomass in line
   with Lenzing's goals of reducing carbon emissions per ton of product by 50
   percent by 2030 and achieving carbon-neutral production by 2050.

    

   “Demand for specialty fibers with low environmental impacts continues to
   grow structurally. We see enormous growth potential in Asia in particular.
   Through our investments in Indonesia and also at other Lenzing sites
   worldwide, we are in a better position to serve this growing demand. At
   the same time, we continue working tirelessly to make the industries in
   which we operate even more sustainable and to drive the transformation of
   the textile business model from linear to circular,” says Stephan Sielaff,
   Chief Executive Officer of the Lenzing Group.

    

   Boosting growth in specialty fibers

   Anthropogenic climate change is one of the most pressing problems of our
   time, with both the global textile and the nonwoven industry being among
   the major contributors. LENZING™ ECOVERO™ viscose fibers (for textiles)
   and VEOCEL™ specialty viscose (for nonwovens) demonstrably cause
   significantly less greenhouse gas emissions and water pollution than
   generic viscose.

    

   Photo download:

   [2]https://mediadb.lenzing.com/pinaccess/showpin.do?pinCode=Phg9KWFjOhE2
   PIN: Phg9KWFjOhE2

    

   Your contacts:                              
                                               
   Dominic Köfner                             Daniel Winkelmeier
   Vice President Corporate Communications  & Communications Manager
   Public Affairs                             Lenzing Aktiengesellschaft
   Lenzing Aktiengesellschaft                 Werkstraße 2, 4860 Lenzing,
   Werkstraße 2, 4860 Lenzing, Austria        Austria
                                               
   Phone   +43 7672 701 2743                  Phone    +43 7672 701 2871
   E-mail    media@lenzing.com                E-mail     [4]media@lenzing.com
   Web       [3]www.lenzing.com               Web        [5]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 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 2022
   Revenue: EUR 2.57 bn
   Nominal capacity: 1,145,000 tonnes
   Number of employees (headcount): 8,301
    
   TENCEL™, VEOCEL™, LENZING™,  REFIBRA™, ECOVERO™,  LENZING MODAL™,  LENZING
   VISCOSE™, MICROMODAL™ and PROMODAL™ are trademarks of Lenzing AG.

      

   [6]^[1] The EU Ecolabel is recognized in all member states of the European
   Union, as well as Norway, Liechtenstein and Iceland. The voluntary label,
   introduced by an EU regulation in 1992 (Regulation EEC 880/92), has
   gradually become a reference point for consumers who want to help reduce
   pollution by purchasing more environmentally-friendly products and
   services.

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   31.08.2023 CET/CEST This Corporate News was distributed by EQS Group AG.
   www.eqs.com

   ══════════════════════════════════════════════════════════════════════════

   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: 1715273


    
   End of News EQS News Service


   1715273  31.08.2023 CET/CEST

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