Lenzing AG: Lenzing successfully completing the conversion and upgrade of its Indonesian site
Jul 17, 2023
EQS-News: Lenzing AG / Key word(s): SustainabilityLenzing AG: Lenzing successfully completing the conversion and upgrade of its Indonesian site 31.08.2023 / 09:00 CET/CESTThe issuer is solely responsible for the content of this announcement.
Lenzing successfully completing the conversion and upgrade of its Indonesian site
Purwakarta – The Lenzing Group, a world-leading provider of specialty fibers for the textile and nonwoven industries, has made significant technical improvements to its Purwakarta site (PT. South Pacific Viscose). Lenzing has invested more than EUR 100 million since 2021 to convert existing production capacity to specialty viscose. With the imminent completion of the investment, Lenzing is in a better position to serve the strongly growing demand for specialty fibers.
Lenzing is striving for certification according to the standard of the internationally recognized EU Ecolabel. The product portfolio would thus include LENZING™ ECOVERO™ branded fibers for textiles and VEOCEL™ branded fibers for nonwoven applications. In the course of these substantial investments, Lenzing has set the goal of significantly reducing emissions at the site. Moreover, the site started to obtain renewable grid electricity and promotes a changeover to biomass in line with Lenzing's goals of reducing carbon emissions per ton of product by 50 percent by 2030 and achieving carbon-neutral production by 2050.
“Demand for specialty fibers with low environmental impacts continues to grow structurally. We see enormous growth potential in Asia in particular. Through our investments in Indonesia and also at other Lenzing sites worldwide, we are in a better position to serve this growing demand. At the same time, we continue working tirelessly to make the industries in which we operate even more sustainable and to drive the transformation of the textile business model from linear to circular,” says Stephan Sielaff, Chief Executive Officer of the Lenzing Group.
Boosting growth in specialty fibers
Anthropogenic climate change is one of the most pressing problems of our time, with both the global textile and the nonwoven industry being among the major contributors. LENZING™ ECOVERO™ viscose fibers (for textiles) and VEOCEL™ specialty viscose (for nonwovens) demonstrably cause significantly less greenhouse gas emissions and water pollution than generic viscose.
 The EU Ecolabel is recognized in all member states of the European Union, as well as Norway, Liechtenstein and Iceland. The voluntary label, introduced by an EU regulation in 1992 (Regulation EEC 880/92), has gradually become a reference point for consumers who want to help reduce pollution by purchasing more environmentally-friendly products and services.
31.08.2023 CET/CEST This Corporate News was distributed by EQS Group AG. www.eqs.com
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