EQS-News

Lenzing AG: Lenzing and Renewcell sign large-scale supply agreement further closing the loop in fashion

EQS-News: Lenzing AG / Key word(s): Alliance/Sustainability Lenzing AG: Lenzing and Renewcell sign large-scale supply agreement further closing the loop in fashion 06.12.2022 / 08:30 CET/CEST The issuer is solely responsible for the content of this announcement.

• Partnership with Swedish textile-to-textile recycling company will further increase production of TENCEL and LENZING ECOVERO branded specialty fibers using recycled content
• Supply of 100 per cent recycled textile Circulose dissolving pulp

 

Lenzing/Stockholm – The Lenzing Group, the world’s leading supplier of sustainably produced specialty fibers, and Renewcell, the Swedish textile-to-textile recycling pioneer, have today signed a multi-year supply agreement to accelerate the transition of the textile industry from a linear to a circular business model. The agreement contains the sale of 80,000 to 100,000 tonnes of Renewcell’s 100 per cent recycled textile Circulose dissolving pulp to Lenzing over a five-year period, for use in the production of cellulosic fibers for fashion and other textile applications.

 

“The textile industry must change. By signing the agreement with Swedish textile-to-textile recycling company Renewcell, Lenzing is able to further integrate recycling and accelerate the transition of the textile industry from linear to circular. As champions of sustainability, we know that moving towards a circular economy is vital to address the enormous textile waste challenges of the industry”, says Christian Skilich, Chief Pulp Officer of the Lenzing Group.

 

“Lenzing is a major player in our industry, with an inspiring track record of path-breaking technical excellence and sustainability leadership. Our new partnership fits perfectly into Renewcell’s strategy to accelerate the scale-up of circular materials by collaborating with fashion’s most important players. We are more than pleased to join forces with Lenzing with the shared goal of making fashion circular,” said Patrik Lundström, CEO of Renewcell, in a comment on the agreement.