[pageLogInLogOut]

#Yarn & Fiber

Lenzing suspends 2022 guidance due to limited market visibility and high volatility of energy and raw material markets

The Lenzing Group, the world’s leading supplier of wood-based specialty fibers for the textile and nonwovens industries, suspended its guidance for the development of earnings in the 2022 financial year in view of the drastic deterioration of the market environment in the current quarter. The further course of the 2022 financial year can only be estimated to a limited extent due to the extremely low visibility on the demand side and the high volatility of energy and raw material costs.
  • Global market environment deteriorates significantly in current quarter: high inflation negatively impacts consumer climate
  • Strategic focus remains unchanged

The war in Ukraine, China’s zero-covid policy and the significant rise in inflation have had a significant impact on the global economy. The International Monetary Fund lowered its growth expectations for the current calendar year to 3.2 percent in July. This drastically deteriorated market environment is also increasingly burdening the consumer climate as well as the sentiment in the industries relevant to Lenzing. As a result, the expectations regarding the business outlook declined significantly once again according to current surveys.

Based on current assumptions for energy and raw material costs, Lenzing also sees the achievement of its medium-term guidance for 2024 at risk.

“We are currently experiencing unprecedented distortions in the energy and raw material markets, which are burdening consumer climate and significantly limiting our visibility on short to medium-term business development. Lenzing can build on a solid and forward-looking strategy as well as high-quality and innovative products. The long-term growth prospects for our wood-based, biodegradable specialty fibers remain positive. We are a champion of sustainability and well on our way to transforming the global industry from a linear to a circular economy model. Lenzing is very well positioned, we will also overcome today’s economic turmoil”, says Stephan Sielaff, CEO of the Lenzing Group.



In light of the current distortions in the energy and raw material markets and their impact on consumer climate, Lenzing sees itself confirmed in its long-term corporate strategy and will continue to drive specialty fiber growth and the implementation of its ambitious climate and sustainability goals, including the transformation to a circular economy model.

Stephan Sielaff, Chief Executive Officer, Lenzing AG © 2022 Lenzing
Stephan Sielaff, Chief Executive Officer, Lenzing AG © 2022 Lenzing


The Lenzing Group’s results for the first three quarters of the current financial year will be published on Thursday, November 03, 2022.


More News from Lenzing

#Man-Made Fibers

Lenzing AG to become majority owner of TreeToTextile AB and accelerates industrialization of new fibers

The Lenzing Group is taking another strategic milestone by acquiring a controlling majority in the Swedish innovation company TreeToTextile AB. This step strengthens Lenzing’s position as a leading provider of sustainable, wood‑based specialty fibers and expands its innovation pipeline with a highly scalable, patent‑protected technology platform. The transaction is executed through the issuance of new shares.

#Man-Made Fibers

Fourth CDP Triple “A” Rating reinforces Lenzing’s leadership in sustainability

Lenzing AG has once again been recognized by the global nonprofit organization CDP for its transparent reporting performance in the areas of climate change, forests, and water security. This places Lenzing among only 23 companies worldwide that made it on the “Corporate A List” across all three categories in 2025 – out of more than 22,000 companies that disclosed their environmental data. For Lenzing, this marks the fourth time the company has achieved this prestigious triple‑“A” rating.

#Man-Made Fibers

Lenzing AG announces new leadership and establishment of Executive Committee

Lenzing AG announced that Rohit Aggarwal, Managing Board Member and Chief Executive Officer of Lenzing AG, has informed the Supervisory Board of his decision to resign from his position due to personal reasons, effective 31 January 2026. To support a smooth transition, Mr. Aggarwal will remain with Lenzing AG as an advisor to the company until end of September 2026. The Supervisory Board expresses its appreciation for Mr. Aggarwal’s leadership and contributions during his tenure.

#Man-Made Fibers

Lenzing invests EUR 15 mn to strengthen position in the hygiene market

The Lenzing AG is investing approximately EUR 15 mn to expand its production capacity for premium viscose fibers at its site in Lenzing, Austria. This strategic investment is part of the recently announced investment program of EUR 100 mn in total to secure the long-term competitiveness of Lenzing’s Austrian production sites. The capacity expansion reinforces the company’s commitment to providing sustainable solutions to the global hygiene market. It also strengthens the company's role as a trusted provider of high-quality fibers for feminine care applications.

More News on Yarn & Fiber

#Yarns

Durak Tekstil to showcase its innovations for mattress industry at ISPA EXPO 2026

Durak Tekstil threads that meet the standards required for high-quality, long-lasting and comfortable products demanded by the mattress industry, while also offering new possibilities, will be exhibited at ISPA EXPO 2026. The fact that the fair is being held in the U.S.—one of Durak Tekstil’s key target markets—also carries great significance.

#Yarns

B.I.G. Yarns achieves EcoVadis Platinum Rating, ranking among top 1% of companies worldwide

B.I.G. Yarns, the carpet yarn brand of B.I.G. and a leading manufacturer of polyamide (PA), polypropylene (PP) and polyester (PET) yarns for contract, automotive, and high-end residential applications, has been awarded the EcoVadis Platinum Medal, placing the company among the top 1% of more than 130.000 companies assessed globally.

#Heimtextil 2026

Eastman Naia™ expands All-Night Comfort at Heimtextil 2026

New fill solutions and the debut of sleepwear highlight the versatility and performance of Naia™ Renew, its circular fiber, for home textile applications.

#Heimtextil 2026

Stability in volatile markets: Heimtextil 2026 launches with 3,000 exhibitors and design expertise from Patricia Urquiola

Heimtextil opens the new season with 3,000 exhibitors from 66 countries – maintaining stability while becoming even more international. The new hall layout increases visibility and connects supply and demand even more efficiently. At the opening, architect and designer Patricia Urquiola and Rosa Bertoli, Global Design Director of Wallpaper magazine, talk about AI, innovative materials and future-oriented design for modern living environments.

Latest News

#Functional Fabrics

“Action helps us change what we do!”

DAY 0 takes place deliberately before PERFORMANCE DAYS begins. It is conceived as a space for reflection, dialogue and active engagement — a moment to pause before the fair, rethink established systems and address sustainability not as a trend, but as a fundamental transformation challenge. Under the guiding metaphor “Turn the Tap Off”, DAY 0 focuses on root causes rather than symptoms, systemic change rather than isolated solutions, and collective responsibility rather than individual silos.

#Textiles & Apparel / Garment

Pets in fashion: functional and sustainable textiles find new market at Intertextile Apparel

China’s pet economy is booming, especially amongst younger generations, and pet apparel – from designer outfits to functional garments – was a RMB 3.5 billion (over USD 500 million) market in 2024, growing more than 20% annually¹. To help exhibitors harness this trend, Intertextile Shanghai Apparel Fabrics – Spring Edition 2026 will launch the Pet Boutique, presenting a range of innovative, sustainable materials that prioritise both functionality and comfort for pets.

#Sustainability

VAUDE eliminates PFAS from all products

PFAS (per- and polyfluoroalkyl substances) are now detectable worldwide – in drinking water, soil and the human body. These so-called “forever chemicals” are considered hazardous to health and potentially carcinogenic, as they do not break down and remain in the environment permanently. Despite these risks, PFAS are still used in a wide range of products. More than 15 years ago, VAUDE made a strategic decision to gradually eliminate PFAS from all product categories.

#Raw Materials

Better Cotton Initiative marks certification anniversary with progress update and accreditation

One year since becoming a certification scheme, the Better Cotton Initiative (BCI) has announced that more than 3,000 supply chain actors have been certified. At farm level, more than 30% of farms and producer units supplying BCI Cotton have received a positive audit outcome.

TOP