EQS-News: Lenzing AG / Key word(s): Miscellaneous
Lenzing welcomes new core shareholder Suzano S/A
12.06.2024 / 09:45 CET/CEST
The issuer is solely responsible for the content of this announcement.
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Lenzing welcomes new core shareholder Suzano S/A
Lenzing – The Lenzing Group, a leading supplier of regenerated cellulose
fibers for the textile and nonwovens industries, learned today that
Lenzing’s main shareholder B&C Group and the Brazilian pulp producer
Suzano S/A have signed a long-term partnership in connection with the
majority stake in Lenzing. As part of this agreement, Suzano S/A will take
over a 15 percent stake in Lenzing AG from B&C Group. Suzano is the
world’s largest pulp producer based in Sao Paolo and recently achieved
annual sales of more than EUR 7 billion.
Lenzing’s management welcomes the proposed transaction and looks forward
working with another core shareholder.
Stephan Sielaff, Chief Executive Officer of the Lenzing Group, says:
“Lenzing and Suzano are two companies that have come to know and
appreciate each other in recent years as relevant players on the
international pulp market. Based on the 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:
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PIN: HAdarqwcP2a5
Your contact for
Public Relations:
Dominic Köfner
Vice President Corporate Communications & Public Affairs
Lenzing Aktiengesellschaft
Werkstraße 2, 4860 Lenzing, Austria
Phone +43 7672 701 2743
E-mail (2)media@lenzing.com
Web (3) www.lenzing.com
About the Lenzing Group
The Lenzing Group stands for eco-responsible production of specialty
fibers based on cellulose and recycled material. As an innovation leader,
Lenzing is a partner of global textile and nonwoven manufacturers and
drives many new technological developments. The Lenzing Group’s
high-quality fibers form the basis for a variety of textile applications
ranging from functional, comfortable and fashionable clothing to durable
and sustainable home textiles. Due to their special properties and their
botanical origin, the TÜV certified biodegradable and compostable Lenzing
fibers are also highly suitable for everyday hygiene products.
The business model of the Lenzing Group goes far beyond that of a
traditional fiber producer. Together with its customers and partners,
Lenzing develops innovative products along the value chain, creating added
value for consumers. The Lenzing Group strives for the efficient
utilization and processing of all raw materials and offers solutions to
help transform the textile industry from the current linear economic
system towards a circular economy. In order to reduce the speed of global
warming and thus also support the targets of the Paris Agreement and the
EU Commission’s “Green Deal”, Lenzing has developed a clear science-based
climate action plan that aims to significantly reduce greenhouse gas
emissions by 2030 and a net-zero goal (scope 1, 2 and 3) by 2050.
Key Facts & Figures Lenzing Group 2023
Revenue: EUR 2.52 bn
Nominal capacity: 1,110,000 tonnes
Employees (FTE): 7,917
TENCEL™, LENZING™ ECOVERO™, VEOCEL™, LENZING™ and REFIBRA™ are trademarks
of Lenzing AG.
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12.06.2024 CET/CEST This Corporate News was distributed by EQS Group AG.
www.eqs.com
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Language: English
Company: Lenzing AG
4860 Lenzing
Austria
Phone: +43 7672-701-0
Fax: +43 7672-96301
E-mail: office@lenzing.com
Internet: www.lenzing.com
ISIN: AT0000644505
Indices: ATX
Listed: Vienna Stock Exchange (Official Market)
EQS News ID: 1923251
End of News EQS News Service
1923251 12.06.2024 CET/CEST
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