Lenzing – Lenzing Group, the world market leader in specialty cellulosic fibers and Duratex, the largest producer of industrialised wood panels of the Southern Hemisphere, have agreed on the terms and conditions to form a joint venture to build the largest single line dissolving wood pulp (DWP) plant in Minas Gerais, Brazil. This decision supports the backward integration and the growth in specialty fibers, defined in Lenzing’s corporate strategy sCore TEN.
Lenzing will hold 51 per cent in this joint venture which involves the construction of the largest single line dissolving wood pulp plant in the world. The plant will house FSC® certified plantation ON 43,000 hectare. The joint venture has started the basic engineering and permitting process. The decision on final investment in the plant will be taken after assessing the outcome of the basic engineering in 2019.
