Lenzing Group to acquire remaining 30% of Lenzing (Nanjing) Fibers

The Lenzing Group intends to acquire the remaining 30% of its Chinese subsidiary Lenzing (Nanjing) Fibers from state-owned joint venture partner NCFC. The closing of the transaction documents is expected for the end of October 2018.

“The purchase of the shares supports Lenzing's strategic growth as a producer of specialty fibres from the renewable raw material wood in China and worldwide.”innovationintextiles.com

• 2 sources
• innovationintextiles.comLenzing plans to acquire its Chinese operationInnovation in TextilesOct 24, 2018
• nonwovens-industry.comLenzing to Acquire Remaining Shares of its Chinese Operation - Nonwovens IndustrySaveOct 24, 2018

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