Lenzing news and archive

Lenzing facing leadership change: CEO Rohit Aggarwal announces resignation

Austrian fibre producer Lenzing AG must plan without CEO Rohit Aggarwal. On Tuesday, the company announced that the chief executive will step down from his position on January 31, 2026. The decision was made "for personal reasons," according to a statement. Aggarwal had risen to the helm of the company at the beginning of September last year as...

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Lenzing launches new fibre Tencel Lyocell-HV100

Austrian fibre specialist Lenzing is launching a new cellulose fibre. The fibre, named Tencel Lyocell-HV100, is a new innovation that features deliberate irregularities and is inspired by the textured aesthetic of natural fibres. Lenzing stated in a press release that this development was driven by market demand. The natural-looking, irregular...

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Lenzing to cut approximately 600 jobs at its headquarters

Austrian fibre producer Lenzing AG has further intensified its cost-saving programme. The new measures will affect numerous jobs at the headquarters in Lenzing, Austria. “Approximately 300 jobs will be cut, particularly in the administrative sector, with 250 of these to be eliminated by the end of 2025. The aim is to make Lenzing's...

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Lenzing extends Christian Skilich's mandate, appoints Mathias Breuer new CFO

The supervisory board of the Austrian cellulose fibre producer Lenzing AG has extended the mandate of management board member Christian Skilich prematurely by a further three years until May 2029. Skilich, who has been a member of the management board of Lenzing AG since June 2020, as chief pulp and chief technology officer, is responsible for...

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Lenzing reports revenue growth and profitability in H1 2025

Austrian fibre producer Lenzing AG achieved revenue growth in the first half of the 2025 financial year. Thanks to successful reforms, the company has returned to profitability. Recently, however, Lenzing AG has felt the effects of the increasingly difficult economic climate. "In the second quarter, however, international customs measures and...

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Lenzing suspends dividend policy for FY23

Lenzing AG expects EBITDA for the 2023 financial year to be in a range of 320 million euros to 420 million euros, assuming a further market recovery in the current financial year. On this basis, the company said in a statement that the company’s managing board of Lenzing AG does not consider the execution of the existing dividend policy of at...

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Lenzing appoints head of corporate communications & public affairs

Lenzing has announced that Dominic Köfner has taken over as head of corporate communications & public affairs at the beginning of May. As vice president, the company said, he will report directly to the chief executive officer, Dr. Stefan Doboczky. “We are delighted to welcome Köfner to Lenzing. He brings exactly the international experience we...

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Lenzing invests 200 million euros in Asia for group-wide climate neutrality

Austrian fiber producer Lenzing Group is planning to invest more than 200 million euros (around 240 million US dollars / 170 million pound Sterling) in its production sites in Purwakarta (Indonesia) and Nanjing (China) to convert existing standard viscose capacity into environmentally responsible specialty fibers. In Nanjing, Lenzing will...

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Lenzing launches Tencel e-commerce platform

The Lenzing Group is launching an e-commerce channel dedicated to its flagship textile brand Tencel to showcase the sustainable fibre. The e-shop platform aims to enable consumers to make “informed purchases” on sustainable clothing and home textile products, explained Lenzing, while also becoming an integral element of the “digital first”...

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Denim innovations: How brands are cleaning up the industry

The denim industry, as a part of the wider textile industry, which is one of the most polluting industries in the world, has come a long way since Levi Strauss developed its first pair of blue jeans for gold miners in the San Francisco area in 1873. Note that the first Levi’s blue jeans were reserved for men. Women had to wait until the next...

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Lenzing revenues decline by 22.4 percent

Revenues at Lenzing declined by 22.4 percent to 1.63 billion euros in 2020. The company said, earnings development essentially reflects the decline in revenue, but was supported by measures for structural earnings improvements in all regions. EBITDA fell by 39.9 percent to 196.6 million euros and the EBITDA margin decreased from 15.5 percent to...

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Lenzing Q3 revenues drop, reports loss

The increase in demand towards the end of the third quarter, primarily for wood-based specialty fibers such as Tencel Modal and Lenzing Ecovero, Lenzing said, had a positive impact on the revenue and earnings development, but was still below the level of the previous year. As a result, revenue declined by 26.1 percent to 1.19 billion euros in...