STOCKHOLM, Oct. 7, 2024 /PRNewswire/ — Austrian Lenzing Crew invests in Swedish fiber corporate TreeToTextile to boost up construction of a untouched renewable and useful resource proficient cellulose fiber for textile and nonwoven packages. The fiber targets to exchange a part of the tale fiber marketplace and backup the trade let fall its environmental footprint considerably1.
- We’re each proud and excited to have the chief international cellulose fiber manufacturer tied us on our proceed to manufacture renewable and resource-efficient fibers with low environmental affect. Scaling innovation calls for hour and information, and we’re lucky to have the sturdy help from our tide homeowners H&M Crew, Inter IKEA Crew, Stora Enso and LSCS Make investments. Now with the extra experience and sustainability management of our untouched shareholder Lenzing Crew, our pace to marketplace will building up considerably, to achieve our determined objectives and grow to be an impressive participant within the textile trade, feedback Dr. Roxana Barbieru, CEO of TreeToTextile.
Ever since TreeToTextile AB was once established in 2014 by means of the Swedish entrepreneur Lars Stigsson, TreeToTextile’s challenge has been to form and commercialize a untouched, renewable and useful resource proficient cellulose fiber, that now not simplest minimizes environmental affect by means of decreasing chemical utility and retaining H2O and effort, but additionally sticks out available in the market with its cost-effectiveness and enhanced fiber homes. The improvement of the fiber has been supported by means of its homeowners and strategic companions, H&M Crew, Inter IKEA Crew, Stora Enso and LSCS Make investments. To boost up the subsequent segment of the corporate, Lenzing Crew is becoming a member of with greater than 85 years of enjoy in scaling untouched fiber applied sciences.
The Lenzing Crew has a earnings of 2.52 bn EUR, roughly 8,000 workers and manufacturing websites and gross sales illustration in additional than ten nations. Their nominal fiber manufacturing capability is 1,110,000 heaps and are at the back of the prominent emblems of TENCEL™, LENZING™ ECOVERO™, VEOCEL™ and REFIBRA™.
- We’re enthusiastic about TreeToTextile’s award-winning generation and manufacturing procedure, which additional reduces environmental affect, promotes the transition to a extra sustainable while and is totally in form with our company technique, says Rohit Aggarwal, CEO of the Lenzing Crew. This partnership is a vital funding and an indication of Lenzing’s relentless constancy to innovation by means of combining the facility of its personal innovation engine with a powerful strategic cooperation manner. We stay up for contributing our experience to TreeToTextile’s challenge, he concludes.
TreeToTextile was once established in 2014 by means of Swedish entrepreneur Lars Stigsson, H&M Crew and Inter IKEA Crew, with the target to form and commercialize a extra sustainable procedure for man-made cellulosic fiber. In 2016, the primary fiber-volumes have been produced and in 2017 an preliminary evidence of idea was once evolved. Stora Enso joined in 2019, and in 2021, the announcement of the established order of a Demo plant at Stora Enso’s former premises in Nymölla, was once communicated. The funding has been supported by means of the Swedish Power Company and the Demo plant was once inaugurated in 2023. In June 2024, the primary bale of fiber was once produced within the Demo plant, adopted by means of steady sturdy construction within the other procedure steps.
The promise is pending merger regulate and regulatory goodwill from related government.
Touch for community family members TreeToTextile:
Nina Ekstrand, Head of Advertising & Conversation, +46-76 110 67 12, [email protected], www.treetotextile.com
Touch for community family members Lenzing Crew:
Dominic Köfner, Vice President Company Communications & People Affairs, +43 7672 701 2743, [email protected], www.lenzing.com
About TreeToTextile AB
Swedish-based TreeToTextile is using certain trade within the textile trade, by means of offering higher fibers to occupied with a resilient planet. Supported by means of the sturdy homeowners H&M Crew, Inter IKEA Crew, Stora Enso, and LSCS Make investments, TreeToTextile develops a untouched cutting edge cellulose fiber generation, to serve a renewable and useful resource proficient fiber with a low environmental affect. The fiber has the possible to enrich or substitute a part of the tale, viscose and polyester markets.
Key info & figures TreeToTextile
Era of established order: 2014
Flow homeowners: H&M Crew, Inter IKEA Crew, Stora Enso, LSCS Make investments
Collection of workers: 46
Flow amenities: HQ in Stockholm, Demo plant in Nymölla, Sweden, R&D Heart in Mölndal, Gothenburg, Registered logo names: TreeToTextile™ (with image), Nyense™ (for textile packages), Nyvado™ (for nonwoven packages)
In regards to the Lenzing Crew
The Lenzing Crew stands for eco-responsible manufacturing of distinctiveness fibers in keeping with cellulose and recycled subject material. As an innovation chief, Lenzing is a spouse of worldwide textile and nonwoven producers and drives many untouched technological trends. The Lenzing Crew’s high quality fibers method the foundation for plenty of textile packages starting from useful, relaxed and trendy clothes to sturdy and sustainable house textiles. Because of their particular homes and their botanical beginning, the TÜV qualified biodegradable and compostable Lenzing fibers also are extremely appropriate for on a regular basis hygiene merchandise.
The industry type of the Lenzing Crew is going some distance past that of a standard fiber manufacturer. At the side of its consumers and companions, Lenzing develops cutting edge merchandise alongside the price chain, developing added price for customers. The Lenzing Crew strives for the proficient usage and processing of all uncooked fabrics and trade in answers to backup become the textile trade from the tide symmetrical financial device in opposition to a round financial system. To deliver to let fall the velocity of worldwide warming and thus additionally help the goals of the Paris Promise and the EU Fee’s “Green Deal”, Lenzing has evolved a unclouded science-based shape motion plan that targets to seriously let fall greenhouse fuel emissions by means of 2030 and a net-zero function (scope 1, 2 and three) by means of 2050.
Key Details & Figures Lenzing Crew 2023
Earnings: EUR 2.52 bn
Nominal capability: 1,110,000 heaps
Workers (FTE): 7,917
TENCEL™, LENZING™ ECOVERO™, VEOCEL™ and REFIBRA™ are emblems of Lenzing AG.
1 The TreeToTextile fiber is renewable and has low CO2 emissions: 0.6 kg CO2 eq/kg fiber*, contributing to the preserve of CO2 emissions of the textile trade. (*In accordance with LCA document (2020), 3rd birthday celebration verified (2021), simulated from lab scale, manufacturing unit to manufacturing unit gate of staple fibers)
This data was once delivered to you by means of Cision http://news.cision.com
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SOURCE TreeToTextile AB
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