Lenzing AG
- Founded in: 1938
- Number of employees: 6,839
- Country: Austria
- Website: lenzing.com
Which input provides your business model/core technology towards a bio-based economy?
Our technologies are working examples of a circular economy. We combine the biological cellulose cycle of our wood-based fibers with innovative technologies, which are characterized by recycling and high recovery rates. One of our recent product developments is the REFIBRA™ technology. This is a technology for the production of TENCEL™ Lyocell fibers, which is based, among other things, on cotton scraps left over from the production of cotton clothing.
Which market/clients do you address and which short-term/long-term goals do you have?
The Lenzing Group is very well positioned on the textile and nonwoven markets and addresses customers along the entire value chain. The sCore TEN long-term corporate strategy outlines the direction the Lenzing group wants to take together with its employees, suppliers, customers, partners and investors. The concept of sCore TEN is based on striving for innovation and above-average business success (SCORE), the strong core business with cellulose-based fibers from sustainable production as the driver of the development (CORE) and the focus on growth based on specialty fibers, above all TENCEL™ Lyocell fibers (TEN).
What makes your approach unique compared to other stakeholders in the field?
TENCEL™ Lyocell fibers with REFIBRA™ technology are the first cellulosic fiber that uses wood as well as recycled materials for pulp production. At present, an estimated 50 million tons of old clothing is disposed of each year. With REFIBRA™, Lenzing is supporting new solutions to introduce a circular economy in the fashion industry and underscoring its position as a sustainable producer.
You can meet Lenzing AG at EFIB in Brussels on 30 September – 2 October 2019.