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Lenzing to Invest $1 Billion to Expand Lyocell Fiber Production

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The Lenzing Group will invest more than 1 billion euros ($1.14 billion) to substantially increase production of lyocell fibers over the next few years. The expansion aims to deliver on strong demand for lyocell and strengthen Austria-based cellulosic fiber manufacturer and marketer’s  position as a market leader in specialty fibers. The first expansion phase of…

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