Lenzing - Leading Fiber Innovation

The Lenzing Group

History

1892

Emil Hamburger, an industrialist, operates a paper mill at Lenzing.

1938

"Zellwolle Lenzing AG" is founded.  The production of pulp and viscose fibers begins.

1962

The company's name is changed to "Chemiefaser Lenzing AG".
The plant's capacity amounts to about 60,000 tons per year.

1963

Chemicals from pulp production are recycled after the company switches from the calcium bisulphite method to the environmentally friendly magnesium bisulphite method.

1964

Market launch of Modal fibers

1969

"Lenzinger Zellstoff- und Papierfabrik", a pulp and paper mill, is bought.

1975

Environmental department is established

1976

Highly flame retardant viscose fibers can be manufactured by applying a special incorporation technology. The fibers are used for protective clothings and home textiles.

1977

An environmentally friendly bleaching method for pulp is launched.

1980

The foundations are laid and construction begins at South Pacific Viscose in Indonesia.

1984

The company's name is changed to "Lenzing AG".

1985

• 19 September: Lenzing shares are listed on the Vienna Stock Exchange for the first time
• Market launch of Modal micro fibers

1987

The waste-water treatment plant is taken into operation.

1990

The Lyocell pilot plant goes into operation.

1992

Lenzing Fibers Corp. in Lowland, TN, is founded.

1994

Bacell, Brazil, is founded.

1995

Construction work begins on the full-scale lyocell plant at Heiligenkreuz, Burgenland.

1996

• The HPP business sector is sold to the Inspec Gruppe.
• Lenzing AG sells its share in "Austria Faserwerke" to the Hoechst Group

1997

The lyocell plant at Heiligenkreuz/Burgenland goes into operation.

1999

Lenzing Technik becomes an independent company.

2000

Lenzing Plastics is divested to become an independent company.

2001

Bank Austria sells its Lenzing shares to CVC – the EU competition authorities, however, prohibit the sale.

2002

Lenzing AG sells its majority share in Lenzing Fibers Corporation (LFC), its US subsidiary. 39% of the LFC shares remain Lenzing AG's property.

2003

In November, Lenzing AG withdraws from US Minority Holding Lenzing  Fibers Corporation

2004

• January: Capacity expansion program at the Lenzing site completed (90 EUR mill.)
• January: New global Business Unit organization
• March: Lenzing Fibers (Shanghai) Co. Ltd. – opening of new trading company
• May: Lenzing AG acquires Tencel Group of Companies. The seller is Corsadi BV,  part of the international financial group CVC. Tencel operates one large-scale lyocell plant in the USA (Mobile, Alabama) and another in the UK (Grimsby), with a total nominal capacity of about 80,000 tons per year.
• September: Lenzing Instruments (a former division of Lenzing Technik) join Textechno.

2005

• January: Lenzing builds viscose fiber production in China. The new production site, to be situated in an industrial park near the town of Nanjing in the south-east Jiangsu province, will have an annual capacity of about 60,000 tons of viscose staple fibers for textile and nonwoven applications.
• April: Tencel takeover receives cartel office approval
• September: Green light for processing of recycling material at the Lenzing site
• November: Start-up of the fiber processing unit at South Pacific Viscose (Indonesia)

2006

• January: Topping-out ceremony at the viscose fiber production plant in Nanjing (China).
• November: Delisting from German stock exchanges

2007

• January: Lenzing Plastics takes over German plastics producer Hahl Group GmbH.
• March: The Lenzing Group enters the production of future material carbon fibers.
• April: Successful production start-up at the new viscose fiber plant in Nanjing (China)
• April: Lenzing Plastics acquires German plastics producer Pedex.
• April: The Lenzing Group announces construction of a new viscose fiber production plant in India, in cooperation with the Indian Modi Group
• May: Lenzing Plastics buys US plastics producer Glassmaster

2008

• January: Lenzing Plastics acquires the German company Dolan GmbH
• February: Lenzing sells the majority of its shares in its Business Unit Paper
• May: Lenzing's Indonesian subsidiary PT. South Pacific Viscose celebrates its 25th anniversary
• October: Lenzing increases the production capacity of its Heiligenkreuz site
  The 10th anniversary of the RVL plant at Lenzing

2009

• July: Lenzing increases its share in PT. South Pacific Viscose

2010

• March: Lenzing starts a partnership with Humana People to People on a textile-powered development project
  Lenzing expands its sites in China and Lenzing
• April: Lenzing acquires the majority of shares in Czech pulp producer Biocel Paskov
  PT. South Pacific Viscose opens its fourth production line
• September: Lenzing issues a EUR 120 mill. bond

2011

• February: Lenzing sells plastics filaments business to consortium headed by Global Equity Partners
• April: Lenzing Share Traded on the Prime Market of the Vienna Stock Exchange as of April 18, 2011
• May: Lenzing launches “Re-IPO”: Capital increase and offering of existing shares by B & C
  Lenzing received two Stock Market Prizes in different categories
• June: Lenzing wins the Golden Pegasus Award – the most important business prize of the Province of Upper Austria
  Lenzing AG succesfully completes “Re-IPO” – Allocation at Offer Price of € 92 – Total Issue Volume of € 568 Million
• August: Lenzing Nanjing starts up new fiber production line - Lenzing capacity in China nearly doubled to 140,000 tons p.a.
• September: Capacity expansion completed at the Heiligenkreuz/Burgenland plant