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LNZ - Lenzing AG News Story

€43.35 0.1  0.1%

Last Trade - 4:14pm

Sector
Basic Materials
Size
Mid Cap
Market Cap £1.03bn
Enterprise Value £1.81bn
Revenue £1.64bn
Position in Universe 351st / 1038

BRIEF-Lenzing joint venture to build dissolving wood pulp plant in Brazil

Fri 20th December, 2019 1:11am
Dec 19 (Reuters) - Lenzing AG  LENV.VI :
    * IN JOINTVENTURE, LENZING HOLDS A 51 PERCENT, DURATEX A 49
PERCENT STAKE
    * START-UP IS PLANNED FOR FIRST HALF OF 2022
    * WILL BUILD A 500,000 T DISSOLVING WOOD PULP PLANT IN STATE
OF
MINAS GERAIS, NEAR SAO PAULO (BRAZIL)
    * PROJECT IS FINANCED THROUGH LONG-TERM DEBT
    * EXPECTED INDUSTRIAL CAPEX WILL BE APPROX. USD 1.3 BILLION
    * CORRESPONDING FINANCING CONTRACTS ARE EXPECTED TO BE
CONCLUDED
AT END OF Q1 OF 2020

Source text for Eikon:  ID:nAPA7f1R9d 
Further company coverage:  LENV.VI 

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