EQS-News: Lenzing AG / Key word(s): Sustainability/Strategic Company
Decision
Lenzing AG: Lenzing looks to the future with green energy in Indonesia

23.08.2022 / 09:46 CET/CEST
The issuer is solely responsible for the content of this announcement.

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Lenzing looks to the future with green energy in Indonesia

• Recent transition to green electricity will significantly reduce
annual carbon emissions
• Milestone in the transformation of production capacities to LENZING™
ECOVERO™ and VEOCEL™ branded specialty viscose

Purwakarta – The Lenzing Group, a world-leading provider of wood-based
specialty fibers, is expanding its global clean electricity portfolio and
transitioning its production site in Purwakarta to green electricity. The
Indonesian subsidiary PT. South Pacific Viscose (SPV) has been using
electricity generated solely from renewable sources since July this year,
which will reduce its specific carbon emissions by 75,000 tonnes annually.

In 2019, Lenzing became the first fiber producer to set a target of
halving its carbon emissions by 2030 and becoming climate neutral by 2050.
This carbon reduction target has been recognized by the Science Based
Targets Initiative. In Purwakarta, Lenzing is currently investing in the
reduction of carbon emissions, as well as air and water emissions. Thanks
to its EUR 100 million investment in this area, Lenzing is gradually
transitioning its existing capacities for standard viscose to LENZING™
ECOVERO™ and VEOCEL™ branded specialty viscose.

“Demand for our wood-based, biodegradable specialty fibers is constantly
rising. We see enormous growth potential, especially in Asia. The switch
to green, renewable electricity marks a huge step forward in converting
our Indonesian site into a specialty fiber supplier. This makes us better
positioned to meet the growing demand for sustainably produced fibers,”
comments Robert van de Kerkhof, Chief Commercial Officer for Fiber at
Lenzing.

Boosting growth in specialty fibers

Man-made climate change is one of the most pressing problems of our time.
The fashion industry has an extremely negative impact on the environment
due to its fast fashion business model and the growing consumption of
fossil resources in textile production. LENZING™ ECOVERO™ viscose fibers
(for textiles) and specialty viscose fibers under the VEOCEL™ brand with
Eco Care technology (for nonwovens) generate 50 percent lower greenhouse
gas emissions and water pollution compared to standard viscose.[1]^[1]

Specialty fibers are Lenzing’s key strength. The company aims to generate
more than 75 percent of its fiber revenue from the wood-based,
biodegradable specialty fibers business under the TENCEL™, LENZING™
ECOVERO™ and VEOCEL™ brands by 2024. With the launch of the lyocell plant
in Thailand in March 2022 and the investments in existing production sites
in Indonesia and China, the share of specialty fibers in Lenzing’s fiber
revenue is set to exceed the 75 percent target by a significant margin as
early as 2023.
 

Photo download:

[2] https://mediadb.lenzing.com/pinaccess/showpin.do?pinCode=fFjhPvwkG3Ti
PIN: fFjhPvwkG3Ti
 

Your contact for  
Public Relations:  
   
Dominic Köfner Daniel Winkelmeier
Vice President Corporate Communications & Communications Manager
Public Affairs Lenzing Aktiengesellschaft
Lenzing Aktiengesellschaft Werkstraße 2, 4860 Lenzing,
Werkstraße 2, 4860 Lenzing, Austria Austria
   
Phone    +43 7672 701 2743 Telefon   +43 7672 701 2871
E-mail    [3]media@lenzing.com E-mail     [5]media@lenzing.com
Web       [4] www.lenzing.com Web        [6] www.lenzing.com
   
   

 

About the Lenzing Group
 
The Lenzing Group stands for ecologically responsible production of
specialty fibers made from the renewable raw material wood. As an
innovation leader, Lenzing is a partner of global textile and nonwoven
manufacturers and drives many new technological developments.
 
The Lenzing Group’s high-quality fibers form the basis for a variety of
textile applications ranging from elegant clothing to versatile denims and
high-performance sports clothing. Due to their consistent high quality,
their biodegradability and compostability Lenzing fibers are also highly
suitable for hygiene products and agricultural applications.
 
The business model of the Lenzing Group goes far beyond that of a
traditional fiber producer. Together with its customers and partners,
Lenzing develops innovative products along the value chain, creating added
value for consumers. The Lenzing Group strives for the efficient
utilization and processing of all raw materials and offers solutions to
help redirect the textile sector towards a closed-loop economy. In order
to reduce the speed of global warming and to accomplish the targets of the
Paris Climate Agreement and the “Green Deal” of the EU Commission, Lenzing
has a clear vision: namely to make a zero-carbon future come true.
 
Key Facts & Figures Lenzing Group 2021
Revenue: EUR 2.19 bn
Nominal capacity: 1,145,000 tonnes
Number of employees (headcount): 7,958
 
TENCEL™, VEOCEL™, LENZING™, REFIBRA™, ECOVERO™, LENZING MODAL™, LENZING
VISCOSE™, MICROMODAL™ and PROMODAL™ are trademarks of Lenzing AG.

   

[7]^[1] Higg MSI: This figure was calculated using the Higg Material
Sustainability Index (Higg MSI) tools of The Sustainable Apparel
Coalition. The Higg MSI tools assess the impact of materials according to
the cradle to gate method for finished material (e.g. material that is
ready to be integrated into a product). However, the results only reflect
the impact of manufacturing up to fiber production.

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23.08.2022 CET/CEST This Corporate News was distributed by EQS Group AG.
www.eqs.com

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Language: English
Company: Lenzing AG
4860 Lenzing
Austria
Phone: +43 7672-701-0
Fax: +43 7672-96301
E-mail: office@lenzing.com
Internet: www.lenzing.com
ISIN: AT0000644505
Indices: ATX
Listed: Vienna Stock Exchange (Official Market)
EQS News ID: 1425935

 
End of News EQS News Service

1425935  23.08.2022 CET/CEST

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