TreeToTextile news and archive

Lenzing returns to profitability in Q1 2026 after three negative quarters

Austrian fiber producer Lenzing has reported a positive net result for the first quarter of 2026. This marks a financial recovery for the group following three consecutive negative quarters throughout 2025. The group achieved a net profit of 24 million euros (28.24 million dollars) for the period ending March 31, 2026. While this figure is lower...

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Lenzing acquires majority stake in TreeToTextile

Austrian fibre manufacturer Lenzing AG (Lenzing) is set to acquire a majority stake in the Swedish company TreeToTextile AB. In a statement, the group described the planned acquisition as a “further strategic milestone”. The company, founded in 2014, represents “the next major technological breakthrough in cellulosic fibre production”. Lenzing...

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Lenzing snaps up minority share in cellulosic fibre producer TreeToTextile

Cellulose fibre supplier Lenzing Group has acquired a minority share in producer TreeToTextile AB. It joins the likes of existing shareholders H&M Group, Inter Ikea Group and Stora Enso to back the Swedish firm. Like Lenzing, TreeToTextile’s interests also lie in the production of cellulosic fibre, with the company having been initially...