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Lenzing AG
Environmental & Social Information • Apr 14, 2025
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Environmental & Social Information
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Corporate | 14 April 2025 09:00
Lenzing AG / Lenzing and Speyer & Grund set new standards for optimized sustainable supply chains
Lenzing AG / Key word(s): Alliance/Sustainability
Lenzing AG / Lenzing and Speyer & Grund set new standards for optimized sustainable supply chains
14.04.2025 / 09:00 CET/CEST
The issuer is solely responsible for the content of this announcement.
- New chapter in successful long-term collaboration with acetic acid storage tank
- Sustainable supply chain and optimized logistics for full flexibility
Lenzing – The Lenzing Group, a leading provider of regenerated cellulose fibers for the textile and nonwoven industries, and Speyer & Grund, specialists in vinegar essences and acidulants as well as long-term partners for LENZING™ Acetic Acid Biobased, announce the completion of a new acetic acid storage tank. This successful strategic project is not only a strong signal for the long-term partnership but also marks a new level of supply chain excellence.
The new storage tank, built at Speyer & Grund’s site in Meerane (Germany), contains a tank for the exclusive filling with LENZING™ Acetic Acid Biobased. This is produced as a by-product in pulp production. The now increased tank capacity also enhances flexibility in the supply chain.
Elisabeth Stanger, Senior Director Biorefinery & Co-Products: “Lenzing is a European model company of the bioeconomy with its biorefinery products and the most efficient use of the resource wood. We are pleased with the long-standing, trusting partnership with Speyer & Grund, which represents an important step towards an even more sustainable supply chain.”
“LENZING™ Acetic Acid Biobased has been an integral part of our Surig vinegar essence since 1983. The new tank solution means growth for us with maximum supply security. At the same time, we increase flexibility for delivery logistics as an important component for close cooperation with a strong partner,” explains Axel Rosener, Managing Director of Speyer & Grund GmbH.
The ceremonial commissioning of the acetic acid storage tank took place on Thursday, April 10, 2025.
The biorefinery process in Lenzing optimally utilizes the renewable raw material wood, the starting material for pulp and fiber production, and converts it into valuable products such as biobased acetic acid. LENZING™ Acetic Acid Biobased, which has a carbon footprint over 85 percent lower than fossil-based acetic acid, is used in the food, pharmaceutical, cosmetic, cleaning, chemical, and textile industries and in textile sector processes such as washing, dyeing, and finishing.
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| Your contact for Public Relations: Dominic Köfner Vice President Corporate Communications, Public Affairs & Investor Relations Lenzing Aktiengesellschaft Werkstraße 2, 4860 Lenzing, Austria Phone +43 7672 701 2743 E-mail [email protected] Web www.lenzing.com |
Biorefinery & Co-Products: Elisabeth Stanger Sr. Dir. Comm. Affairs Bioref. & Co-Products Lenzing Aktiengesellschaft Werkstraße 2, 4860 Lenzing, Austria Phone +43 7672 701 2958 E-mail [email protected] Web www.lenzing.com |
About the Lenzing Group
The Lenzing Group stands for the responsible production of specialty and premium fibers based on regenerated cellulose. As an innovation leader, Lenzing is a partner of global textile and nonwoven manufacturers and drives many new technological developments. The Lenzing Group’s high-quality fibers are the raw material for a wide range of textile applications – ranging from functional, comfortable, and fashionable clothing through to durable and sustainable home textiles. TÜV-certified biodegradable and compostable Lenzing fibers are also ideal for demanding use in everyday hygiene applications.
The Lenzing Group’s business model extends far beyond that of a traditional fiber producer. Together with its customers and partners, Lenzing develops innovative products along the value chain, adding value for consumers. The Lenzing Group strives for efficient utilization and processing of all raw materials and offers solutions for the transition of the textile industry from the current linear economic system to a circular economy. In order to align its commitment to limiting man-made climate change with the goals of the Paris Agreement, Lenzing has a clear, science-based climate action plan that provides for a significant reduction in greenhouse gas emissions (Scopes 1, 2, and 3) by 2030 and a net-zero target by 2050.
Key Facts & Figures Lenzing Group 2024
Revenue: EUR 2.66 bn
Nominal capacity (fibers): 1,110,000 tonnes
Employees (full-time equivalents): 7,816
TENCEL™, LENZING™ ECOVERO™, VEOCEL™, LENZING™, and REFIBRA™ are trademarks of Lenzing AG.
14.04.2025 CET/CEST This Corporate News was distributed by EQS Group. www.eqs.com
| Language: | English |
| Company: | Lenzing AG |
| 4860 Lenzing | |
| Austria | |
| Phone: | +43 7672-701-0 |
| Fax: | +43 7672-96301 |
| E-mail: | [email protected] |
| Internet: | www.lenzing.com |
| ISIN: | AT0000644505 |
| Indices: | ATX |
| Listed: | Vienna Stock Exchange (Official Market) |
| EQS News ID: | 2116726 |
| End of News | EQS News Service |
2116726 14.04.2025 CET/CEST