LENZING – The upward momentum of speciality fibres business Lenzing was in further evidence this week as the company announced a €100m investment program, approximately €60m of it in Lenzing and almost €40m in Paskov. Lenzing CEO Stefan Doboczky said additional new capacities of around 35,000 tons will be added over the next two and a half years. The announcement follows on the back of Lenzing's recent launch of a new generation of Tencel fibres which will use cotton fabric waste as a key raw material, while a new generation of fully traceable viscose is also pencilled in for 2017.
