Austrian fiber maker to open plant in Thailand

7-Eleven shuts down all stores in IndonesiaAustrian Lenzing Group is planning to open a facility to produce lyocell fibres in Thailand, the company announced on June 29. Plans are to design the plant for a capacity of up to 100,000 tonnes of the cotton-like cellulose fibers annually.

For this purpose, Lenzing is establishing a subsidiary in Thailand and purchasing a commercial property in an industrial park in Prachinburi east of Bangkok. In the coming months, the required permits and licenses, as well as technical planning, will be finalised, the company statement said, adding that “a definitive decision on constructing the new production plant will be made in the first quarter of 2018, and, in this case, completion is scheduled for the end of 2020.”

The company’s board of directors already approved the project, Lenzing Group stated.

In particular, the factory will produce Tencel fibers, a environmentally friendly botanic fabric regenerated from wood cellulose and a Lenzing trademark. It is used in textile production throughout Asia, for example by the world’s largest fashion company Inditex (known for its label Zara), as well as by jeans maker Levi Strauss.

For Lenzing Group CEO Stefan Doboczky, choosing Thailand’s Eastern Seaboard to set up a production facility was a “logical next step” to provide fabric to the many textile and garment producers within ASEAN, namely in Cambodia, Vietnam and Indonesia, as well as in China. Furthermore, Prachinburi provided good infrastructure, room for expansion and energy supply from renewable sources, he added.

The company will invest around $500 million in the facility, Doboczky noted.

“The expansion to Thailand represents the next consistent step in the implementation of our strategy of increasing the share of specialty fibers and expanding our geographical footprint. With Asia accounting for 70 per cnet of total Lenzing Group revenue, it is logical that we will construct the next production plant for Tencel fibers in Asia,” he said.



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Austrian Lenzing Group is planning to open a facility to produce lyocell fibres in Thailand, the company announced on June 29. Plans are to design the plant for a capacity of up to 100,000 tonnes of the cotton-like cellulose fibers annually. For this purpose, Lenzing is establishing a subsidiary in Thailand and purchasing a commercial property in an industrial park in Prachinburi east of Bangkok. In the coming months, the required permits and licenses, as well as technical planning, will be finalised, the company statement said, adding that “a definitive decision on constructing the new production plant will be made...

7-Eleven shuts down all stores in IndonesiaAustrian Lenzing Group is planning to open a facility to produce lyocell fibres in Thailand, the company announced on June 29. Plans are to design the plant for a capacity of up to 100,000 tonnes of the cotton-like cellulose fibers annually.

For this purpose, Lenzing is establishing a subsidiary in Thailand and purchasing a commercial property in an industrial park in Prachinburi east of Bangkok. In the coming months, the required permits and licenses, as well as technical planning, will be finalised, the company statement said, adding that “a definitive decision on constructing the new production plant will be made in the first quarter of 2018, and, in this case, completion is scheduled for the end of 2020.”

The company’s board of directors already approved the project, Lenzing Group stated.

In particular, the factory will produce Tencel fibers, a environmentally friendly botanic fabric regenerated from wood cellulose and a Lenzing trademark. It is used in textile production throughout Asia, for example by the world’s largest fashion company Inditex (known for its label Zara), as well as by jeans maker Levi Strauss.

For Lenzing Group CEO Stefan Doboczky, choosing Thailand’s Eastern Seaboard to set up a production facility was a “logical next step” to provide fabric to the many textile and garment producers within ASEAN, namely in Cambodia, Vietnam and Indonesia, as well as in China. Furthermore, Prachinburi provided good infrastructure, room for expansion and energy supply from renewable sources, he added.

The company will invest around $500 million in the facility, Doboczky noted.

“The expansion to Thailand represents the next consistent step in the implementation of our strategy of increasing the share of specialty fibers and expanding our geographical footprint. With Asia accounting for 70 per cnet of total Lenzing Group revenue, it is logical that we will construct the next production plant for Tencel fibers in Asia,” he said.



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Investvine has been a consistent voice in ASEAN news for more than a decade. From breaking news to exclusive interviews with key ASEAN leaders, we have brought you factual and engaging reports – the stories that matter, free of charge.

Like many news organisations, we are striving to survive in an age of reduced advertising and biased journalism. Our mission is to rise above today’s challenges and chart tomorrow’s world with clear, dependable reporting.

Support us now with a donation of your choosing. Your contribution will help us shine a light on important ASEAN stories, reach more people and lift the manifold voices of this dynamic, influential region.

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Donation Total: $10.00

 

 

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