Related Keywords: Duratex, global textile industry, Lenzing Group, Specialty cellulosic fibres, strong organic growth, sustainable and competitive raw material base, sustainable forestry management, wood and pulp sourcing policy, wood pulp plant
Lenzing will hold 51% of the joint venture which will operate the mill, while Duratex’s share will be 49%. The estimated cash investment by the joint venture for the construction of the DWP mill is expected to be around above US$ 1 billion. The joint venture will supply the entire volume of dissolving wood pulp to the Lenzing Group. This step is an important landmark in the group’s ambition to grow its specialty fibres business.
