Home / Knowledge / News / Textiles / Lenzing briefly suspends lyocell expansion project in US

Lenzing briefly suspends lyocell expansion project in US

27
Sep '18
Courtesy: Lenzing
Courtesy: Lenzing
Lenzing’s Managing Board has decided to temporarily mothball the lyocell expansion project in Mobile, Alabama, US. The Lenzing Group is a leading, international company that produces high-quality fibres and filaments from the renewable raw material wood with environmentally friendly and innovative technologies. The company is headquartered in Austria.

The rising likelihood of increasing trade tariffs, paired with the potential surge in construction costs due to the buoyant US labour market, have increased the risk profile of this project, the company said in a media statement.

Consequently, Lenzing will put all its effort to readjust the execution of its growth plan to meet strong market demand of its lyocell fibres. This includes an increased focus on the lyocell expansion project in Prachinburi, Thailand. Lenzing will reassess this decision on a regular basis, but no substantial additional lyocell volumes, over and above the successful 25.000 tons expansion in Heiligenkreuz (Austria), will be added to the market in 2019 and 2020 by Lenzing.

Lenzing continues to be fully committed to implement its sCore Ten strategy and remains on track for the specialty expansions such as Tencel Luxe filaments and Lensing Ecovero viscose fibres, however this decision will slow down the implementation of the lyocell specialty staple fibre growth. (GK)

Fibre2Fashion News Desk – India


Must ReadView All

China keen to invest in Bangla apparel, leather sectors

Apparel/Garments | On 21st Nov 2018

China keen to invest in Bangla apparel, leather sectors

Chinese investors expressed keen interest to invest in apparel,...

Armenia to resume cotton production

Textiles | On 21st Nov 2018

Armenia to resume cotton production

Armenia will soon resume cotton production with the establishment of...

Indian textile industry showing signs of recovery: CITI

Textiles | On 21st Nov 2018

Indian textile industry showing signs of recovery: CITI

The Indian textiles and apparel industry is showing signs of recovery ...

Interviews View All

Top executives, Textile industry

Top executives
Textile industry

Denimsandjeans India 2018

Rahul Bhadani, Looksgud

Rahul Bhadani
Looksgud

Navigating through catalogues is a bit hasslesome

Top executives, Textile industry, India

Top executives
Textile industry, India

Such fairs are a must for industry to showcase new innovations

John Kelley,

John Kelley

Textile Events is one of the largest textile fair in the United Kingdom,...

Mark Tokuhara,

Mark Tokuhara

Japan-based FitJoy, a shoe brand for women, has been in the footwear...

Akshat Chaudhary,

Akshat Chaudhary

Aizome, Asia's first Fairtrade denim brand, is all set to launch next...

Marcel Alberts, Eurofibers

Marcel Alberts
Eurofibers

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

Luis Quijano, Liberty University

Luis Quijano
Liberty University

Focusing on bold patterns and colour palettes, Luis Quijano, a student at...

Giulio Cesareo, Directa Plus SpA

Giulio Cesareo
Directa Plus SpA

Established in 2005, Direct Plus SpA, is one of the largest producers and...

Hemant & Nandita, Hemant & Nandita

Hemant & Nandita
Hemant & Nandita

The designer duo of Hemant & Nandita are known for being inspired by...

Tony Ward, Tony Ward

Tony Ward
Tony Ward

"You have to truly understand what your client wants, know her needs, what ...

Karan Arora, Karan Arora

Karan Arora
Karan Arora

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

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

Leave your Comments


November 2018

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

news category


Related Categories:

Advanced Search