"Asia is and will remain the most important growth market for our products" says Thomas Fahnemann. The start-up of viscose fiber production in Nanjing (China) in 2007, the production site in Indonesia and the high export volumes of specialty fibers from Austria to Asia make Lenzing one of the major suppliers in this region. "With continuing good market conditions the further expansion of our Asian production capacity, especially in China, is a conceivable option" Thomas Fahnemann adds.
Seventy percent of the total investment now allocated to SPV will go to the new production line and the remainder to the expansion of infrastructure and the optimization of existing facilities. The project will also make an important contribution to internal raw material supply at high environmental standards.
The future launch of the new production line in Indonesia, together with the planned expansion project at the TENCEL® production site Heiligenkreuz (Austria), which was approved earlier in 2007, and the increased capacity at the plant in Lenzing will push up the nominal capacity of the Lenzing Group from currently 560,000 tons of cellulose fibers to 660,000 tons per year. Lenzing operates six cellulose fiber production sites globally, a further site in India is in the planning stage.
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