Home / Knowledge / News / Textiles / Lenzing investing €100mn to hike specialty fibre capacity
Lenzing investing €100mn to hike specialty fibre capacity
03
Aug '16
Austrian producer of specialty fibres Lenzing is investing €100 million over the next 20 months to expand capacities for its high quality botanic fibres.

Lenzing had earlier set the target of increasing the share of specialty fibres as a proportion of its total revenue to 50 per cent by 2020, which currently accounts for 41.7 per cent of revenue.

The major part of investments will be carried out in 2016 and 2017 and the company will fully utilise its in house engineering competence, supported by local construction companies and suppliers.

Lenzing AG decided to start its investment program for speciality fibers at its existing sites in Austria and the UK as it allows fast capacity ramp up.

Lenzing CEO Stefan Doboczky said, “Given the strong market demand, this expansion will help our customers in their growth plans as well as expanding our global market leadership position for specialty fibres.” (AR)

Fibre2fashion News Desk - India

Must ReadView All

Textiles | On 30th Sep 2016

China aims 6-7% annual output growth in textile industry

The Chinese government has set a target to achieve average annual...

Apparel/Garments | On 30th Sep 2016

Cambodian workers to get $153 minimum wage from Jan

Garment workers in Cambodia would get a minimum wage of $153 per...

Textiles | On 30th Sep 2016

South Indian mills seek cotton storage facility in Colombo

South Indian textile mills, primarily those in Tamil Nadu are looking ...

Interviews View All

Vidhyaa Shankar. S
A Ganapathi Chettiar

Johan Berlin
InvestKonsult Sweden AB

Investkonsult Sweden AB has been buying and selling second-hand textile...

Marcel Alberts
Eurofibers

Coating at a fibre level is a practice not usually seen in the...

Larry L Kinn
Suominen Corporation

Larry L Kinn, Senior Vice President - Operations Americas of Suominen...

Wendell Rodricks
Wendell Rodricks

"We should not compare India and the West. There are things we do that...

Bani Batra

Bani Batra’s couture wedding collection is inspired by traditional Indian...

Mike Hoffman
Gildan Activewear SRL

Gildan Activewear, a manufacturer and marketer of branded clothing and...

Press Release

Press Release

Letter to Editor

Letter to Editor

RSS Feed

RSS Feed

Submit your press release on


editorial@fibre2fashion.com

Letter To Editor






(Max. 8000 char.)

Search Companies





SEARCH
September 2016

September 2016

Subscribe today and get the latest update on Textiles, Fashion, Apparel and so on.

SUBSCRIBE


Browse Our Archives

GO


Advanced Search