Lenzing AG

Lenzing has started construction on a lyocell plant in Prachinburi, Thailand, with an initial capacity of 100,000 tons per year and an investment of €400 million. The plant is scheduled to be complete in Q3 2021.

Lenzing plans to invest over €1 billion to build a new lyocell fiber factory in Thailand, with the first phase of 100,000 tons annual capacity approved at a cost of about €400 million. Construction will begin in autumn 2019 and operations are expected by the end of 2021.

Lenzing Group approved the construction of a state-of-the-art lyocell fiber production plant in Prachinburi, Thailand, with a capacity of 100,000 tons and an investment of approximately €400 million. Construction will start in fall 2019, with production commencing towards the end of 2021.

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.

Lenzing Group invested EUR 26 million to develop and commission a pilot facility for LENZING Web Technology, a new platform that produces nonwoven fabric from 100% continuous lyocell filament. The pilot line is located at the company's headquarters in Lenzing, Austria.

Lenzing Group is investing $293 million to open a second U.S. plant near its existing facility in Axis, Alabama. The new operation is scheduled for completion in 2019 and is expected to create 163 new jobs to increase production of TENCEL-branded lyocell fibers.

GATX received an order from Lenzing AG for 22 custom Snps freight cars for round timber transport, to be used for 10 years.

Lenzing Group started a capacity expansion for TENCEL specialty fibers at its Heiligenkreuz site, investing about EUR 70 million to increase annual production by 25,000 tons. The fibers will be available from the end of Q1 2018.

Lenzing AG announced a $293 million investment to expand its Alabama fibers plant in Axis, Alabama, adding a second Lyocell manufacturing facility. The expansion will create 163 new jobs and more than double Tencel production capacity to 140,000 tons annually, with the new facility expected to begin production in 2019.

Lenzing AG approved a €275 million investment to build a state-of-the-art lyocell fiber plant in Mobile, Alabama, with a capacity of 90,000 tons per year. Operations are scheduled to start in Q1 2019.