December 13, 2016 / 8:06 AM / in 7 months

BRIEF-Lenzing says plans 275 mln euro investment in new U.S. plant

1 Min Read

Dec 13 (Reuters) - Lenzing AG :

* State-of-art 90,000 tons Tencel fiber plant to be built in Mobile, Alabama

* Investment volume will total USD 293 mn (eur 275 mn)

* Investment of eur 275 mn - operations to start in Q1 of 2019

* Aims to increase share of specialty fibers as a percentage of revenue to 50 percent by 2020

* Supervisory board of company appointed today Heiko Arnold as new chief technology officer Further company coverage:

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