EQS-News: Lenzing AG: Lenzing strengthens ambitions in textile recycling
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.
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• 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 company’s 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 sector’s 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.
Photo download:
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Your contact for
Public Relations: Corporate Sustainability:
Dominic Köfner Krishna Manda
Vice President Corporate Vice President Corporate Sustainability
Communications & Public Affairs Lenzing Aktiengesellschaft
Lenzing Aktiengesellschaft Werkstraße 2, 4860 Lenzing, Austria
Werkstraße 2, 4860 Lenzing,
Austria Phone +43 7672 701 3417
E-mail
Phone +43 7672 701 2743 [4]sustainability@lenzing.com
E-mail [2]media@lenzing.com Web [5] www.lenzing.com
Web [3] 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 Group’s 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.
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20.10.2022 CET/CEST This Corporate News was distributed by EQS Group AG.
www.eqs.com
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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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