04 March 2022, Mumbai:
The Lenzing Group, the world's largest provider of wood-based speciality fibers, has completed a major lyocell expansion project in Thailand.
The firm stated in a statement that the new plant, the world's largest of its kind with a nameplate capacity of 100,000 tonnes per year, began production on time and would help the company fulfill rising customer demand for TENCELTM-branded lyocell fibers even better.
Recruiting and onboarding new staff, in particular, have proven effective. This effort required around € 400 million in capital expenditures (CAPEX). "We are quite proud of this accomplishment.
Our heartfelt gratitude goes out to the whole Lenzing team, particularly our Thai employees, as well as many external stakeholders who came together in the midst of a worldwide epidemic to make this critical initiative a reality. Given the obstacles of the worldwide pandemic, completing such a large project on time and on budget is an extraordinary success," stated Cord Prinzhorn, CEO of the Lenzing Group.
According to the firm, it will continue to grow its lyocell fiber production capacity as part of its sCore TEN strategy, which intends to produce 75 percent of its fiber income from environmentally responsible speciality fibers such as TENCELTM, LENZINGTM ECOVEROTM, and VEOCELTM by 2024.
RELATED ARTICLE: CDP, the gold standard of environmental reporting, names Lenzing as one of the most sustainable companies worldwide
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*CREDITS: lenzing.com & Apparel Resources.
