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Lenzing Invests €130 Million in New Tencel Fiber Plant in Austria

6:49 AM MDT | July 2, 2012 | Natasha Alperowicz

Lenzing said today that it is going ahead with previously announced plans to expand Tencel cellulose fiber capacity at Lenzing, Austria at a cost of €130 million ($163.7 million). The move follows completion of an environmental impact assessment process for the new plant. Nine months after the formal filing of the project, Lenzing was formally granted a legally binding building permit by the Office of the Provincial Government of Upper Austria. Construction work has commenced on the new production facility which will manufacture 67,000 m.t./year of Tencel...

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