Lenzing news and archive

Lenzing acquires majority stake in TreeToTextile

Austrian fibre manufacturer Lenzing AG (Lenzing) is set to acquire a majority stake in the Swedish company TreeToTextile AB. In a statement, the group described the planned acquisition as a “further strategic milestone”. The company, founded in 2014, represents “the next major technological breakthrough in cellulosic fibre production”. Lenzing...

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Lenzing facing leadership change: CEO Rohit Aggarwal announces resignation

Austrian fibre producer Lenzing AG must plan without CEO Rohit Aggarwal. On Tuesday, the company announced that the chief executive will step down from his position on January 31, 2026. The decision was made "for personal reasons," according to a statement. Aggarwal had risen to the helm of the company at the beginning of September last year as...

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Synthetic viscose fiber market to reach 37.4 billion dollars amid sustainability push

The global synthetic viscose fiber market is projected to expand significantly over the next decade, according to a new report from Allied Market Research (AMR). The market, valued at 19 billion dollars in 2024, is forecast to reach 37.4 billion dollars by 2034, registering a compound annual growth rate (CAGR) of seven percent. This growth is...

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Lenzing reports resilient performance in first nine months of 2025

Lenzing AG recorded a resilient performance in the first nine months of 2025, marked by a modest 0.7 percent rise in revenue to 1.97 billion euros and a 29.1 percent surge in EBITDA to 340.4 million euros, driven partly by the sale of surplus emission allowances. This strong profitability was achieved despite a volatile third quarter impacted by...

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Circ announces first sourcing partnership with H&M

Circ, the only textile-to-textile recycler capable of taking polycotton blends and fully recovering both the polyester and the cellulose for reuse, is collaborating with the H&M Group. The move will see H&M incorporating Circ’s recycled fibres from polycotton textile waste into its product offerings for the first time. The first products will...

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Lenzing launches new fibre Tencel Lyocell-HV100

Austrian fibre specialist Lenzing is launching a new cellulose fibre. The fibre, named Tencel Lyocell-HV100, is a new innovation that features deliberate irregularities and is inspired by the textured aesthetic of natural fibres. Lenzing stated in a press release that this development was driven by market demand. The natural-looking, irregular...

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Lenzing to cut approximately 600 jobs at its headquarters

Austrian fibre producer Lenzing AG has further intensified its cost-saving programme. The new measures will affect numerous jobs at the headquarters in Lenzing, Austria. “Approximately 300 jobs will be cut, particularly in the administrative sector, with 250 of these to be eliminated by the end of 2025. The aim is to make Lenzing's...

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Lenzing extends Christian Skilich's mandate, appoints Mathias Breuer new CFO

The supervisory board of the Austrian cellulose fibre producer Lenzing AG has extended the mandate of management board member Christian Skilich prematurely by a further three years until May 2029. Skilich, who has been a member of the management board of Lenzing AG since June 2020, as chief pulp and chief technology officer, is responsible for...

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Lenzing reports revenue growth and profitability in H1 2025

Austrian fibre producer Lenzing AG achieved revenue growth in the first half of the 2025 financial year. Thanks to successful reforms, the company has returned to profitability. Recently, however, Lenzing AG has felt the effects of the increasingly difficult economic climate. "In the second quarter, however, international customs measures and...

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Lenzing appoints Georg Kasperkovitz as chief operations officer

Austrian fibre manufacturer Lenzing AG will once again have a four-member executive board. On Monday, the group announced the appointment of Georg Kasperkovitz as chief operating officer (COO). The 58-year-old took up his new position on June 1, and subsequently, together with CEO Rohit Aggarwal, CFO Nico Reiner and Christian Skilich (chief pulp...

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New loan agreement: Lenzing secures 545 million euros

Austrian fibre manufacturer Lenzing AG has strengthened its financial base. On Thursday, the group announced that it had agreed to new financing through a syndicated loan of 545 million euros. Lenzing stated that this move would strengthen “the company's liquidity reserve with regard to upcoming refinancing”. According to the company, the new...

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Lenzing back in the black in first quarter

Austrian fibre manufacturer Lenzing AG started fiscal year 2025 with increased sales, despite difficult market conditions. The company also benefited in the first quarter from the effects of its extensive cost-cutting measures and was able to return to profitability. According to a statement released on Thursday, group sales for the period from...