Continuing the policy of publishing the latest news from Lenzing, here's today's press release. Having "stuck to the knitting" they now make more rayon than Courtaulds ever did and the eye-watering expansion to 1.2 million tonnes capacity suggests that given similarly patient shareholders and management, even Courtaulds could have been making money now.
For the 14th time, the business daily WirtschaftsBlatt set out to identify the most successful companies in Austria together with the credit reference agency KSV1870 and PwC. Lenzing AG once again convinced the jury and won the Austrian ranking in the category “Big Player” for the second time. A firm’s good performance over a period of years and not short-term business results is what counts for the Austrian Leading Companies Award. The current analysis took account of the company’s performance in the years 2009-2011. The issue of sustainability also plays a major role in this competition.
Lenzing CEO Peter Untersperger is pleased with this award. “This victory again in the overall Austrian rankings impressively underlines the fact that Lenzing belongs to the premier league of Austrian companies”, he says. For years the Lenzing Group has achieved good results and also operates extremely successfully.
Viscose fibers are in vogue around the world, and demand is steadily rising. For this reason, the global market leader Lenzing is in the midst of a Group-wide expansion program which aims to almost double current fiber production capacity to 1.2 mn tons by 2015.
Key Figures Lenzing Group 2011:
Sales: EUR 2.14 bn
Export share: 91.5%
Fiber production: 705,100 tons
For more information please contact:
Head of Corporate Communications
Phone: +43 (0) 7672 701-2713