PRACHINBURI, THAILAND: Lenzing AG said that it plans to build a state-of-the-art facility to produce lyocell fibres in Prachinburi, Thailand. The company aims to significantly increase its share of speciality fibres as a proportion of total revenue. Following the expansion drive already underway in Lenzing and Heiligenkreuz (both in Austria), Grimsby (Great Britain) and Mobile, Alabama (US). For this purpose, Lenzing is establishing a subsidiary in Thailand and purchasing a commercial property in Industrial Park 304 located in Prachinburi near Bangkok. A definitive decision on constructing the new production plant will be made in the first quarter of 2018. Completion is scheduled for the end of 2020. Read more.