Overview
Description
Lenzing AG is an Austria-based manufacturer specializing in wood-based specialty cellulose fibers derived from certified beech wood. The company produces high-performance fibers across three generations—lyocell, modal, and viscose—marketed under renowned brands like TENCEL™, LENZING™ ECOVERO™, VEOCEL™, and LENZING™, totaling around 960,000 tons annually and capturing 21% of the global wood-based cellulosic fiber market. These fibers serve diverse applications in textiles for apparel, upholstery, footwear, and flame-retardant clothing, as well as nonwovens for hygiene products, wound care, cleaning pads, and medical uses. Lenzing AG also operates a pulp division to produce dissolving pulp for internal fiber manufacturing and external sales, alongside engineering services. Founded from a pulp mill in 1892 and formally established in 1938, the company emphasizes sustainability through innovations like eco-friendly bleaching since 1977 and low-emission fibers, driving its 'Better Growth' strategy toward a circular economy in textiles and nonwovens. With global production sites including Indonesia and a focus on renewable energy, Lenzing AG plays a pivotal role in advancing environmentally responsible materials for fashion, hygiene, and industrial sectors worldwide.
About
CEO
Dr. Georg Kasperkovitz
Employees
7589
Address
Werkstrasse 2
11 Bermudiana Road
Lenzing, 4860, MI
Austria
11 Bermudiana Road
Lenzing, 4860, MI
Austria
Phone
43 7672 7010
Website
Instrument type
Common stock
Sector
Consumer Cyclical
Industry
Textile Manufacturing
Country
United Kingdom
MIC code
BCXE