The restructuring events database contains factsheets with data on large-scale restructuring events reported in the principal national media and company websites in each EU Member State. This database was created in 2002.
Manufacturing Manufacture Of Wood And Paper Materials Manufacture Of Paper And Paper Products 17.1 - Manufacture of pulp, paper and paperboard
100 jobs Number of planned job creations
Announcement Date
13 December 2010
Employment effect (start)
Foreseen end date
31 December 2015
Description
Lenzing, the world market leader in man-made cellulose fibres, will build a new plant in its headquarters in Upper Austria, thus generating 100 additional jobs.
Within the next five years, the Lenzing Group plans to invest up to EUR 1.5 billion in company expansion. EUR 130 million will be used to build a new plant in Lenzing, Upper Austria. At the new plant, the eco-friendly fiber Lyocell will be produced, which will enter the market with a brand name Tencel.
Sources
13 December 2010: Die Presse
Citation
Eurofound (2010), Lenzing, Business expansion in Austria, factsheet number 71313, European Restructuring Monitor. Dublin, https://restructuringeventsprod.azurewebsites.net/restructuring-events/detail/71313.
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