Lenzing AG
PTFE, acrylic fibers | |
Revenue | €2.26 billion (2017)[1] |
---|---|
€371.0 million (2017)[1] | |
€281.7 million (2017)[1] | |
Total assets | €2,497.3 billion (end 2017)[1] |
Total equity | €1,527.7 billion (end 2017)[1] |
Number of employees | 6,488 (end 2017)[1] |
Website | www.lenzing.com |
The Lenzing Group is an international group with its headquarters in Lenzing, Austria, and production sites in all major markets.[2] Lenzing produces wood-based viscose fibers, modal fibers, lyocell fibers and filament yarn, which are used in the textile industry — in clothing, home textiles and technical textiles — as well as in the nonwovens industry. In addition, the company is active in mechanical and plant engineering. The Lenzing Group markets its products under the brand names TENCEL, VEOCEL, LENZING ECOVERO and LENZING.[3]
History
The company initially focused solely on fiber production, but it needed plastic wrappings for its fiber bales, so Lenzing Plastics was founded to produce them.[4] The plastics division is still active, making 11.7% of total sales in 2009.[5]
The company's history goes back to 1892, when Emil Hamburger, an industrialist, operated a paper mill in Lenzing, Austria.
In 1935/36, the share majority was acquired by the Bunzl family and the company was affiliated to the Bunzl & Biach AG circle of interests, Vienna. The company was expanded and modernized.[6]
Nazi era
After the incorporation of Austria into the German Reich in the
The planned destruction of the plant was prevented by resistance groups.[6]
After 1945
By the end of the 1940s, the total complex of social enterprises included a wood grinding mill, a pulp and paper mill and a rayon mill in Lenzing, a sawmill in Schörfling, and a hydroelectric power plant each in Lenzing and Pettighofen. The products were cellulose, paper, groundwood pulp, lumber and Glauber's salt (as a waste product). The number of employees at that time was over 2300 workers and salaried employees.
In 1949, the Lenzing pulp and paper mill, which had been taken over in 1940, was restituted to the previous owners of this company before 1938 (the Bunzl-Konzern Holding AG, Zug/Switzerland), which in turn incorporated it into the restored Lenzinger Zellulose- und Papierfabrik AG. At the same time, the company name was changed back to the original form Zellwolle Lenzing AG. Appropriate agreements were made to take account of the many economic interconnections that continued to exist between the social and the separated production sites.
In 1962, the company name was changed to Chemiefaser Lenzing Aktiengesellschaft in view of the planned start of production of synthetic fibers. At that time, the company's holdings included the rayon factory, a cellulose glass factory that had been put into operation in the fall of 1951, and its own power plant. In 1964, an agreement was concluded with Courtaulds Limited, London, providing for close cooperation in the field of research, processes and production for viscose fibers. In 1965, the construction of a plant for sulfuric acid production[11] was started at Lenzing, which went into operation at the end of the same year. In 1967, a plant was built for the production of synthetic films and tapes made of polyethylene and polypropylene for the packaging industry. In 1966, Austria Faserwerke GesmbH was founded jointly with Farbwerke Hoechst AG formerly Meister Lucius & Brüning, Frankfurt a. M. This company built a plant at Lenzing, which went into operation in 1967, for the production of polyester fibers with the brand name Trevira as well as converter and rupture cables made of polyethylene terephthalate according to a licensing process of Farbwerke Hoechst AG. The company was also responsible for the production of polyethylene terephthalate.
The old
Lenzing Group has international branch offices in the
Total 2009 sales were EUR 1.25 billion, with a workforce of 6,021. The main fiber markets of Lenzing are Asia (52%) and Europe (39%). The
In April 2015 Lenzing sold its German subsidiary Dolan, along with Kelheim and a 91-percent stake in European Carbon Fiber GmbH to WHEB Partners' Growth Fund 2 and Jan Verdenhalven. The sale price remains confidential.[16]
Since 2022 Lenzing has been implementing a cost reduction program reducing costs by over 70 Mio. Euro.[17]
References
- ^ a b c d e f "Annual Report 2017" (PDF). Lenzing. Retrieved 22 March 2017.
- ^ "Lenzing Group". www.lenzing.com. Retrieved 2018-05-24.
- ^ "Lenzing Group". www.lenzing.com. Retrieved 2018-05-24.
- ^ "About us". Lenzing Plastics. Retrieved 2023-03-27.
- ^ a b "FAQ". Archived from the original on 2009-10-29. Retrieved 2010-10-30.
- ^ a b c "75 Jahre Innovation - einebewegte Geschichte - Geschäftsbericht 2012 - Lenzing AG". 2015-04-02. Archived from the original on 2 April 2015. Retrieved 2022-02-19.
- ^ "INDUSTRIEGESCHICHTE Lenzing". Agermühlenweg (in German). Retrieved 2022-02-19.
Nach dem Einmarsch der Nationalsozialisten wird die jüdische Familie Bunzl de facto enteignet und der Plan zur Errichtung einer Zellwolleproduktion umgesetzt.
- ^ "Lenzing 1938: Die größte Industrie-Arisierung". Die Presse (in German). 2010-12-17. Retrieved 2022-02-19.
- ^ "Archive | ZEDHIA - Online Portal for Historical Business Information from 1812 to 2003". portal.zedhia.at. Retrieved 2022-02-19.
- ^ "Archive | ZEDHIA - Online Portal for Historical Business Information from 1812 to 2003". portal.zedhia.at. Retrieved 2022-02-19.
- OCLC 34478182.
- ^ "History". Archived from the original on 2010-08-30. Retrieved 2010-10-30.
- ^ "Standort Österreich". Archived from the original on 2009-09-25. Retrieved 2010-10-30.
- ^ "Annual Report online 2007 of the Lenzing Group". Archived from the original on 2008-11-22.
- ^ "Annual Report online 2007 of the Lenzing Group". Archived from the original on 2008-12-05.
- ^ "Lenzing - Leading Fiber Innovation - Press Center - Press Releases". Archived from the original on 2015-04-19. Retrieved 2015-04-16.
- ^ red, ooe ORF at/Agenturen (2023-11-03). "Rote Zahlen und Stellenabbau bei Lenzing". ooe.ORF.at (in German). Retrieved 2023-11-03.
External links
- Official website (in English)
- Vienna Stock Exchange: Lenzing AG