Lenzing AG

Environmental & Social Information • Dec 11, 2024

News Details

Corporate | 10 December 2024 09:40

Fiber customers rely on LENZING™ Acetic Acid Biobased

EQS-News: Lenzing AG / Key word(s): Sustainability

Fiber customers rely on LENZING™ Acetic Acid Biobased

10.12.2024 / 09:40 CET/CEST

The issuer is solely responsible for the content of this announcement.

Fiber customers rely on LENZING™ Acetic Acid Biobased

• C.P.L. as first license partner for Lenzing™ Acetic Acid Biobased
• Oniverse (Calzedonia) relies on Lenzing’s sustainable products
• Partnerships promote circular economy

Lenzing – The Lenzing Group, a leading supplier of regenerated cellulose fibers for the textile and nonwovens industries, announces a significant milestone in its partnership with C.P.L. Prodotti Chimici srl, a renowned supplier of chemical products for the textile industry. LENZING™ Acetic Acid Biobased, a by-product of pulp production, is at the center of this collaboration. Oniverse, which also owns the renowned fashion brand Calzedonia, will not only rely on Lenzing for its fibers in the future but will also use LENZING™ Acetic Acid Biobased for dyeing textiles.

Lenzing has always developed solutions together with partners to meet the industry’s requirements for a circular economy. The strategic partnerships with C.P.L., the first licensing partner for LENZING™ Acetic Acid Biobased, and Oniverse underline the trust of customers in Lenzing’s biorefinery products. These collaborations are a successful example of the increasing relevance of transparency and more environmentally friendly and sustainable products in the industry. In addition, Lenzing enables improved visibility of its own products for partners and customers through co-branding, whether in the textile and nonwovens sector or in the biorefinery product portfolio.

“The collaboration with C.P.L. and Oniverse is another important step towards promoting the circular economy. Thanks to its high purity and low carbon footprint, our LENZING™ Acetic Acid Biobased plays a central role in many industrial processes. This strategic alliance underlines the industry’s trust in Lenzing and our biorefinery products,” says Elisabeth Stanger, Senior Director Biorefinery & Co-Products.

“Our partnership with Lenzing, which has been based on trust and respect since the early 1990s, has always maintained a high level of quality. We are looking forward to the next step that combines quality with sustainability,” says Marco Lanzetti, owner of C.P.L. Prodotti Chimici srl. “As the first license partner for LENZING™ Acetic Acid Biobased, we are proud to be able to promote Lenzing as a brand to our customers, such as Oniverse, in the textile market, reduce our carbon footprint and achieve our sustainability goals,” adds Lanzetti.

“This partnership is a good example of circular economy, showing how different supply chains can work together to optimize waste and reduce the impact of their activities on the environment,” says Federico Fraboni, Head of Sustainability at Oniverse.

The biorefinery process at Lenzing makes optimal use of the renewable raw material wood, the starting material for pulp and fiber production, and converts it into valuable products such as bio-based acetic acid. LENZING™ Acetic Acid Biobased, which has a carbon footprint that is more than 85 percent lower than fossil-based acetic acid, is used in the food, pharmaceutical, cosmetics, chemical and textile industries and in processes in the textile sector, such as washing, dyeing and finishing.

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Your contact for Public Relations: Dominic Köfner Vice President Corporate Communications, Investor Relations & Public Affairs Lenzing Aktiengesellschaft Werkstraße 2, 4860 Lenzing, Austria Phone +43 7672 701 2743 E-mail media@lenzing.com Web www.lenzing.com

About the Lenzing Group

The Lenzing Group stands for eco-responsible production of specialty fibers based on cellulose and recycled material. 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 form the basis for a variety of textile applications ranging from functional, comfortable and fashionable clothing to durable and sustainable home textiles. Due to their special properties and their botanical origin, the TÜV certified biodegradable and compostable Lenzing fibers are also highly suitable for everyday hygiene products.

The business model of the Lenzing Group goes far beyond that of a traditional fiber producer. Together with its customers and partners, Lenzing develops innovative products along the value chain, creating added value for consumers. The Lenzing Group strives for the efficient utilization and processing of all raw materials and offers solutions to help transform the textile industry from the current linear economic system towards a circular economy. In order to reduce the speed of global warming and thus also support the targets of the Paris Agreement and the EU Commission’s “Green Deal”, Lenzing has developed a clear science-based climate action plan that aims to significantly reduce greenhouse gas emissions by 2030 and a net-zero goal (scope 1, 2 and 3) by 2050.

Key Facts & Figures Lenzing Group 2023

Revenue: EUR 2.52 bn

Nominal capacity: 1,110,000 tonnes

Employees (FTE): 7,917

TENCEL™, LENZING™ ECOVERO™, VEOCEL™, LENZING™ and REFIBRA™ are trademarks of Lenzing AG.

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10.12.2024 CET/CEST This Corporate News was distributed by EQS Group AG. www.eqs.com

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Language:	English
Company:	Lenzing AG
	4860 Lenzing
	Austria
Phone:	+43 7672-701-0
Fax:	+43 7672-96301
E-mail:	office@lenzing.com
Internet:	www.lenzing.com
ISIN:	AT0000644505
Indices:	ATX
Listed:	Vienna Stock Exchange (Official Market)
EQS News ID:	2047841

End of News	EQS News Service