Cellulose fibres giant increases its stake in Swedish firm and plans to accelerate industrialisation of its technology
LENZING / STOCKHOLM – Lenzing has announced it is to acquire majority control of the Swedish fibre company TreeToTextile after increasing its stake in the cellulose technology specialist.
Founded in 2014, TreeToTextile is jointly owned by H&M, IKEA, pulp manufacturer Stora Enso and LSCS Invest.
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