EQS-News: Lenzing AG / Key word(s): Other Lenzing welcomes the entry of Suzano S/A June 12, 2024 / 09:45 CET/CEST The issuer/publisher is responsible for the content of the announcement. ════════════════════════════════════════ ══════════ ════════════════════════ Lenzing welcomes entry of Suzano S/A Lenzing – The Lenzing Group, a leading provider of regenerated cellulose fibers for the textile and nonwovens industries , today learned that Lenzing’s main shareholder, the B&C Group, and Brazilian pulp producer Suzano S/A, have signed a long-term partnership related to the majority stake in Lenzing. As part of this agreement, Suzano S/A will take over a 15 percent stake in Lenzing AG from the B&C Group. Suzano S/A is the world’s largest pulp producer based in Sao Paolo and recently achieved annual sales of the equivalent of more than EUR 7 billion. Lenzing’s management welcomes the proposed transaction and looks forward to working with another core shareholder. Stephan Sielaff, CEO of the Lenzing Group, says: “Lenzing and Suzano are two companies that have come to know and value each other in recent years as relevant players on the international pulp market. Based on her core competencies in the area of pulp production and operational excellence, Suzano can make a valuable contribution to the successful implementation of our strategy. For us, the constellation of the two strong core shareholders B&C Group and Suzano S/A is definitely a win.” Photo download: (1) https://mediadb.lenzing.com/pinaccess/showpin.do?pinCode=HAdarqwcP2a5
PIN: HAdarqwcP2a5 Your contact for public relations: Dominic Köfner Vice President Corporate Communications & Public Affairs Lenzing Aktiengesellschaft Werkstraße 2, 4860 Lenzing, Austria Telephone +43 7672 701 2743 Email (2)media@lenzing.com
Web (3) www.lenzing.com
About the Lenzing Group The Lenzing Group stands for ecologically responsible production of special fibers based on cellulose and recycled materials. With its innovative product and technology solutions, Lenzing is a partner of global textile and nonwovens manufacturers and a driver of numerous new developments. The Lenzing Group’s high-quality fibers are the starting material for a variety of textile applications – from functional, comfortable and fashionable clothing to long-lasting and sustainable home textiles. Due to their special properties and their botanical origin, the TÜV-certified biodegradable and compostable Lenzing fibers are also ideal for demanding use in everyday hygiene applications. The Lenzing Group’s business model goes far beyond that of a classic fiber manufacturer. Together with its customers and partners, it develops innovative products along the value chain that create added value for consumers. The Lenzing Group strives for efficient use and processing of all raw materials and offers solutions for transforming the textile industry from the current linear economic system to a circular economy. In order to reduce the rate of global warming and thereby support the goals of the Paris Agreement and the EU Commission’s Green Deal, Lenzing has a clear, science-based climate action plan that calls for a significant reduction in greenhouse gas emissions by 2030 and net zero -Target (Scope 1, 2 and 3) by 2050. Data and facts Lenzing Group 2023 Sales: EUR 2.52 billion Nominal capacity (fibers): 1,110,000 tons Employees (full-time equivalents): 7,917 TENCEL™, LENZING™ ECOVERO™, VEOCEL™, LENZING™ and REFIBRA™ are brands of Lenzing AG. ════════════════════════════════════════ ══════════ ════════════════════════ 06/12/2024 CET/CEST Publication of a corporate news/financial announcement, transmitted by EQS Group AG. www.eqs.com
════════════════════════════════════════ ══════════ ════════════════════════ Language: German Company: Lenzing AG 4860 Lenzing Austria Telephone: +43 7672-701-0 Fax: +43 7672-96301 Email: office@lenzing.com
Internet: www.lenzing.com
ISIN: AT0000644505 Indices: ATX Exchanges: Vienna Stock Exchange (official trading) EQS News ID: 1923251 End of message EQS News Service 1923251 June 12, 2024 CET/CEST References Visible links 1. https://eqs-cockpit.com/cgi-bin/fncls.ssp?fn=redirect&url=2d491bb3fa164c73d7ffe896d62b957b&application_id=1923251&site_id=apa_ots_austria~~~18b544d0-9c71-4160-bd95-cc8b9aff9fbf&application_name=news
2. media@lenzing.com
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