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PRESS RELEASE: Lenzing AG / Lenzing invests in state-of-the-art wastewater treatment at Grimsby site

| Quelle: Dow Jones Newswire Web
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Corporate news transmitted by euro adhoc with the aim of a Europe-wide
distribution. The issuer is responsible for the content of this announcement.

Strategic Management Decisions

-

* Another milestone on the path to targeted reduction of wastewater emissions
* All production facilities operate in line with the Lenzing Group's high
standards
* Full utilization of production capacity possible at the site
* New EU environmental requirements will be fully and promptly satisfied
starting in 2024

Lenzing - The Lenzing Group, a world-leading provider of wood-based specialty
fibers for the textile and nonwoven industries, is investing GBP 20 mn (equal to
EUR 23.3 mn) to build a new, state-of-the-art wastewater treatment plant at its
site in Grimsby, United Kingdom. The investment is part of the company's plans
to reduce wastewater emissions by 2022.

Once it has implemented this project, Lenzing will have biological wastewater
treatment plants that meet the best available techniques (BAT) quality standard
at all its production sites. The plant design, which will employ a new
technology developed as part of a research project, is fully aligned with the UK
regulator and supported by the local authorities. "This is a huge step forward
in delivering the overall Lenzing strategic goals and a milestone in our long-
term plan to give the Grimsby site a solid platform for sustainable growth",
says Phil Munson, Director Operations Lyocell Grimsby at Lenzing.

The site's current wastewater situation complies fully with the EU Water
Framework Directive as well as all local laws and regulations. The investment
has been approved by the Supervisory Board, ensuring that construction can start
this year and the plant will be commissioned well before the UK-ratified EU
directive[1] [#_ftn1] goes into effect. This will be the largest investment
since opening this lyocell site, which manufactures premium products for
technical and innovative market segments, among other things.

Zwtl.: Responsible water use

After modernizing the wastewater treatment plant at the company's Purwakarta
site in Indonesia, the construction of the new plant in Grimsby marks another
big step toward reducing the Group's wastewater emissions 20 percent by 2022
(against a 2014 baseline). Responsible water use is one of the core elements of
Lenzing's "Naturally positive" sustainability strategy and is largely executed
by using water efficiently in manufacturing and employing state-of-the-art water
treatment technologies.

"Lenzing has set itself concrete sustainability targets for the most important
challenges in every one of its strategic core areas, and we are pursuing them in
a very disciplined fashion", says Stefan Doboczky, Chief Executive Officer of
the Lenzing Group. "Lenzing has demonstrated quite impressively with this
project that financial performance and corporate citizenship are not mutually
exclusive but unlock synergies instead."

Photo download [https://mediadb.lenzing.com/pinaccess/
showpin.do?pinCode=qETMx3I1M5G3]
PIN: qETMx3I1M5G3

[1] [#_ftnref1] Best Available Techniques (BAT) Reference Document for Waste
treatment Industrial Emissions Directive 2010/75/EU (Integrated Pollution
Prevention and Control)



Further inquiry note:
Dominic Köfner
Vice President Corporate Communications & Public Affairs
Lenzing AG
Phone: +43 7672 701 2743
E-mail: media@lenzing.com

end of announcement euro adhoc




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(END) Dow Jones Newswires

July 26, 2021 02:30 ET (06:30 GMT)
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