Lenzing Expands Capacities in China

IndustrialsIndustrial Goods ♦ Published: October 24, 2011; 13:15 ♦ (Vindobona)

The Austrian fiber manufacturer experiences still strong growth in China. Investments will rise significantly too.

Lenzing Expands Capacities in China / Picture: © Vindobona.org

Lenzing registers unhindered growth in China. “Over the last six years we invested about $ 200m (€ 145m). And we will double these investments within the next five years.”, CEO Peter Untersperger stated.

Now Lenzing has built a new production facility in Nanjing. 225 new jobs were created and € 78m invested – only for this project. After the conductor board manufacturer…