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Lenzing pulp buyout

7:06 AM MDT | October 15, 2012

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 Heinzel Group in April 2010. Lenzing has invested about €100 million ($130 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 says. The pulp will be used...

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