June 29, 2017 / 9:11 AM / a month ago

BRIEF-Lenzing to build new plant in Thailand

1 Min Read

June 29 (Reuters) - Lenzing Ag

* Lenzing CEO says cost of Thailand plant will be slightly higher than the $293 million (not $203 million) investment in alabama, us

* Lenzing plans construction of a state-of-the-art lycocell fiber production plant in Prachinburi (Thailand) by end of 2020

* Next steps: finalizing of approvals and technical planning

* A definitive decision on constructing of new production plant will be made in Q1 of 2018

* Planned production facility will feature a capacity of up to 100,000 tons annually Source text for Eikon: Further company coverage:

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