What Happened?
New York, NY-based Lenzing Appointed Heiko Arnold as Chief Technology Officer
About the Company
The Lenzing Group aims to increase the share of specialty fibers as a percentage of revenue to 50 percent by 2020. Following the previously announced expansion plans for Lenzing, Heiligenkreuz (Austria) and Grimsby (Great Britain), the Supervisory Board of Lenzing AG approved yesterday the investment for a TENCEL® fiber plant in the USA. Lenzing now plans to construct a state-of-the-art plant with a production capacity of 90,000 tons per year at its site in Mobile, Alabama. The new facility will be the largest TENCEL® fiber plant in the world, it will set a new milestone in the history of lyocell fibers. The investment volume will total USD 293 mn (EUR 275 mn). The new plant will utilize the latest technological standards and is scheduled to start in the first quarter of 2019.
About the Person
Heiko Arnold is chief technology officer at Lenzing. Previously, Heiko held various senior HR leadership roles in the industry.
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