EQS-News: Lenzing AG / Key word(s): Conference/Sustainability
Lenzing AG welcomes the European Commission’s Clean Industrial Deal
27.02.2025 / 09:00 CET/CEST
The issuer is solely responsible for the content of this announcement.
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Lenzing AG welcomes the European Commission’s Clean Industrial Deal
• 400 business leaders make an urgent appeal to heads of state and
government to implement the Clean Industrial Deal following a
high-level meeting with the Commission President
• Lenzing AG calls for swift action to ensure the competitiveness of
sustainable companies
• Antwerp Declaration as an urgent call to revitalize the European
industrial landscape
Lenzing/Antwerp – The Lenzing Group, a leading supplier of regenerated
cellulose fibers for the textile and nonwovens industries, welcomes the
European Commission’s Clean Industrial Deal, which aims to pave the way
for a sustainable, climate-neutral and competitive industry. Commission
President Ursula von der Leyen discussed the initiative on Wednesday,
February 26, 2025, together with 400 business leaders, including the CEO
of the Lenzing Group, Rohit Aggarwal, in Antwerp (Belgium). The industry
is calling on EU heads of state and government to take urgent measures in
all EU member states without delay ahead of the upcoming European Council
meeting in March.
“International trade tensions, volatile energy markets, and the need to
decarbonise industries demand urgent collective action. We must continue
to support Europe’s green leadership and ensure that those investing in
sustainability are incentivised. We must act now, work together and
translate ambition into tangible results”, emphasizes Rohit Aggarwal, CEO
of Lenzing Group. “The Clean Industrial Deal is an important initiative
for Europe’s industrial and sustainable future. It will strengthen
Europe’s net-zero industry, expand green technology manufacturing, and
enhance industrial competitiveness.”
One important aspect is access to affordable and clean energy, which is
crucial for the global position and competitiveness of the industry.
“We appreciate the Commission President taking the time to join us today
in Antwerp to present the Clean Industrial Deal. Nine out of ten calls of
the Antwerp Declaration have been addressed. We need to transform Europe’s
ambition ‘to be’, into a determination ‘to do’. Every day, Europe is
falling behind its goals, and is losing quality jobs for our current and
future generations of workers. In the turbulent times we are in we need
bold action from the European Leadership,” said Ilham Kadri, President of
the European Chemical Industry Council, Cefic.
Europe’s industries are facing historical challenges: declining demand,
stalled investments, reduced capacity, and EU gas prices at 4 to 5 times
higher than its competitors. Between 2023 and 2024, Europe’s manufacturing
output – a sector employing over 31 million people – dropped another 2.6
percent. While for the chemicals industry – the industry of industries –
Cefic’s recent study emphasised the severity, with over 11 million tons of
capacity announced to be closed between 2023 and 2024, affecting 21 major
sites.
To overcome these challenges, back in February 2024, 73 business leaders
presented the Antwerp Declaration to Commission President, Ursula von der
Leyen and former Belgian Prime Minister Alexander De Croo. The Antwerp
Declaration lays out 10 concrete actions to restore the business case for
investments, to implement Europe’s sustainability ambitions and safeguard
quality jobs in Europe. It is now signed by over 1,300 signatories.
“Reading the Clean Industrial Deal, we need the Commission to focus,
prioritise the three key actions that improve our situation already this
year and put all power, boldness and bravery in the European Commission
behind these. And give us a realistic planning for the remaining actions.
When we say actions, we mean action, not strategies, policies or plans.
Leave no stone unturned and break all taboos. We need the situation to
change.” Marco Mensink, Cefic Director General.
“Cefic calls on all new EU initiatives to be evaluated against the
following criteria: Do they keep Europe safe and independent, reduce
energy prices, ease the administrative burden on companies, attract
investments to Europe, create markets for sustainable products, and
safeguard quality jobs in Europe? If the answer to any of these questions
is no, EU policymakers should reconsider and revise the proposal
accordingly.”
The Antwerp Declaration remains an urgent call to revitalise Europe’s
industrial landscape. Europe’s industries stand ready to do their part and
continue supporting policymakers in building a competitive, resilient and
sustainable future in Europe amid shifting geopolitics.
Photo download:
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PIN: Gx1Uhbr5sFrQ
Your contact for
Public Relations:
Dominic Köfner
Vice President Corporate Communications, Public Affairs & Investor
Relations
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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27.02.2025 CET/CEST This Corporate News was distributed by EQS Group.
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: 2092405
End of News EQS News Service
2092405 27.02.2025 CET/CEST
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