EANS-News: Lenzing AG / Lenzing invests in state-of-the-art wastewater treatment at Grimsby site

Corporate news transmitted by euro adhoc with the aim of a Europe-wide distribution. The issuer is responsible for the content of this announcement.

Strategic Management Decisions

-

  • Another milestone on the path to targeted reduction of wastewater emissions
  • All production facilities operate in line with the Lenzing Group's high standards
  • Full utilization of production capacity possible at the site
  • New EU environmental requirements will be fully and promptly satisfied starting in 2024

Lenzing - The Lenzing Group, a world-leading provider of wood-based specialty fibers for the textile and nonwoven industries, is investing GBP 20 mn (equal to EUR 23.3 mn) to build a new, state-of-the-art wastewater treatment plant at its site in Grimsby, United Kingdom. The investment is part of the company's plans to reduce wastewater emissions by 2022.

Once it has implemented this project, Lenzing will have biological wastewater treatment plants that meet the best available techniques (BAT) quality standard at all its production sites. The plant design, which will employ a new technology developed as part of a research project, is fully aligned with the UK regulator and supported by the local authorities. "This is a huge step forward in delivering the overall Lenzing strategic goals and a milestone in our long-term plan to give the Grimsby site a solid platform for sustainable growth", says Phil Munson, Director Operations Lyocell Grimsby at Lenzing.

The site's current wastewater situation complies fully with the EU Water Framework Directive as well as all local laws and regulations. The investment has been approved by the Supervisory Board, ensuring that construction can start this year and the plant will be commissioned well before the UK-ratified EU directive[1] [#_ftn1] goes into effect. This will be the largest investment since opening this lyocell site, which manufactures premium products for technical and innovative market segments, among other things.

Responsible water use

After modernizing the wastewater treatment plant at the company's Purwakarta site in Indonesia, the construction of the new plant in Grimsby marks another big step toward reducing the Group's wastewater emissions 20 percent by 2022 (against a 2014 baseline). Responsible water use is one of the core elements of Lenzing's "Naturally positive" sustainability strategy and is largely executed by using water efficiently in manufacturing and employing state-of-the-art water treatment technologies.

"Lenzing has set itself concrete sustainability targets for the most important challenges in every one of its strategic core areas, and we are pursuing them in a very disciplined fashion", says Stefan Doboczky, Chief Executive Officer of the Lenzing Group. "Lenzing has demonstrated quite impressively with this project that financial performance and corporate citizenship are not mutually exclusive but unlock synergies instead."

Photo download [https://mediadb.lenzing.com/pinaccess/showpin.do?pinCode=qETMx3I1M5G3] PIN: qETMx3I1M5G3

[1] [#_ftnref1] Best Available Techniques (BAT) Reference Document for Waste treatment Industrial Emissions Directive 2010/75/EU (Integrated Pollution Prevention and Control)

end of announcement euro adhoc

issuer: Lenzing AG

A-4860 Lenzing
phone: +43 7672-701-0
FAX: +43 7672-96301
mail: office@lenzing.com
WWW: http://www.lenzing.com
ISIN: AT0000644505
indexes: ATX, WBI
stockmarkets: Wien
language: English

Digital press kit: http://www.ots.at/pressemappe/1597/aom

Rückfragen & Kontakt:

Dominic Köfner
Vice President Corporate Communications & Public Affairs
Lenzing AG
Phone: +43 7672 701 2743
E-mail: media@lenzing.com

ORIGINAL APA-OTS TEXT - THE INFORMATION CONTAINED IN THIS PRESS RELEASE IS SUBJECT TO THE EXCLUSIVE RESPONSIBILITY OF THE ISSUER | CNE0001