The Lenzing Group
Lenzing Modal® celebrates 50th anniversary
- Successful Start-up of World’s Largest TENCEL® Production Plant in Lenzing
- Lenzing AG celebrates its 75th year in business
- June: Sale of Business Unit Plastics
- February: The market leader for Modal fibers presents the latest innovation:
Lenzing Modal® with Edelweiss Technology
- July: Construction Start of the New TENCEL® Production Facility
- October: Lenzing now owns 100% Stake in pulp producer Biocel Paskov
- November: Lenzing issues EUR 200 Mn German private placement (Schuldschein) with an interest rate of 2.55%
Successful start of the fifth line at Indonesian subsidiary SPV
- December: TENCEL® celebrates 20th anniversary
- 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
- June: 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
- March: 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
- July: Lenzing increases its share in the Indonesian subsidiary PT. South Pacific Viscose (SPV) to 91%.
- 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
- 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: The Lenzing Group announces construction of a new viscose fiber production plant in India, in cooperation with the Indian Modi Group
- January: Topping-out ceremony at the viscose fiber production plant in Nanjing (China).
- November: Delisting from German stock exchanges
- 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
- November: Start-up of the fiber processing unit at South Pacific Viscose (Indonesia)
- 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.
In November, Lenzing AG withdraws from US Minority Holding Lenzing Fibers Corporation
Lenzing AG sells its majority share in Lenzing Fibers Corporation (LFC), its US subsidiary. 39% of the LFC shares remain Lenzing AG's property.
After several years of a sophisticated and very successful trial operation, RVL GmbH (plant for residual materials) was issued the legally effective official permit for its permanent operation by the Federal Ministry of Agriculture and Forestry, Environment and Water Management.
- Bank Austria sells its Lenzing shares to CVC – the EU competition authorities, however, prohibit the sale.
- November: The B&C Group acquires Bank Austria's more than 75% shareholding in Lenzing.
Lenzing Plastics is divested to become an independent company.
Lenzing Technik becomes an independent company.
The lyocell plant at Heiligenkreuz/Burgenland goes into operation.
- The HPP business sector is sold to the Inspec Gruppe.
- Lenzing AG sells its share in "Austria Faserwerke" to the Hoechst Group
Construction work begins on the full-scale lyocell plant at Heiligenkreuz, Burgenland.
Bacell, Brazil, is founded.
Lenzing Fibers Corp. in Lowland, TN, is founded.
The Lyocell pilot plant goes into operation.
The waste-water treatment plant is taken into operation.
- 19 September: Lenzing shares are listed on the Vienna Stock Exchange for the first time
- Market launch of Modal micro fibers
The company's name is changed to "Lenzing AG".
start of production at P.T. South Pacific Viscose
The foundations are laid and construction begins at South Pacific Viscose in Indonesia.
An environmentally friendly bleaching method for pulp is launched.
Highly flame retardant viscose fibers can be manufactured by applying a special incorporation technology. The fibers are used for protective clothings and home textiles.
Environmental department is established
"Lenzinger Zellstoff- und Papierfabrik", a pulp and paper mill, is bought.
Market launch of Modal fibers
Chemicals from pulp production are recycled after the company switches from the calcium bisulphite method to the environmentally friendly magnesium bisulphite method.
The company's name is changed to "Chemiefaser Lenzing AG".
The plant's capacity amounts to about 60,000 tons per year.
"Zellwolle Lenzing AG" is founded. The production of pulp and viscose fibers begins.
Emil Hamburger, an industrialist, operates a paper mill at Lenzing.