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Lenzing signs JV to produce cellulose in Brazil.

A joint venture agreement was entered by Brazilian producer Industria Klabin de Papel e Celulose and Austrian fiber producer Lenzing for the production of cellulose to obtain rayon fiber. Together the two companies will invest $125 million to make the current facility, Petrochemical Pole, Camacari, Brazil, operable.

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
Publication:Nonwovens Industry
Article Type:Brief Article
Date:Oct 1, 1992
Words:162
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