Lenzing Snapshot
Lenzing AG manufactures cellulose fibers made from beech wood. The company produces about 525,000 tons of textile fibers and nonwoven fibers every year. Its fibers are sold to the textile industry for use in apparel, upholstery, fire hoses, and US military uniforms. Nonwoven fibers are used to make cleaning pads, and wound care and feminine products. Lenzing's plastics division makes thermoplastics, PTFE fibers (Teflon), polymer fibers such as acrylic, and carbon fibers. The company traces its roots back to 1892 as a paper mill in Lenzing, Austria. Lenzing is 85% owned by B&C Holding.