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Lenzing to Build $1.3 Billion Wood Pulp Plant in Brazil Joint Venture, Grabs Canopy Accolade

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The Lenzing Group, a Austria-based manufacturer of wood-based cellulosic fibers, and Duratex, a major producer of industrialized wood panels, will build a $1.3 billion, 500,000-ton dissolving wood pulp plant in the State of Minas Gerais, near Sao Paulo, Brazil. The startup is planned for the first half of 2022. Lenzing holds a 51 percent stake…

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