Lenzing news and archive

Circ announces first sourcing partnership with H&M

Circ, the only textile-to-textile recycler capable of taking polycotton blends and fully recovering both the polyester and the cellulose for reuse, is collaborating with the H&M Group. The move will see H&M incorporating Circ’s recycled fibres from polycotton textile waste into its product offerings for the first time. The first products will...

Fashion

Lenzing launches new fibre Tencel Lyocell-HV100

Austrian fibre specialist Lenzing is launching a new cellulose fibre. The fibre, named Tencel Lyocell-HV100, is a new innovation that features deliberate irregularities and is inspired by the textured aesthetic of natural fibres. Lenzing stated in a press release that this development was driven by market demand. The natural-looking, irregular...

Member

Business

Lenzing to cut approximately 600 jobs at its headquarters

Austrian fibre producer Lenzing AG has further intensified its cost-saving programme. The new measures will affect numerous jobs at the headquarters in Lenzing, Austria. “Approximately 300 jobs will be cut, particularly in the administrative sector, with 250 of these to be eliminated by the end of 2025. The aim is to make Lenzing's...

People

Lenzing extends Christian Skilich's mandate, appoints Mathias Breuer new CFO

The supervisory board of the Austrian cellulose fibre producer Lenzing AG has extended the mandate of management board member Christian Skilich prematurely by a further three years until May 2029. Skilich, who has been a member of the management board of Lenzing AG since June 2020, as chief pulp and chief technology officer, is responsible for...

Member

Business

Lenzing reports revenue growth and profitability in H1 2025

Austrian fibre producer Lenzing AG achieved revenue growth in the first half of the 2025 financial year. Thanks to successful reforms, the company has returned to profitability. Recently, however, Lenzing AG has felt the effects of the increasingly difficult economic climate. "In the second quarter, however, international customs measures and...

People

Lenzing appoints Georg Kasperkovitz as chief operations officer

Austrian fibre manufacturer Lenzing AG will once again have a four-member executive board. On Monday, the group announced the appointment of Georg Kasperkovitz as chief operating officer (COO). The 58-year-old took up his new position on June 1, and subsequently, together with CEO Rohit Aggarwal, CFO Nico Reiner and Christian Skilich (chief pulp...

Member

Business

New loan agreement: Lenzing secures 545 million euros

Austrian fibre manufacturer Lenzing AG has strengthened its financial base. On Thursday, the group announced that it had agreed to new financing through a syndicated loan of 545 million euros. Lenzing stated that this move would strengthen “the company's liquidity reserve with regard to upcoming refinancing”. According to the company, the new...

Member

Business

Lenzing back in the black in first quarter

Austrian fibre manufacturer Lenzing AG started fiscal year 2025 with increased sales, despite difficult market conditions. The company also benefited in the first quarter from the effects of its extensive cost-cutting measures and was able to return to profitability. According to a statement released on Thursday, group sales for the period from...

People

Lenzing Group announces departure of chief transformation officer

The Lenzing Group, provider of regenerated cellulose fibres, has announced that Dr. Walter Bickel, chief transformation officer, will step down from his role at the end of March 2025. Bickel’s departure comes as part of a mutual agreement with the company’s supervisory board. Bickel joined Lenzing’s managing board on April 15, 2024, with the...

Member

Business

Lenzing sustainability report 2024: net zero goal is inching closer

Austrian cellulose fibre producer Lenzing Group has published its 2024 annual report alongside its sustainability report, the latter for the first time in accordance with the European Sustainability Reporting Standards (ESRS). Accordingly, Lenzing has updated its climate targets in 2024 to align its commitment to climate protection with the...

Member

Business

Lenzing Group recovers in 2024, result remains negative

Austrian firm Lenzing Group, a manufacturer of regenerated cellulose fibers such as Tencel, increased its sales in the 2024 financial year by 5.7 percent compared to the previous year to 2.66 billion euros. The company attributes this increase primarily to higher fibre sales, which rose by 10 percent. At the same time, however, price levels...

Member

Business

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...