Tuesday, March 28, 2017 11:15 am

AUSTRIA (News Release) -- The Lenzing Group announced that it is expanding production capacities for its specialty fiber TENCEL® at its site in Heiligenkreuz, Austria.

Annual production capacities for fibers will be increased by about 25,000 tons as a result of the investment. The fibers will be available to customers starting at the end of the 1Q 2018.

"We will invest about Euro 70 million over the coming twelve-month period to expand production capacities for our high-quality botanic specialty fibers", Lenzing CEO Stefan Doboczky says. "With this investment we are responding to strong global demand for new types of TENCEL® premium fibers such as the Refibra™ fiber, using cotton scraps from the manufacturing of cotton garments and wood as raw materials. This fiber makes a widely-recognized contribution to the circular economy in the textile industry. The fiber was very successfully launched on the market in February by our strategic partner Inditex in its Zara stores", he adds.