Lenzing AG finalizes acquisition of Biocel Paskov A.S.
The acquisition is an important strategic step towards the Group's longterm extension of its vertical backwards integration. The acquisition is part of a hedging strategy to protect Lenzing from the impact of high pulp price volatility. Pulp is the raw material used for the production of Lenzing viscose.
Lenzing intends to invest EUR 50 mill. in the site's capacity expansion over the next three years and to remodel Biocel Paskov into a swing capacity pulp factory. This will provide Lenzing with the ability to flexibly adjust to any given pulp market situation and to either produce dissolving pulp for its own fiber production or paper pulp for external customers.
About Lenzing AG
The Lenzing Group is an international group of companies with its headquarters in Austria, production sites in all major markets and a global network of sales and marketing offices. Lenzing provides the global textile and nonwovens industry with highquality cellulose fibers. The company is the leading supplier in many businesstobusiness markets - from cellulose fibers to special plastic polymer products.
Lenzing quality and Lenzing innovative power set standards for manmade cellulose fibers worldwide. Seventy years of fiber production expertise make us the only producer worldwide of all three manmade cellulose fiber generations, from classic viscose to modal and lyocell. Lenzing's unique combination of consistent customer orientation with leadership in quality, innovation and technology is the foundation of our success.
Lenzing is committed to the principles of sustainable management and very high environmental standards.
Lenzing's core business fibers and plastics are complemented by our activities in business field engineering.
Key Figures Lenzing Group 2009:
Sales: EUR 1.25 bill.
Export share: 88,4%
Fiber production: 568.576 tons Staff: 6,021