Lenzing raises outlook for current financial year
Fibres/Yarns
Lenzing invests EUR 100 million in sustainable production technology
Lenzing is investing more than EUR 100 million in sustainable manufacturing technologies and production facilities until 2022.
13th July 2018
Knitting Industry
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Lenzing
The Lenzing Group, a producer of botanic fibres from wood, is expanding its environmental leadership commitment. As a leader in wood-based cellulosic fibres, Lenzing says it has ambition to help raising the bar in sustainability in the textiles and nonwovens industries.
To fulfil this vision, Lenzing is investing more than EUR 100 million in sustainable manufacturing technologies and production facilities until 2022. In order to further extend the company’s environmental leadership, a major part of this investment will focus on closed loop production technologies for the expansion of the sulphur recovery systems.
The second area of investment will be in improving the effluent treatment units. In addition, Lenzing will upgrade its energy usage to more sustainable solutions reducing its greenhouse gas emissions due to the construction of a gas boiler at its site in China. This investment strengthens Lenzing’s sustainability leadership at its viscose facility in Nanjing.
The investments underline Lenzing’s commitment to the United Nations Sustainable Development Goals (SDG) as guiding principles for its sustainability agenda. One of the most significant SDGs for the company is SDG 12: Responsible production and consumption, says Stefan Doboczky, CEO.
“The textiles and the nonwoven industries face fundamental challenges related to sustainability. Lenzing is passionate to take a leadership role in addressing this and making the world a better place. Our holistic approach to sustainability underpins this scope. The new eco-investment programme is a major step forward in our ambitions,” he explained.
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