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Lenzing AG / Lenzing Opens New Application Innovation Center in Hong Kong

Published: September 12, 2017; 04:55 · (FriedlNews)

The Lenzing Group is setting a further milestone in intensifying its cooperation with the partners along the value chain by its opening of a new Application Innovation Center (AIC) in Hong Kong. New applications for Lenzing fibers will be developed and tested at the new facility, among them applications for recent innovations like the RefibraTM branded lyocell fiber and the EcoVeroTM branded viscose fiber.

Corporate news transmitted by euro adhoc with the aim of a Europewide distribution. The issuer is responsible for the content of this announcement.

Strategic Management Decisions/Company Information

Hongkong/Lenzing - Highlights

* New state-of-the-art fiber and fabric testing center
* Development of new applications on site
* Expansion of cooperation with partners along the value chain in Asia

The Lenzing Group is setting a further milestone in intensifying its
cooperation with the partners along the value chain by its opening of a new
Application Innovation Center (AIC) in Hong Kong. New applications for Lenzing
fibers will be developed and tested at the new facility, among them
applications for recent innovations like the RefibraTM branded lyocell fiber
and the EcoVeroTM branded viscose fiber.

"With this new center Lenzing is further implementing its corporate strategy
sCore TEN. One of the cornerstones of this strategy is enhancing the level of
customer intimacy. The proximity to important Asian customers and partners
along the value chain creates a new dimension in our service offering", says
Robert van de Kerkhof, Chief Commercial Officer of the Lenzing Group. "We can
react more quickly to current trends and handle a broad spectrum of aspects on
location relating to the application with our full range of fibers as well as
unique fiber blends in collaboration with our supply chain partners. Herewith
we can develop highly aesthetic, emotional and functional products around the
world", van de Kerkhof adds.

"This new Application Innovation Center is an integral part of our global
technology network, from our R&D department and fiber processing laboratory in
Lenzing to our fiber testing facility in Indonesia", states Heiko Arnold, Chief
Technology Officer of the Lenzing Group. Accordingly, Lenzing is underlining
its global innovation leadership. "Lenzing's research and development
expenditures amounting to EUR 46.4 mn in the last financial year are among the
highest within the peer-group internationally. The bottom line is that these
investments benefit our customers, because they can optimally differentiate
themselves from the competition by using innovative Lenzing products", Arnold
adds.

"In this cross-learning center for Lenzing and our partners new applications
will be tested for commercializing fiber innovations. This will contribute to
Lenzing's ability to even more quickly and effectively transfer its innovative
strength to our customers", Eric Chan, General Manager of Lenzing Fibers
Hongkong says. "Moreover, the new AIC also enables prototype production of
textile fabrics made of Lenzing fibers, from the concept, dyeing and finishing
to the precise measurement of all product data", he adds.

The Lenzing Application Innovation Center starts its operation as of now and is
open for visitors from the whole industry.

Photo download: https://mediadb.lenzing.com/pindownload/login.do?pin=5NQAU
[https:// mediadb.lenzing.com/pindownload/login.do?pin=5NQAU]

PIN: 5NQAU
Further inquiry note:
Lenzing AG
Mag. Waltraud Kaserer

Vice President Corporate Communications & Investor Relations

Tel.: +43 (0) 7672 701-2713
mailto:w.kaserer@lenzing.com

end of announcement euro adhoc
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issuer: Lenzing AG

A-A-4860 Lenzing
phone: +43 7672-701-0
FAX: +43 7672-96301
mail: office@lenzing.com
WWW: http://www.lenzing.com
ISIN: AT0000644505
indexes: ATX, WBI
stockmarkets: Wien
language: English

Digital press kit: http://www.ots.at/pressemappe/1597/aom

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