Lenzing Group Plans Capacity Expansion at Austria Plant

Lenxzing to invest USD75.68 million for premium special fibers capacity expansion at its plant located in Burgenland in Austria

Austria: Lenzing Group, a world leader in manufacturing and supply of cellulose fiber, has planned capacity expansion for premium special fibers at its Heiligenkreuz site in Burgenland. The company has already commenced 25,000 tons per annum capacity expansion for special fiber TENCEL® through investment of USD75.68 million over the coming 12 months. The TENCEL® fibers range produced by the company includes Refibra™ fibers, that incorporates blank wastes from production of cotton and wood as a raw material. The company has been involved in the production of fibers since past 20 years at its Heiligenkreuz site. The fibers produced through this expansion project would be made available to customers by the third quarter of 2018.

Techsci Research depicts that the investment in expansion of fibers is expected to strengthen the presence of Lenzing Group in the European region. Since India is a major importer of specialty fibers from European region, the capacity expansion of Lenzing Group would also cater to the demand from the non-woven industry in India geotextiles market.

According to the recently published report by TechSci Research, “India Geotextiles Market, By Type (Non-Woven, Woven & Knitted), By Material (Polypropylene, Polyester & Others), By Application (Erosion Control, Road, Drainage & Others), Competition Forecast & Opportunities, 2012 – 2026”, the geotextiles market in India is anticipated to grow at a CAGR of around 12% during 2017 – 2026. India geotextiles market has been broadly segmented into three categories, namely, woven, non-woven and knitted. Among these categories, non-woven geotextile segment occupied the largest share in India geotextiles market in 2016. The segment is anticipated to maintain its dominance during the forecast period as well. Non-woven geotextiles are used to prevent soil erosion, pound underlayment and separation fabrics, as they act as an excellent filtrate, and are resistant to heat. Region-wise, west region is the largest demand generating region for geotextiles in the country.