EANS-News: Lenzing AG
Lenzing AG Intensifies Pulp Cooperation with Sappi
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Company Information/Joint Ventures/Cooperation/Collaboration
Lenzing (euro adhoc) - Lenzing AG, global market leader for man-made cellulose
fibers, is intensifying its longstanding cooperation with the paper and pulp
group Sappi. Both companies have concluded a multi-year pulp delivery contract
at comparable terms and conditions with pricing linked to paper pulp as in the
existing supply contract. The agreement is related to the construction of new
dissolving pulp capacities by Sappi.
Sappi is the world's largest manufacturer of dissolving pulp with an annual
capacity of 800,000 tons at present growing to 1.3 million tons. Dissolving pulp
is used in producing cellulose fibers, amongst other purposes. The raw material
is wood mainly derived from certified eucalyptus plantations. Lenzing has
already been sourcing high quality pulp for its non-integrated fiber production
plants in Indonesia, China, Europe and the USA for several decades, including
from the Sappi Group.
Further inquiry note:
Lenzing AG
Mag. Angelika Guldt
Tel.: +43 (0) 7672-701-2713
Fax: +43 (0) 7672-918-2713
mailto:a.guldt@lenzing.com
end of announcement euro adhoc
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company: Lenzing AG
A-A-4860 Lenzing
phone: +43 7672-701-0
FAX: +43 7672-96301
mail: a.guldt@lenzing.com
WWW: http://www.lenzing.com
sector: Chemicals
ISIN: AT0000644505
indexes: WBI, ATX, Prime Market
stockmarkets: free trade: Berlin, official market: Wien
language: English
Original content of: Lenzing AG, transmitted by news aktuell