Lenzing
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Giant US$1 billion pulp mill to be build in Brazil by Lenzing and Duratex
Lenzing, the Austrian cellulose fibres producer, and Duratex, the Brazilian wood panels maker, announced plan to build a dissolving wood pulp plant in Brazil. Investment raises up to $1 billion. According to Reuters, Lenzing specialises in fibres made from wood and pulp, meeting increasing demand from the fashion industry for alternative textiles to cotton. It will hold 51 percent in a venture with Duratex that will operate the mill in the state of Minas Gerais, close to Sao Paulo. Lenzing is currently developing a strategy of expanding its international footprint and moving its cost base closer to where it makes revenues and this plan comes in the hand with the decision for the new Brazilian plant. “We make a substantial contribution to the strategic goals of Lenzing, not only growing the company but also growing its EBITDA (core earnings),” Chief Executive Stefan... Continue reading
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June 25, 2018
Giant US$1 billion pulp mill to be build in Brazil by Lenzing and Duratex
Lenzing, the Austrian cellulose fibres producer, and Duratex, the Brazilian wood panels maker, announced plan to build a dissolving wood pulp plant in Brazil. Investment raises up to $1 billion. According to Reuters, Lenzing specialises in fibres made from wood and pulp, meeting increasing demand from the fashion industry for alternative textiles to cotton. It will hold 51 percent in a venture with Duratex that will operate the mill in the state of Minas Gerais, close to Sao Paulo. Lenzing is currently developing a strategy of expanding its international footprint and moving its cost base closer to where it makes revenues and this plan comes in the hand with the decision for the new Brazilian plant. “We make a substantial contribution to the strategic goals of Lenzing, not only growing the company but also growing its EBITDA (core earnings),” Chief Executive Stefan... Continue reading
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June 25, 2018
Giant US$1 billion pulp mill to be build in Brazil by Lenzing and Duratex
Lenzing, the Austrian cellulose fibres producer, and Duratex, the Brazilian wood panels maker, announced plan to build a dissolving wood pulp plant in Brazil. Investment raises up to $1 billion. According to Reuters, Lenzing specialises in fibres made from wood and pulp, meeting increasing demand from the fashion industry for alternative textiles to cotton. It will hold 51 percent in a venture with Duratex that will operate the mill in the state of Minas Gerais, close to Sao Paulo. Lenzing is currently developing a strategy of expanding its international footprint and moving its cost base closer to where it makes revenues and this plan comes in the hand with the decision for the new Brazilian plant. “We make a substantial contribution to the strategic goals of Lenzing, not only growing the company but also growing its EBITDA (core earnings),” Chief Executive Stefan... Continue reading
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Giant US$1 billion pulp mill to be build in Brazil by Lenzing and Duratex
Lenzing, the Austrian cellulose fibres producer, and Duratex, the Brazilian wood panels maker, announced plan to build a dissolving wood pulp plant in Brazil. Investment raises up to $1 billion. According to Reuters, Lenzing specialises in fibres made from wood and pulp, meeting increasing demand from the fashion industry for alternative textiles to cotton. It will hold 51 percent in a venture with Duratex that will operate the mill in the state of Minas Gerais, close to Sao Paulo. Lenzing is currently developing a strategy of expanding its international footprint and moving its cost base closer to where it makes revenues and this plan comes in the hand with the decision for the new Brazilian plant. “We make a substantial contribution to the strategic goals of Lenzing, not only growing the company but also growing its EBITDA (core earnings),” Chief Executive Stefan... Continue reading