Lenzing

#3900

Rank

$1.73B

MarketCap AT

AT Austria

Country

Summary
Lenzing Aktiengesellschaft produces and markets wood-based cellulosic fibers for the textile and nonwoven sectors in Austria, rest of Europe, Asia, the Americas, and internationally. The company operates through Division Fiber, Division Pulp, and Others segments. It offers lyocell fibers for applications in sportswear, home textiles, and mattresses, as well as hygiene articles such as wet wipes and baby wipes; modal fibers; viscose fibers for use in clothing fabrics, wipes, tampons, and wound dressings; and filament yarns under the LENZING, TENCEL, VEOCEL, and LENZING ECOVERO brand names. The company also provides biorefinery products comprising acetic acid biobased, furfural biobased, magnesium lignosulphonate biobased, soda ash, sodium sulphate, and xylose. It also operates in the field of mechanical and plant engineering; engages in the training and personnel development activities; and provides engineering services. The company was formerly known as Chemiefaser Lenzing AG and changed its name to Lenzing Aktiengesellschaft in 1984. Lenzing Aktiengesellschaft was founded in 1892 and is headquartered in Lenzing, Austria.

History

The company initially focused solely on fiber production, but it needed plastic wrappings for its fiber bales, so Lenzing Plastics was founded to produce them. The plastics division is still active, making 11.7% of total sales in 2009.

The company's history goes back to 1892 when Emil Hamburger, an industrialist, operated a paper mill in Lenzing, Austria.

In 1935/36, the share majority was acquired by the Bunzl family and the company was affiliated to the Bunzl & Biach AG circle of interests, Vienna. The company was expanded and modernized.


Mission
Lenzing strives to design, develop and manufacture textiles that are sustainable, safe, and of the highest quality.

Vision
Lenzing’s ambition is to become the global leader in sustainable textile solutions by 2022.

Key Team

Sebastien Knus (VP of Capital Markets & Investor Relation)

Mr. Johann Huber (Managing Director of Plastics)

Magistrate Dominic Kofner (VP Corp. Communications & Public Affairs)

Mr. Johann Weber (Co-Head of Engineering Unit)

Mr. Gottfried Rosenauer (Head of Bus. Unit Energy)

Mr. Wilhelm Feilmair (Head of Bus. Unit Pulp)

Mr. Wolfgang Plasser (Head of Bus. Unit Nonwoven Fibers)


Recognition and Awards
Lenzing is the proud recipient of many international awards, including the Sustainable Fashion Award, European Business Awards, and Unternehmer Award.

References
Lenzing
Leadership team

Mr. Robert van de Kerkhof M.B.A. (Member of Management Board)

Mr. Stephan Helmut Sielaff (CEO, Interim CFO & Member of Management Board)

Mr. Christian Skilich L.L.M., M.B.A. (Member of Management Board)

Products/ Services
3D Printing, Manufacturing
Number of Employees
1,000 - 20,000
Headquarters
Lenzing, Oberosterreich, Austria
Established
1938
Net Income
100M - 500M
Revenue
Above - 1B
Traded as
LEN.F
Social Media
Wed Feb 28 2024
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