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    EANS-Adhoc  1428  0 Kommentare Lenzing / Lenzing temporarily mothballs lyocell expansion project in Mobile, Alabama

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    Disclosed inside information pursuant to article 17 Market Abuse Regulation
    (MAR) transmitted by euro adhoc with the aim of a Europe-wide distribution.
    The issuer is responsible for the content of this announcement.
    --------------------------------------------------------------------------------

    Strategic Management Decisions
    26.09.2018

    Highlights -

    * Trade tensions among major economies elevate project risk
    * Buoyant US labor market increases threat of substantial project cost overrun
    * Lenzing will reassess this decision on an ongoing basis
    * Intensified focus on lyocell expansion project in Prachinburi (Thailand)

    Lenzing - Lenzing's Managing Board concluded today to temporarily mothball the
    lyocell expansion project in Mobile, Alabama (USA). The rising likelihood of
    increasing trade tariffs, paired with the potential surge in construction costs
    due to the buoyant US labor market, have increased the risk profile of this
    project. Consequently, Lenzing will put all its effort to readjust the execution
    of its growth plan to meet strong market demand of its lyocell fibers. This
    includes an increased focus on the lyocell expansion project in Prachinburi
    (Thailand). Lenzing will reassess this decision on a regular basis but no
    substantial additional lyocell volumes, over and above the successful 25.000
    tons expansion in Heiligenkreuz (Austria), will be added to the market in 2019
    and 2020 by Lenzing.

    Lenzing continues to be fully committed to implement its sCore TEN strategy and
    remains on track for the specialty expansions such as TENCEL(TM) Luxe filaments
    and LENZING(TM) ECOVERO(TM) viscose fibers, however this decision will slow down
    the implementation of the lyocell specialty staple fiber growth.

    Photo download:
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    mediadb.lenzing.com/pinaccess/showpin.do?pinCode=uXZtMUGWhBwL]
    PIN: uXZtMUGWhBwL




    Further inquiry note:
    Lenzing AG
    Mag. Waltraud Kaserer
    Vice President Corporate Communications & Investor Relations
    Tel.: +43 (0) 7672 701-2713
    mailto: w.kaserer@lenzing.com

    end of announcement euro adhoc
    --------------------------------------------------------------------------------

    issuer: Lenzing AG

    A-A-4860 Lenzing
    phone: +43 7672-701-0
    FAX: +43 7672-96301
    mail: office@lenzing.com
    WWW: http://www.lenzing.com
    ISIN: AT0000644505
    indexes: ATX, WBI
    stockmarkets: Wien
    language: English






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    EANS-Adhoc Lenzing / Lenzing temporarily mothballs lyocell expansion project in Mobile, Alabama - Disclosed inside information pursuant to article 17 Market Abuse Regulation (MAR) transmitted by euro adhoc with the aim of a Europe-wide distribution. The issuer is responsible for the content of this announcement. - Strategic Management …

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