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People & Business :: Companies

Lenzing acquires remaining 25% of Czech pulp manufacturer

October 3, 2012 | Sotirios Frantzanas

Lenzing says it now owns 100% of pulp producer Biocel Paskov (Paskov, Czech Republic), after acquiring the 25% it did not own from Heinzel Group (Vienna). The company acquired a 75% stake in Biocel Paskov from the Heinzel Group in April 2010.  Lenzing has invested about €100 million, since 2010, to restructure Biocel Paskov's facility, enabling it to become a "swing capacity" producer of pulp, the company says. Biocel Paskov will be able to produce paper and high-quality dissolving pulp by 2013, Lenzing...

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