Lenzing invests in new Tencel fiber plant in the USA
(Austria, December 23, 2016) The Lenzing Group aims to increase the share of specialty fibers as a percentage of revenue to 50% by 2020. The Supervisory Board of Lenzing AG approved the investment for a TENCEL® fiber plant in the USA.
Lenzing now plans to construct a state-of-the-art plant with a production capacity of 90,000 tons per year at its site in Mobile, Alabama. The new facility will be the largest Tencel fiber plant in the world, it will set a new milestone in the history of lyocell fibers. The investment volume will total $293 million (Euro 275 million). The new plant will utilize the latest technological standards and is scheduled to start in the 1Q 2019.
The Lenzing Group currently has a worldwide production capacity of 222,000 tons per year of Tencel fibers. The new plant in Mobile plus the already announced debottlenecking projects at the other Tencel fiber sites will increase the total Tencel fiber capacity by more than 50% by 2019. (Source: Lenzing)
Cover Image courtesy Lenzing
