Bloomberg News

Lenzing Earmarks 1.5 Billion Euros for Global Investment by 2015

May 25, 2012

Lenzing AG (LNZ), an Austrian maker of cellulose fibers, said it has devoted 1.5 billion euros ($1.89 billion) toward global investments, with a focus on Asian countries. A report in Turkish newspaper Vatan on May 17, which said the company will allocate most the planned investment to Turkey, is not accurate, and no decision has been made regarding spending plans for Turkey, a company spokesman said.

To contact the reporter on this story: Benedikt Kammel in Berlin at bkammel@bloomberg.net

To contact the editor responsible for this story: Benedikt Kammel at bkammel@bloomberg.net


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