Lenzing Nets EIB Loan For TENCEL® R&D, Production
Lenzing AG, Austria, has received a 100 million-euro loan from the European Investment Bank (EIB) to support R&D projects and investments for the production of new TENCEL® cellulosic fiber products. Under the multi-year initiative, Lenzing will build and commission new research facilities and pilot plants, and implement production process innovations, primarily at its Tencel site in Austria.
At the loan signing, Lenzing CEO Peter Untersperger noted that Lenzing is already operating three pilot plants in Europe for Tencel development. “We still see considerable potential for growth in the future which must be explored now, as the demand for high-quality fibres manufactured in environmentally compatible processes will continue to increase,” he said.