Lenzing news and archive

Lenzing revenues improve by 5 percent

The Lenzing Group revenue grew by 5 percent to 2 billion euros in the first three quarters of 2024 reflecting higher revenue from fibres, up 10.9 percent. The company expects that its performance program will make a greater contribution to further improving earnings in the coming quarters. The company confirms its guidance for the 2024 financial...

Business

Lenzing snaps up minority share in cellulosic fibre producer TreeToTextile

Cellulose fibre supplier Lenzing Group has acquired a minority share in producer TreeToTextile AB. It joins the likes of existing shareholders H&M Group, Inter Ikea Group and Stora Enso to back the Swedish firm. Like Lenzing, TreeToTextile’s interests also lie in the production of cellulosic fibre, with the company having been initially...

Business

CNMI reveals winners of Sustainable Fashion Awards 2024

The Camera Nazionale della Moda Italiana (CNMI) hosted its annual Sustainable Fashion Awards ceremony last night at Italy’s Teatro alla Scala, where 10 awards were presented to recipients recognised for their commitment to craftsmanship, the circular economy and innovation, among other qualities. The event, which was hosted in collaboration with...

Business

Lenzing unveils Tencel brand refresh

Cellulose fibre supplier The Lenzing Group has unveiled an identity refresh for its flagship textile brand Tencel, which will be adopting the renewed theme ‘Nature. Future. Us.’ in what looks to be an embodiment of its wider ethos. With the brand refresh also comes a strategic repositioning that Tencel hopes will help it navigate the evolving...

People

Change of leadership at Lenzing: CEO Stephan Sielaff leaves at the end of August

The Austrian fiber producer Lenzing AG will implement the management change announced in June at the end of the month. On Wednesday, the group announced that CEO Stephan Sielaff will "leave Lenzing AG by mutual agreement with the Supervisory Board at the end of August 2024." Rohit Aggarwal will then take over the CEO position on September 1....

BusinessFeatured

Lenzing H1 revenues increase, cuts losses

The Lenzing Group revenue in the first half period grew by 4.8 percent to 1.31 billion euros due to higher revenue from fibres, up 9.3 percent. The company also announced that Rohit Aggarwal will replace Stephan Sielaff as CEO at the end of March 2025. “The Lenzing Group’s business performance continues to point in the right direction, even...

Business

Lenzing to support EU-funded project aiming to reform textile industry

Regenerated cellulose fibre producer Lenzing Group has joined non-profit RTDS Group and 13 other industry partners to promote the scaling of lyocell filaments as part of the Cellfil project, an initiative co-founded by the EU with the goal of driving the reformation of the textile industry towards a circular economy. Lenzing will take the...

People

Rohit Aggarwal named new member of board for Lenzing Group and designated CEO

Lenzing - The Supervisory Board of Lenzing Group, a leading supplier of regenerated cellulose fibers for the textile and nonwovens industries, has appointed Rohit Aggarwal as a new member of the Management Board of Lenzing Group. He will assume responsibility for the fiber division during the third quarter. After the departure of Stephan...

Fashion

Diane von Furstenberg and Lenzing join forces to bring more sustainable fashion to the fore

Austrian fibre producer Lenzing has announced a global collaboration with luxury fashion brand Diane von Furstenberg (DVF). The brand will use Lenzing fibres from sustainably managed wood sources such as Tencel and Lenzing Ecovero for its flagship collection, bringing them into mainstream fashion. “We are delighted to collaborate with DVF to...

Business

Suzano acquires 15 percent stake in Lenzing for 230 million euros

Suzano has announced that the company will acquire a 15 percent stake in Lenzing from B&C Group and the two shareholders will form a long-term syndicate which will hold the majority 52.25 percent stake in the company. After the closing of the transaction, B&C will hold a 37.25 percent stake in Lenzing and keep the role as controlling member of...

Business

Lenzing receives Vienna Stock Exchange VÖNIX Sustainability Award

The Lenzing Group received the Austrian sustainability award for top listed companies, the Vienna Stock Exchange VÖNIX Sustainability Award, taking the first place in the 'Industrials' category. The award honours those companies that stand out on the capital market with their outstanding sustainability performance. According to the VBV (Austrian...

Business

Lenzing's Q1 revenues improve by 5.7 percent

The Lenzing Group’s revenue rose by 5.7 percent to 658.4 million euros in the first quarter of 2024 driven by higher fibre sales volumes. The company said in a release that EBITDA for the quarter more than doubled to 71.4 million euros, while EBIT was slightly positive at 1.5 million euros compared with minus 41.4 million euros in the first...