Home / Knowledge / News / Textiles / Lenzing transfers 60% share in Business Unit Paper
Lenzing transfers 60% share in Business Unit Paper
27
Feb '08
The Lenzing Group will transfer 60 percent of its shares in Business Unit Paper and the control of the business to a group of investors around core investor Ernst Brunbauer (Gmunden, Austria) with the beginning of March. Lenzing AG will keep the remaining 40 percent.

A corresponding declaration of intent has already been signed and a final framework agreement will be signed with the group of investors this week. The new majority shareholder will operate Lenzing Paper at its site, Lenzing (Austria), as an independent business.

The decision is a consistent continuation of Lenzing's strategic focus on innovative cellulose fiber products, high-quality synthetic special fibers and thermoplastics.

Lenzing expands dynamically in these two segments. The Group is world market leader in cellulose fibers and has acquired four companies in plastics in 2007 alone. Lenzing Paper is the smallest business unit of the Lenzing Group, with an annual production of 80,000 tons of specialty papers (envelope, poster and recycled paper) and a turnover of about EUR 60 mill. The current staff of about 130 will be taken over by the new majority shareholder.

The Lenzing Group is an international corporate group with headquarters in Upper Austria. We are present on world markets and we set standards in the field of man-made cellulose fibers with our quality and our innovations.

Lenzing fibers (viscose, modal and lyocell) are made from wood, the renewable rawmaterial. They are used by the textile industry – for garments, home textiles and technical textiles – as well as by the nonwovens industry (sanitary, medical, cosmetics).

The Lenzing Group


Must ReadView All

Textiles | On 24th Jun 2017

Applied DNA to tag cotton for 2017/18 US ginning season

Applied DNA, provider of DNA-based supply chain security,...

Apparel/Garments | On 24th Jun 2017

NPD Group launches Trend Tracker for apparel trends

Global information company the NPD Group has launched Trend Tracker,...

Textiles | On 24th Jun 2017

Cotton USA’s first innovation competition in UK ends

Cotton USA has announced the successful close to its first innovation ...

Interviews View All

Karan Toshniwal
Orange O Tec

Contemporary industry is paying more and more attention to the...

Vidhyaa Shankar. S
A Ganapathi Chettiar

'The usage of knits is getting into the boundaries of woven fabrics'

Prabu Mohanram
Balavigna Weaving Mills Pvt Ltd

The biggest challenge that the weaving industry faces is high price

Eamonn Tighe
Nature Works LLC

Eamonn Tighe, Fibres and Nonwovens - Business Development Manager of...

Kai Poehler
Voith Paper GmbH & Co. KG

The glass mat industry is growing by five to eight per cent annually. Kai...

Johan Berlin
InvestKonsult Sweden AB

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

Ritu Kumar
Label Ritu Kumar

‘Classics will return’ "There are a lot of people wearing western clothes ...

Aditi Somani
Aditi Somani

Aditi Somani specialises in luxury fusion wear with international cuts and ...

Yash P. Kotak
Bombay Hemp Company

One of the directors of Bombay Hemp Company, Yash P. Kotak, speaks to...

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

news category


Related Categories:
June 2017

June 2017

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

SUBSCRIBE


Browse Our Archives

GO


E-News Insight
Subscribe Today and Get the
Latest News Update in Your Mail Box.
Advanced Search