EQS-News: Lenzing AG: Lenzing receives EU Ecolabel for environmentally friendly fiber production at Indonesian production plant

EQS-News: Lenzing AG / Key word(s): Sustainability
   Lenzing AG: Lenzing receives EU Ecolabel for environmentally friendly
   fiber production at Indonesian production plant

   21.09.2023 / 09:00 CET/CEST
   The issuer is solely responsible for the content of this announcement.

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   Lenzing receives EU Ecolabel for environmentally friendly fiber production
   at Indonesian production plant

    

     • EU Ecolabel certification confirms high ecological standards in
       Lenzing’s viscose fiber production in Indonesia
     • Product portfolio thus successfully expanded to include special fibers
       of the LENZING™ ECOVERO™ and VEOCEL™ brands
     • Modernization of the Indonesian production site brings significant
       reduction in emissions

    

   Purwakarta – The Lenzing Group, a world-leading provider of specialty
   cellulose fibers for the textile and nonwoven industries, has received
   certification from the internationally recognized EU Ecolabel[1]^[1] for
   its fibers at the Indonesian site. This means that Lenzing fibers produced
   in Purwakarta (PT. South Pacific Viscose) meet high environmental
   standards. The product portfolio thus expands and qualifies for the
   production of LENZING™ ECOVERO™ brand fibers for textiles and VEOCEL™
   brand fibers for nonwoven applications. By switching its previous
   production capacities to specialty viscose, Lenzing is in a better
   position to serve the strongly growing demand for environmentally friendly
   viscose fibers.

    

   The substantial investment of EUR 100 mn to modernize the Indonesian site
   has enabled Lenzing to significantly reduce its specific emissions. In
   addition, the site recently began sourcing energy from renewable sources
   and is driving the conversion to biomass in line with Lenzing's goals of
   reducing group-wide carbon emissions per ton of product sold by 50 percent
   by 2030 and achieving carbon-neutral production by 2050.

    

   “We are working tirelessly to make the industries in which we operate even
   more sustainable and to drive the transformation of the textile business
   model from a linear to circular. I am therefore very pleased that we have
   now received the EU Ecolabel, which once again confirms our sustainability
   performance. Our investments in Indonesia, as well as in other Lenzing
   sites around the world, put us in an even better position to meet the
   growing demand for specialty fibers with low environmental impact,” said
   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, to which both the global textile and nonwovens industries make a
   major contribution. LENZING™ ECOVERO™ viscose fibers (for textiles) and
   VEOCEL™ Viscose (for nonwovens) have been proven to cause significantly
   less greenhouse gas emissions and water pollution than conventional
   viscose. At the Indonesian site, Lenzing also plans to produce the
   innovative LENZING™ ECOVERO™ Black fibers in the future, which also
   require less energy and water in textile chain thanks to the spun-dyeing
   process and thus also have a lower carbon footprint in their life cycle as
   a textile product.

    

    

   Photo download:

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

    

    

   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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   21.09.2023 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: 1730803


    
   End of News EQS News Service


   1730803  21.09.2023 CET/CEST

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