20.10.2022 09:00:03

EQS-News: Lenzing AG: Lenzing strengthens ambitions in textile recycling

EQS-News: Lenzing AG / Key word(s): Sustainability/Alliance
Lenzing AG: Lenzing strengthens ambitions in textile recycling

20.10.2022 / 09:00 CET/CEST
The issuer is solely responsible for the content of this announcement.


 
  • Lenzing becomes partner company of CISUTAC
  • New project CISUTAC, co-funded by the EU, will remove barriers to circularity in the textile industry
  • Lenzing will make a valuable contribution as a sustainability champion and a strong partner in cellulose recycling

Lenzing The Lenzing Group, a world-leading provider of specialty fibers for the textile and nonwoven industries, is reinforcing its commitment to circularity by becoming a partner in the CISUTAC (Circular and Sustainable Textile and Clothing) project that is co-funded by the EU. The new consortium was established to support the transition to a circular and sustainable textile sector and, as well as Lenzing, the 27 consortium members include the industry association Euratex, textile company Inditex, PVH, Decathlon and non-governmental organization Oxfam. For its part, Lenzing is focusing on the development of recycling processes for cellulose fibers in line with its own corporate strategy.

Change is urgently required in the textile and clothing industry as it is one of the most harmful sectors to the environment, generating 40 million tonnes of waste every year. The aim of the consortium is to prevent, identify and eliminate barriers to the circularity of the clothing chain. In recent years, Lenzing has set itself the target of actively promoting circularity, reducing the consumption of resources, avoiding environmental pollution and waste, increasing value creation and resource efficiency, and mitigating the negative social impact on people. These goals have always been firmly anchored in the companys strategy.

At Lenzing, we work hard on a daily basis to make our industry more sustainable and promote the transformation of the textile business from a linear to a circular model. This approach is firmly anchored in our strategy and corporate values. Thus, I am delighted that as a champion of sustainability, we can also make a valuable contribution by participating in this project thanks to our commitment and the solutions we offer, comments Stephan Sielaff, CEO of the Lenzing Group.

Effective textile recycling is one of the most important and complex core issues facing the textile industry in the years to come. By pooling expertise and working with partners along the value chain, we can accelerate this vital process and forge ahead with finding solutions, comments Sonja Zak, Head of Circularity Initiative at Lenzing.

CISUTAC aims to remove current bottlenecks in order to enhance textile circularity in Europe. Its goal is to minimize the sectors total environmental impact by developing sustainable, novel and inclusive large-scale European value chains. As a pioneer of circularity, Lenzing is making crucial progress in this field thanks to its expertise.

Lenzing has been developing and promoting innovation in recycling for many years (e.g. its REFIBRA and Eco Cycle technology) in order to provide solutions to the problem of global textile waste. To further promote the issue of circularity, Lenzing signed a cooperation agreement with the Swedish pulp producer Södra in 2021. In the course of this collaboration, the two global market leaders will pool their knowledge and jointly develop new processes for recycling used textiles.

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Your contact for
Public Relations:
 
Dominic Köfner
Vice President Corporate Communications & Public Affairs
Lenzing Aktiengesellschaft
Werkstraße 2, 4860 Lenzing, Austria
 
Phone +43 7672 701 2743
E-mail    media@lenzing.com
Web       www.lenzing.com
 
 
Corporate Sustainability:
 
Krishna Manda
Vice President Corporate Sustainability
Lenzing Aktiengesellschaft
Werkstraße 2, 4860 Lenzing, Austria
 
Phone   +43 7672 701 3417
E-mail     sustainability@lenzing.com
Web        www.lenzing.com
 
About the Lenzing Group
 
The Lenzing Group stands for ecologically responsible production of specialty fibers made from the renewable raw material wood. As an innovation leader, Lenzing is a partner of global textile and nonwoven manufacturers and drives many new technological developments.
 
The Lenzing Groups high-quality fibers form the basis for a variety of textile applications ranging from elegant clothing to versatile denims and high-performance sports clothing. Due to their consistent high quality, their biodegradability and compostability Lenzing fibers are also highly suitable for hygiene products and agricultural applications.
 
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 redirect the textile sector towards a closed-loop economy. In order to reduce the speed of global warming and to accomplish the targets of the Paris Climate Agreement and the Green Deal of the EU Commission, Lenzing has a clear vision: namely to make a zero-carbon future come true.
 
Key Facts & Figures Lenzing Group 2021
Revenue: EUR 2.19 bn
Nominal capacity: 1,145,000 tonnes
Number of employees (headcount): 7,958
 
TENCEL, VEOCEL, LENZING, REFIBRA, ECOVERO, LENZING MODAL, LENZING VISCOSE, MICROMODAL and PROMODAL are trademarks of Lenzing AG.

 



20.10.2022 CET/CEST This Corporate News was distributed by EQS Group AG. www.eqs.com


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: 1467597

 
End of News EQS News Service

1467597  20.10.2022 CET/CEST

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