World’s largest lyocell plant opens in Thailand
03/03/2022
Located within an industrial park in Prachinburi, roughly 150 kilometres northeast of the Thai capital, Bangkok, the complex has capacity to make 100,000 tonnes of lyocell per year. Lenzing’s investment did not exceed the approximately €400 million planned for the project, it revealed.
Chief executive, Cord Prinzhorn, praised all those involved for realising the project on-time, despite the effects of the global covid-19 pandemic. “Investments in Thailand and other Lenzing sites around the world support us not only along our transformation towards becoming a supplier of eco-friendly speciality fibres, but also in implementing our ambitious climate targets, thus further increasing our company value,” he stated.
Notably, member of the managing board, Robert van de Kerkhof, also commented that the business sees “huge" growth potential for its brands in Asian markets, in particular, but that appetite for this is bound up with its ongoing “sustainable innovation”. (The company will continue to explore opportunities to expand lyocell production in other parts of the world, it said.)
Lenzing seeks to draw 75% of its fibre revenues from its “eco-responsible” fibres, including Tencel, Ecovero and Veocel, by 2024.
Image: Lenzing.
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