Financial Results

Lenzing Group Revises EBITDA Downwards For 2023

Textile Insights September 15, 2023

Manufacturer of sustainable cellulose fibres Lenzing Group has revised downwards its EBITDA for the current financial year. The Austrian company attributed the revision to continued weak development of markets relevant to Lenzing, coupled with very cautious market expectations in 2023. “Taking

Fibre

Lenzing Shows New Sustainable Fibre At Intertextile Shanghai

Textile Insights August 29, 2023

Lenzing, a producer of cellulose fibres has unveiled Lenzing Ecovero with Refibra technology at this Intertextile Shanghai Apparel being held in Shanghai. Building on the success of Tencel Lyocell fibres with Refibra technology, the expansion of the Refibra technology to Lenzing Ecovero will help the company increase the overall post-consumer content in its products. “The

Fibre

Lenzing Group Bags Platinum Status In EcoVadis CSR Rating

Textile Insights August 8, 2023

Producer of specialty fibres for the textile and nonwoven industries, Lenzing Group has bagged the platinum status in the EcoVadis CSR rating and puts Lenzing in the top one percent of global companies rated by EcoVadis. The rating comprehensively covers the four most important practices in the area of corporate social responsibility: environment, fair working […]

Financial Results

Cellulose Fibre Maker Lenzing Group H1 Sales Slip 3.4%

Textile Insights August 3, 2023

In the first six months of 2023, sales at cellulose fibre producer Lenzing Group slipped 3.4 percent year on year to €1.25 billion, mainly due to lower fibre revenues, although pulp revenues were up. EBITDA in the first half of 2023 declined significantly by 27.7 percent from a year ago period to €136.5 million. Lenzing […]

Corporates

U.S. Cotton Trust Protocol Appoints Daren Abney As Executive Director

Textile Insights July 29, 2023

The U.S. Cotton Trust Protocol announced the appointment of Daren Abney as Executive Director. A sustainability veteran, Abney brings 15 years of international experience garnered in organizations across the apparel and fashion industry such as Better Cotton, Textile Exchange, and most recently Lenzing Group. As Executive Director, Abney will guide the strategic vision and