Home / Knowledge / News / Textiles / Lenzing to continue its cellulose fibers expansion program
Lenzing to continue its cellulose fibers expansion program
14
Mar '08
The business result of the Lenzing Group for 2007 clearly surpasses the very good result of 2006. Excellent economic conditions and the dynamic expansion of the group in fibers and plastics form the basis of yet another record result. According to preliminary figures, consolidated sales rose by 20.9% to EUR 1.26 bill.

EBITDA improved by 35.4% to EUR 229.3 mill. (2006: EUR 169.3 mill.) and EBIT rose by 50.6% to 162.3 mill. (2006: EUR 107.8 mill.). Net income improved by 33.1% to EUR 117.6 mill. (2006: EUR 88.4).

The management board will propose a dividend of EUR 14.00 per share (2006: EUR 10.00). “We made optimum use of the opportunities provided by fiber boom year 2007 and fully utilized our production capacity that we had built up in time.

At the same time we passed raw material price increases on to the market. To add, we had the strong expansion of Business Unit Plastics with four new businesses acquired in the past twelve months alone“ comments Thomas Fahnemann, chairman of the management board.

Sales by Segment Fibers – generating 80% of consolidated sales – according to preliminary segment reporting were EUR 1,069.5 mill. (2006: EUR 902.8 mill.). Segment EBIT improved to EUR 148.4 mill. (2006: EUR 89.6 mill.) and 560,000 tons (2006: 480,000 tons) of produced fibers constitute a new production record.

It was brought about mainly by the start of production at the fiber plant in Nanjing (China). “Lenzing in 2007 further enhanced its global lead in cellulose fiber production in terms of quantity as well as quality” is Thomas Fahnemann's comment on the current development.

The newly developed fiber Micro Modal AIR, a particularly fine fiber for high quality lingerie applications, is a case in point, as well as the current outstanding success of Lenzing FR fibers: this Lenzing fiber is not only very much in demand for heat resistant work wear for industry and fire fighting.

It also is the basis of a new generation of flame retardant uniforms for the US armed forces. Continuous innovation significantly broadened Lenzing's areas of application for nonwovens, particularly in technical applications, for example as reinforcement fibers replacing asbestos or glass fiber.

Lenzing's specialty fiber TENCEL, for example, is used in the separators of high performance batteries of hybrid-power cars.

Must ReadView All

Apparel/Garments | On 27th Apr 2017

Boohoo's revenue increases 51% to reach £294.6 mn

Fashion e-commerce marketplace Boohoo has recorded a 51 per cent...

Apparel/Garments | On 27th Apr 2017

Amazon catching up with Flipkart in India: RedSeer

Online marketplace Amazon India has caught up with its biggest rival...

Textiles | On 27th Apr 2017

Seven new organisations join ZDHC Programme

The Zero Discharge of Hazardous Chemicals (ZDHC) Programme from...

Interviews View All

Krishnanand Tripathi
Textrade International Ltd

We believe in vocational education for entry-level employees, offering...

Yash Maniyar
Rekha Maniyar

Indian fashion market is growing at a staggering rate

Viral Desai
Zenitex Mill Pvt Ltd

Full of green energy

Kai Poehler
Voith Paper GmbH & Co. KG

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

Lynda Kelly
Suominen Corporation

Suominen Corporation is a manufacturer of nonwovens as roll goods for...

Marten Alkhagen
Swerea IVF AB

Marten Alkhagen, Senior Scientist - Nonwoven and Technical Textiles of...

Ritu Kumar
Label Ritu Kumar

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

Karan Arora
Karan Arora

Bridal couture created with rich Indian heritage, exquisite craftsmanship...

Igor Chapurin
Chapurin

"Now we can see the Russian trend in international fashion. And Russian...

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:
April 2017

April 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