EQS-News: Lenzing AG
/ Key word(s): Sustainability/Alliance
Lenzing and Södra win ITMF Award for their pioneering cooperation in textile recycling
Lenzing/Växjö/Keqiao – The Lenzing Group, the world’s leading supplier of specialty fibers for the textile and nonwovens industries, and the Swedish pulp producer Södra have received the ITMF Award 2023 in the category “International Cooperation” for their joint achievements in textile recycling and circular economy. The award was presented at the ITMF Annual Conference in Keqiao, China, on November 06, 2023. The ITMF Award 2023 is given by the International Textile Manufacturers Federation (ITMF) to recognize outstanding achievements and merits in the textile sector in two categories: ”Sustainability & Innovation“ and ”International Cooperation“. Since 2021, the two pioneers have been joining forces in textile recycling, making a decisive contribution to promoting the circular economy in the fashion industry. As part of the cooperation, the companies intend to share their knowledge with each other and jointly develop processes to enable the wider use of cellulose-based used textiles on a commercial scale. “We are very proud to have won this prestigious award together with our partner Södra. I see this as recognition for our joint work, but also as a mandate to continue working on our vision of creating a circular economy for textiles and reducing the negative impact of the textile industry on the environment,” says Stephan Sielaff, CEO of the Lenzing Group. The OnceMore® pulp from Södra, which was jointly developed further by Södra and Lenzing, is subsequently used, among other things, as a raw material for the production of Lenzing fibers with REFIBRA™ technology. The OnceMore® process makes it possible to process and recycle a blend of cotton and polyester.
“This award is proof of our successful collaboration with Lenzing and our shared ability to develop innovative solutions for a more sustainable future. We look forward to further advancing our collaboration and bringing about real change in the textile industry,” said Lotta Lyrå, President and CEO of Södra. ITMF paid particular tribute to the joint LIFE TREATS project (Textile Recycling in Europe AT Scale)[1],which was supported by an EU grant of EUR 10m under the LIFE 2022[2] program and aims to build a large-scale plant at Södra's Mörrum site in Sweden.
“The unique across-the-border and long-term cooperation between Lenzing and Södra is a true role model and important for the circular economy transition in the textile industry. A goal that can only be reached by extensive cooperation among the value chain actors,” says Christian Schindler, ITMF Director General.
For more information on the ITMF Awards 2023, visit the ITMF website.
Photo download: https://mediadb.lenzing.com/pinaccess/showpin.do?pinCode=NkfgywunUOQc
Disclaimer
[1] Project 101113614 — LIFE22-ENV-SE-TREATS [2] https://cinea.ec.europa.eu/programmes/life_en
06.11.2023 CET/CEST This Corporate News was distributed by EQS Group AG. www.eqs.com |
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: | 1765273 |
End of News | EQS News Service |
|
1765273 06.11.2023 CET/CEST
The information presented here has been provided by our content partner EQS-Group. The originator of the news is the respective issuer, the company relating to the news, a publication service provider (press or information agency) which uses the distribution service of EQS to transmit company news to shareholders, investors, investors or interested parties. The original publications and other company-relevant information can be found at eqs-news.com.
The information you can access does not constitute investment advice. The presentation of our cooperation partners, where the implementation of investment decisions would be possible depending on the individual risk profile, is solely at the discretion of the person using the service. We only present companies of which we are convinced that the range of services and customer service will satisfy discerning investors.
If you are considering leverage products, familiarise yourself with the typical characteristics of the financial instruments beforehand. Take the time to determine the risk content of the planned investment before making an investment decision. Bear in mind that a total loss cannot be ruled out with leverage products.
For newcomers to the subject, we offer various options in both the training and the tools section, through which you can train theoretical knowledge and practical experience and thus improve your skills. The offer ranges from participation in webinars to personal mentoring. The range is continuously being expanded.
1 Lab features are usually functionalities that emerge from the think tank of the investor community. In the early stages, these are experimental functionalities whose development process is largely determined by use and the resulting feedback from the community. When integrating external services or functionalities, the functionality can only be guaranteed to the extent that the individual process elements, such as interfaces, interact with each other.