Lenzing solid in a historically difficult market environment-7

March 26, 2020

Based on the decision to build a dissolving wood pulp plant in Brazil with its partner Duratex, Lenzing will increase its self-supply by 500,000 tons annually, thus strongly enhancing backwards integration. 

The plant is expected to start operations in the first half of 2022. 

Lenzing and Duratex hold 51 percent and 49 percent, respectively, in the joint venture. 

Industrial CAPEX are expected to total roughly USD 1.3 bn (based on current exchange rates and customary tax refunds).

Reprint from: https://www.lenzing.com/newsroom/press-releases/press-release/lenzing-solid-in-a-historically-difficult-market-environment