Lenzing is expanding its pulp production facilities with a major investment.
As part of its new corporate strategy sCore Ten, Lenzing is investing $110 million in its dissolving wood pulp production sites in Austria and the Czech Republic. The funding will be split to approximately $66 million for Lenzing and $44 million for Paskov, in order to modernize both facilities’ manufacturing equipment. New capacities of approximately 35,000 tons will also be added over the next 2.5 years.
“We aim to increase our own dissolving wood pulp production from currently 56 percent to 75 percent of the group’s requirements for the production of botanic cellulose fibers by the end of the decade,” Lenzing CEO Stefan Doboczky said. “The upgrade and expansion of our bio-refinery setup will underline Lenzing’s leadership as the most sustainable fiber producer.”
Read more at Sourcing Journal.