#Yarn & Fiber

2023-09-21

Lenzing with new outlook for 2023

Lenzing Group lowers its forecast for earnings development in the 2023 financial year.

The continued weak development of the markets relevant to Lenzing, coupled with very cautious market expectations in 2023, requires a reassessment of Lenzing AG’s macroeconomic environment.

Taking into account the current lack of market recovery, the previous earnings forecast is not expected to be achieved. The Lenzing Group is therefore adjusting its forecast for earnings development and is assuming EBITDA in a range of EUR 270 mn to EUR 330 mn for the 2023 financial year.

CEO Stephan Sielaff: “The recovery expected for the second half of the year in the markets relevant to us has not yet occurred. This makes the early measures we took all the more correct. We launched an ambitious cost reduction program back in November 2022, which delivered the expected results ahead of schedule. Building on this, we are implementing a holistic and consistent value creation program with a focus on measures to strengthen profitability and cash flow generation and to exploit the growth potential in the fiber markets through targeted sales activities.”

CFO Nico Reiner: “With this value creation program, we will powerfully overcome the current economic challenges and make Lenzing more resilient in difficult market situations in the future.”

The Lenzing Group will announce further details about the value creation program when it publishes its quarterly results on November 3, 2023.

Lenzing invests EUR 27 million in US facility to expand specialty fibers for nonwovens

The Lenzing Group is investing EUR 27 million (USD 31 million) to expand specialty fiber production capabilities at its lyocell fiber site in Mobile, Alabama, USA. The investment forms part of the company’s “Grow NW. Reset TX.” strategy and will strengthen its global Nonwovens business, with a particular focus on short-cut fibers and customized wood-based solutions for specialty applications.

Lenzing improves profitability as strategic transformation gains momentum

The Lenzing Group reported improved operating profitability in the first nine months of 2026 despite declining revenue and a challenging market environment. Revenue decreased by 2.3 percent to EUR 1.93 billion, while adjusted EBITDA remained stable at EUR 353 million. The adjusted EBITDA margin increased from 17.9 percent to 18.3 percent, reflecting progress in the company's strategic transformation under its “Grow Nonwovens. Reset Textiles.” strategy.

Lenzing and Kaihara to debut REMOD denim collection at Kingpins Amsterdam

The Lenzing Group, a global producer of wood-based fibers for the textile and nonwovens industries, has partnered with Japanese denim manufacturer Kaihara Corporation to launch the “REMOD Collection”. The collection combines three of Lenzing's fiber offerings for denim applications: TENCEL™ Lyocell Standard, TENCEL™ Lyocell – HV100 and TENCEL™ Lyocell dtex 2.2.

Kraig Biocraft Laboratories launches performance yarn development program based on spider silk

Kraig Biocraft Laboratories has launched a development program for high-performance yarns based on its recombinant spider silk technology. The initiative follows the company's first commercial shipment of a custom spider silk yarn to a performance apparel customer and includes the delivery of spider silk samples to a textile technology company with experience in aerospace-related material development.

Circ and Huafon partner to scale textile-to-textile recycling in China

Circ® and Huafon, a leading spandex producer in China, are partnering to build and scale a new multi-phase textile-to-textile recycling site in China, expanding Circ's global pathway to industrial scale. The project will be located within Huafon's industrial footprint and will use Circ's technology to process polycotton textile waste and recycle both inputs, recovering recycled PTA, recycled MEG and recycled cellulosic pulp for use in new textiles. The site will be developed in phases, with Phase 1 designed for approximately 200 metric tons of textile waste per day and additional capacity planned.

DORNIER highlights airbag, filtration and composite weaving technologies at ITMA ASIA 2026

Lindauer DORNIER will present its latest developments in air-jet and rapier weaving technology for technical textiles at ITMA ASIA + CITME 2026. The German machinery manufacturer will focus on the reliable and efficient production of airbag fabrics, high-density filters and reinforcement textiles for fibre-reinforced composites. Alongside its A2 air-jet and P2 rapier weaving machines, DORNIER will highlight its TRITOS FLEX technology for complex 3D composite preforms, retrofit solutions and expanded service capabilities in Asia. The company will exhibit in Hall 3, Stand E02.

Marks & Spencer expands across Asia Pacific through partnership with Global Fashion Group

Marks & Spencer (M&S) and Global Fashion Group (GFG) have announced a strategic partnership to expand the British retailer's fashion business across Asia Pacific. M&S has launched on Southeast Asian fashion platform ZALORA and plans to enter THE ICONIC in Australia and New Zealand in early 2027. The agreement also introduces regional fulfilment for Australian M&S.com orders, enabling faster deliveries and returns while supporting a capital-light international growth strategy.

Woolmark survey: 82% of consumers prefer natural fibres over synthetics

A new consumer survey commissioned by Woolmark and conducted by Ipsos across five major markets reveals a strong preference for natural fibres over synthetic alternatives. On average, 82% of respondents in the United States, France, Germany, Italy and China said they would choose natural fibres when price, style and fit are equal. The findings coincide with the launch of Woolmark's new global brand platform, “Return to Real”, which highlights the natural performance properties of Merino wool and the growing importance of verified fibre quality.

KARL MAYER introduces MULTIPLY BX for high-efficiency wind turbine reinforcement fabrics

KARL MAYER is expanding its composite machinery portfolio with the new MULTIPLY BX, a biaxial warp knitting machine specifically developed for the production of reinforcement textiles used in wind turbine rotor blades. Designed for high output and efficient material utilisation, the machine achieves production speeds of up to 500 m/h and offers a productivity increase of 20 to 25% compared with the established MAX GLASS ECO. The MULTIPLY BX will make its debut at the KARL MAYER (China) Product Show in Changzhou during ITMA ASIA 2026.