XWBO
LNZ
Market cap890mUSD
Aug 28, Last price
23.05USD
Name
Lenzing AG
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Profile
Lenzing AG, an Austrian company based in Lenzing, stands as a leading global manufacturer and supplier of sustainably sourced, wood-based cellulosic fibers. These innovative fibers are vital components for both the textile and nonwoven sectors, serving a wide array of international markets encompassing Austria, the broader European continent, Asia, and the Americas. The company's operations are divided into three primary segments: Fiber, Pulp, and Others. Its diverse fiber collection includes TENCEL™ lyocell fibers, which find application in everything from sportswear and home textiles to mattresses and various hygiene products like wet and baby wipes. Lenzing also provides modal fibers, versatile viscose fibers suitable for apparel fabrics, wipes, tampons, and wound dressings, alongside filament yarns. These products are prominently featured under well-known brand names such as LENZING™, TENCEL™, VEOCEL™, and LENZING ECOVERO™. Beyond its core fiber production, Lenzing manufactures a suite of bio-based refinery products, including acetic acid, furfural, magnesium lignosulphonate, soda ash, sodium sulphate, and xylose. The company further diversifies its activities, engaging in mechanical and plant engineering, human resource development, and the provision of specialized engineering services. Established in 1892, the company was initially known as Chemiefaser Lenzing AG before officially adopting its current name, Lenzing Aktiengesellschaft, in 1984.
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