Thursday, December 20, 2012

Lenzing Lyocell Expands its Capacity (2000)

There is a growing demand worldwide for Lyocell fibers. In June 2000 the production capacity of the Lyocell plant at Heiligenkreuz was therefore expanded to 20,000 tonnes per year instead of the originally installed 12,000 tonnes per year. The company is already considering a further increase in capacity. As compared to the first semester 1999, the result of Lenzing Lyocell has clearly improved, but it is still negative. The combination of the successful implementation of our marketing strategy, the introduction of new products and the favorable market development should make it possible to achieve our earnings targets at a faster pace.

After a nearly two-year audit by the EU Commission, every single item of the whole package of grants to the Lyocell plant at Heiligenkreuz was approved as being in full conformity with EU competition rules.

No comments: