Lenzing signs JV to produce cellulose in Brazil.
As part of the agreement, Lenzing will purchase 50% of total production, with the remainder sold on the Brazilian local market or exported. The start-up is scheduled for July, 1993, with annual production of nearly 100 tons of cellulose for rayon fiber manufacture as the target.
In other Lenzing news, with its purchase of BASF's Lowland, TN rayon operation complete, the company is preparing to invest $40 million in the facility over the next three to four years. The investment is aimed at increasing capacity 25% to 60,000 metric tons annually and at improving the plant's environmental performance. Lenzing also recently finished doubling its Indonesian rayon capacity to 70,000 metric tons per year.
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|Title Annotation:||joint venture production agreement with Lenzing AG and Industria Klabin de Papel e Celulose|
|Article Type:||Brief Article|
|Date:||Oct 1, 1992|
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