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Lenzing’s LD Celulose Brazilian Joint Venture Gets $1.1B Investment

Join us on January 26 at 11 am ET for a webinar with Lenzing, TextileGenesis and sustainable brand ArmedAngels for a discussion on how they’re using Fibercoin technology to realize traceability’s benefits to sustainability, brand loyalty and risk mitigation.

LD Celulose, Lenzing’s joint venture with Duratex to build one of the largest dissolving wood pulp plants in the world, in Minas Gerais, Brazil, has received $1.1 billion in financing from IFC, a member of the World Bank Group, and IDB Invest. LD Celulose was formed between the Austrian fiber company Lenzing and the Brazilian…

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