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EQS-News: Lenzing AG / Key word(s): Miscellaneous
Lenzing welcomes new core shareholder Suzano S/A
2024-06-12 / 09:45 CET/CEST
The issuer is solely responsible for the content of this announcement.
Lenzing welcomes new core shareholder Suzano S/A
Lenzing - The Lenzing Group, a leading supplier of regenerated cellulose fibers for the textile and nonwovens
industries, learned today that Lenzing's main shareholder B&C Group and the Brazilian pulp producer Suzano S/A have
signed a long-term partnership in connection with the majority stake in Lenzing. As part of this agreement, Suzano S/A
will take over a 15 percent stake in Lenzing AG from B&C Group. Suzano is the world's largest pulp producer based in
Sao Paolo and recently achieved annual sales of more than EUR 7 billion.
Lenzing's management welcomes the proposed transaction and looks forward working with another core shareholder.
Stephan Sielaff, Chief Executive Officer of the Lenzing Group, says: "Lenzing and Suzano are two companies that have
come to know and appreciate each other in recent years as relevant players on the international pulp market. Based on
the core competencies in the area of pulp production and operational excellence, Suzano can make a valuable
contribution to the successful implementation of our strategy. For us, the constellation of the two strong core
shareholders B&C Group and Suzano S/A is definitely a win."

Photo download:
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PIN: HAdarqwcP2a5

Your contact for
Public Relations:

Dominic Köfner
Vice President Corporate Communications & Public Affairs
Lenzing Aktiengesellschaft
Werkstraße 2, 4860 Lenzing, Austria

Phone   +43 7672 701 2743 
E-mail   media@lenzing.com 
Web      www.lenzing.com 

About the Lenzing Group

The Lenzing Group stands for eco-responsible production of specialty fibers based on cellulose and recycled material.
As an innovation leader, Lenzing is a partner of global textile and nonwoven manufacturers and drives many new
technological developments. The Lenzing Group's high-quality fibers form the basis for a variety of textile
applications ranging from functional, comfortable and fashionable clothing to durable and sustainable home textiles.
Due to their special properties and their botanical origin, the TÜV certified biodegradable and compostable Lenzing
fibers are also highly suitable for everyday hygiene products.

The business model of the Lenzing Group goes far beyond that of a traditional fiber producer. Together with its
customers and partners, Lenzing develops innovative products along the value chain, creating added value for consumers.
The Lenzing Group strives for the efficient utilization and processing of all raw materials and offers solutions to
help transform the textile industry from the current linear economic system towards a circular economy. In order to
reduce the speed of global warming and thus also support the targets of the Paris Agreement and the EU Commission's
"Green Deal", Lenzing has developed a clear science-based climate action plan that aims to significantly reduce
greenhouse gas emissions by 2030 and a net-zero goal (scope 1, 2 and 3) by 2050.

Key Facts & Figures Lenzing Group 2023
Revenue: EUR 2.52 bn
Nominal capacity: 1,110,000 tonnes
Employees (FTE): 7,917

TENCELT, LENZINGT ECOVEROT, VEOCELT, LENZINGT and REFIBRAT are trademarks of Lenzing AG.
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2024-06-12 CET/CEST This Corporate News was distributed by EQS Group AG. www.eqs.com

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Language:     English 
Company:      Lenzing AG 

4860 Lenzing
Austria

Phone:        +43 7672-701-0 
Fax:          +43 7672-96301 
E-mail:       office@lenzing.com 
Internet:     www.lenzing.com 
ISIN:         AT0000644505 
Indices:      ATX 
Listed:       Vienna Stock Exchange (Official Market) 
EQS News ID:  1923251 

End of News EQS News Service
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1923251 2024-06-12 CET/CEST

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END) Dow Jones Newswires

June 12, 2024 03:45 ET (07:45 GMT)