Company will use the proceeds to expand its nonwovens business, strengthen its finances, and refocus it textiles arm on premium segments
LENZING – Cellulosic fibre manufacturer Lenzing has completed a capital increase raising approximately €301.2 million to support its “Grow Nonwovens, Reset Textiles” strategy.
The Austria-based firm announced the completion on 21 October, with the funding intended to strengthen its capital structure and finance its business transformation
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