for the year 2008
At today’s Supervisory Board meeting of Lenzing AG Mr Peter Untersperger was appointed Chairman of the Board as per 1 January 2009.
Peter Untersperger proposed to become new chairman of the management board, Fritz Weninger to become new member of the board
The supervisory board of Lenzing AG today announced that they will propose Peter Untersperger as their new chairman as of 1 January 2009 to the company's management board. Peter Untersperger currently is head of finance and will succeed Thomas Fahnemann, who is to join RHI AG.
The Lenzing Group further enhanced its position as the world market leader in cellulose fibers in the first nine months of 2008 despite the dramatic unfolding of the financial market crisis and difficult global economic conditions.
Chairman of the management board Thomas Fahnemann to leave company and to assume chairmanship of the management board of RHI AG.
Thomas Fahnemann, chairman of the management board of Lenzing AG since May 2003, has asked the chairman of the company’s supervisory board for his pre-term release from his position, in order to be able to assume the chairmanship of the management board of RHI AG.
The Lenzing Group successfully completed a comprehensive extension program at its Heiligenkreuz site in Austria and started production on schedule.
47th Man-made Fibers Congress in Dornbirn/Austria, 17 – 19 September 2008 - Communicating the Textile Future
Record Number of Participants Continuing in 2008
Main Topic Sustainability Found in Many of the 120 Lectures
Further Internationalisation thru Cooperation
Preview Congress Themes 2009
Designers at the ECO Textile AWARD 08 / Lenzing Botanic – Austria’s first eco-fashion design competition opted for TENCEL®, Lenzing’s lyocell fiber made from the renewable natural raw material wood. On September 5, Karin Maislinger won the first prize for her designer piece ”Brimstone Butterfly “ – convincing couture in eco-quality.
All essential corporate key data improved – perceptible weakening of the fiber business
The business development of the Lenzing Group in the first six months of 2008 was again gratifying. Lenzing was able to carry the good market situation of business year 2007 over into the first six months of 2008, despite signs of a slowing fiber business.
Cooperation on the development of Lyocell-based nonwoven fabrics
Lenzing, the world market leader in cellulose staple fibers, and Weyerhaeuser, one of the world’s largest forest products companies, will work together on the development of novel lyocell-based nonwoven fabrics. A Memorandum of Understanding was signed on 15 July 2008.
New chairman of the supervisory board Hermann Bell
The General Shareholders' Meeting of Lenzing AG approved a dividend of EUR 14.00 per share for business year 2007 (2006: EUR 10.00). Dividend value date was set for 20 June 2008 and ex-dividend day for 16 June 2008.
Lenzing’s Chinese subsidiaries, Lenzing (Nanjing) Fibers and Lenzing Fibers (Shanghai), today provided donations for the earthquake victims in the Chinese province of Sichuan. The funds are earmarked for rescue and support operations.
The very good business development of the Lenzing Group in 2007 continued into the first quarter of 2008, although there were first signs of weakening demand over the next quarters in segment Fibers.
Lenzing’s full subsidiary, P.T. South Pacific Viscose (SPV), celebrates its 25th anniversary. The company is one of the largest producers of cellulose fibers world-wide and the second-largest production site of the Lenzing Group.
The Lenzing Group confirms the preliminary figures for 2007, released on 14 March 2008. Thanks to excellent general economic conditions, and as a consequence of the Group's dynamic expansion the result of 2007 surpasses the very good result of the previous business year.
The business result of the Lenzing Group for 2007 clearly surpasses the very good result of 2006. Excellent economic conditions and the dynamic expansion of the group in fibers and plastics form the basis of yet another record result.
The Lenzing Group will transfer 60 percent of its shares in Business Unit Paper and the control of the business to a group of investors around core investor Ernst Brunbauer (Gmunden, Austria) with the beginning of March.
The Lenzing Group will supply flame retardant specialty fibers for the new generation of US armed forces combat wear.
Mr. Karl Schmutzer, Chairman of the Supervisory Board of Lenzing AG, has resigned as chairman of the Supervisory Board with immediate effect, at his wish, for private reasons.
As of 31 December 2007 Dolan GmbH, a producer of specialty fibers based in Kelheim (Germany), became a full subsidiary of Lenzing Plastics.