Lenzing (OTC:LNZNF) Stock, Quote.Headers.trade-ideas

Lenzing AG manufactures and sells wood-based cellulose fibers and other chemical-based products. The company's segment includes The Division Fiber produces all three generations of wood-based cellulosic fibers and markets them under the product brands TENCEL, VEOCEL, LENZING ECOVERO, and LENZING. the products made from lyocell, modal, and viscose fibers are used for the production of textiles as well as nonwovens and special applications, The Division Pulp produces and procures dissolving pulp for fiber production. The pulp is used for the company's own cellulosic fiber production and marketed externally, and Others include central headquarters functions. It derives a majority of its revenue from the Division fiber segment.

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LNZNF

Suzano S.A. (NYSE: SUZ) announced that it acquired a 15% stake in Lenzing (OTC: LNZNF) from its current majority stakeholder, B&amp;C Group. This move will help Suzano gain proximity to new markets.


Suzano Buys 15% Stake in Lenzing to Boost Market Presence

Lenzing AG

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Lenzing

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