for the year 2012
Lenzing/Mobile, December 11, 2012. TENCEL® has turned 20. The first large production facility for lyocell fibers was put into operation in Mobile/Alabama (USA) in 1992. Today the Lenzing Group manufactures TENCEL® fibers at three sites located in Austria, Great Britain and the USA. Lenzing celebrated this anniversary by holding a commemorative ceremony and a customer symposium.
Additional award following top spot in Upper Austria
New record fiber shipment volumes
Lower average fiber selling prices as expected
Guidance confirmed for the entire year 2012
Once again the Lenzing Group was honored for its sustainability efforts. At the Energy Globe Award Upper Austria 2012, Lenzing placed second in the category “Earth”. This category distinguishes a prudent and sustainable approach to dealing with our planet and its resources as well as all related measures.
Lenzing AG, global market leader for man-made cellulose fibers, was named the winner of the initiative “Jobs through Innovation” for the federal province of Upper Austria on November 7, 2012 by Johann Kalliauer, President of the Upper Austrian Chamber of Labor, and Klaus Pseiner, Managing Director of the Austrian Research Promotion Agency FFG. This competition honors exemplary Austrian companies which sustainably create and preserve jobs on the basis of their research and development work.
PT. South Pacific Viscose (SPV) is now the world’s largest viscose fiber plant
Lenzing AG, global market leader in the production of man-made cellulose fibers, has successfully issued and placed a German Private Placement (Schuldschein) to the amount of EUR 200 mn (senior debt, unsecured) on the debt capital market. Lenzing AG was able to attain an extremely favorable interest rate of 2.55%, with an average term to maturity of six years. Moreover, the transaction was multiple times oversubscribed compared to the original offering. The German Private Placement (Schuldschein) was offered with a term to maturity of four and seven years respectively, in each case at fixed and variable interest rates, as well as with a term to maturity of ten years but only at a fixed interest rate.
Austrias Leading Companies (ALC): Lenzing Repeats Last Year’s Success and Wins Austrian Ranking in the Category “Big Player“
For the 14th time, the business daily WirtschaftsBlatt set out to identify the most successful companies in Austria together with the credit reference agency KSV1870 and PwC. Lenzing AG once again convinced the jury and won the Austrian ranking in the category “Big Player” for the second time. A firm’s good performance over a period of years and not short-term business results is what counts for the Austrian Leading Companies Award. The current analysis took account of the company’s performance in the years 2009-2011. The issue of sustainability also plays a major role in this competition.
Lenzing AG, listed on the benchmark index ATX of the Vienna Stock Exchange and global market leader for man-made cellulose fibers, has now acquired a 100% shareholding of the Czech pulp producer Biocel Paskov A.S. Up until now Lenzing has held a 75% stake in the company. The seller of the remaining 25% of the shares is the Austrian Heinzel Group, which had already disposed of its 75% majority stake to Lenzing in April 2010.
For the 14th time the business daily WirtschaftsBlatt set out to identify the most successful companies in Austria together with the credit reference agency KSV1870 and PwC. The Austrian Leading Companies Award focuses on the solid performance of a firm over a period of years, and not just short-term performance indicators. The current analysis took account of business results over the years 2009 to 2011, but also attached great importance to how the companies dealt with the issue of sustainability. Lenzing AG once again convinced the jury in Upper Austria and won in the category Big Player for the second straight year.
The Supervisory Board of Lenzing AG has extended the Management Board mandate of Peter Untersperger (52) for a further three years until April 2016.
New record fiber shipment volume in Q2
Earnings at the level of the 2010 financial year
Guidance adjusted to current market expectations
Lenzing AG, global market leader for man-made cellulose fibers, is intensifying its longstanding cooperation with the paper and pulp group Sappi. Both companies have concluded a multi-year pulp delivery contract at comparable terms and conditions with pricing linked to paper pulp as in the existing supply contract. The agreement is related to the construction of new dissolving pulp capacities by Sappi.
Lenzing AG has been manufacturing fibers from the renewable raw material wood for more than 70 years. The environmentally-friendly production process as well as the maximum attainable closed cycle and the optimal use of the raw material beech wood are unique in the industry, and give Lenzing’s fiber production a cutting edge on the global market.
The Supervisory Board of Lenzing AG has extended the Management Board mandate of Thomas G. Winkler (Chief Financial Officer) for further three years until the end of March 2016.
Lenzing has been accepted into the VÖNIX Sustainability Index for the seventh successive year
Investments of EUR 130 mn in Upper Austria
Expected completion in about 24 months
110 new jobs
New record fiber shipment volumes
Weaker prices – Earnings below the prior-year quarter
Unchanged outlook for 2012
The Ordinary Shareholders’ Meeting of Lenzing AG resolved to distribute a dividend of EUR 2.50 per share for the 2011 fiscal year (compared to EUR 1.55 per share for the previous fiscal year). The dividend payment has been scheduled for April 25, 2012, with April 23, 2013 set as the ex-dividend day.
2 billion euro sales threshold surpassed for the first time
Guidance met – proposed dividend of EUR 2.50/share
Outlook for 2012 – mirror-inverted development compared to last year
Lenzing – the leader in innovation for Modal fibers – presents a new micro fiber: MicroModal® Edelweiss
At the spring trade shows in Paris the Modal fiber experts, Lenzing, are presenting the newly developed “eco MicroModal®” fiber, produced using Edelweiss technology.
U.S. President Obama signs permanent import approval