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Lenzing completes €300m raise to support textile reset

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Company will use the proceeds to strengthen its finances, refocus textiles on premium segments and expand nonwovens

Lenzing

Lenzing – Cellulosic fibre manufacturer Lenzing has completed a capital increase raising approximately €301.2 million in gross proceeds to support its “Grow Nonwovens, Reset Textiles” strategy.

The Austria-based firm announced the completion on 21 October, with the funding intended to strengthen its capital structure and finance its business transformation.

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