Log in
E-mail
Password
Show password
Remember
Forgot password ?
Become a member for free
Sign up
Sign up
New member
Sign up for FREE
New customer
Discover our services
Settings
Settings
Dynamic quotes 
OFFON
  1. Homepage
  2. Equities
  3. Austria
  4. Wiener Boerse
  5. Lenzing AG
  6. News
  7. Summary
    LNZ   AT0000644505

LENZING AG

(LNZ)
  Report
SummaryQuotesChartsNewsRatingsCalendarCompanyFinancialsConsensusRevisions 
SummaryMost relevantAll NewsOther languagesPress ReleasesOfficial PublicationsSector newsMarketScreener Strategies

VEOCEL™ brand launches industry's first Fiber Identification System to address growing demand for supply chain transparency in beauty industry

11/10/2021 | 07:29am EST

9 November 2021, Lenzing - Globally, strong growth is expected in the beauty segment, with the facial sheet mask market forecasted to reach USD14 billion by 20301. As consumers continue to look out for ways to lead a more sustainable lifestyle, the need for brands to provide product quality assurance and supply chain transparency is ever growing. To address the increasing need for transparency and traceability in materials used in beauty products, VEOCEL™ Beauty brand has launched the Fiber Identification System for LENZING™ Lyocell Skin, LENZING™ Lyocell Fine Skin and LENZING™ Lyocell Micro Skin fibers, which presents unparalleled traceability, quality assurance and trustworthy communication that genuine premium LENZING™ Lyocell Skin fiber types are used in facial sheet masks.

"In recent years we have been witnessing an evolution within the beauty industry, from merely focusing on the quality of nonwovens fabric, to ensuring authenticity and transparency of fiber materials used in facial sheet masks," said Jürgen Eizinger, Vice President of Global Nonwovens Business, Lenzing AG. "With the introduction of the Single-Use Plastics Directive in the European Union earlier this year, it is indeed a timely launch for our Fiber Identification System for VEOCEL™ Lyocell fibers. As brands become more aware of the importance of supply chain transparency and set it as a priority for their business model and reputation, we anticipate that the Fiber Identification System will play a key role for our VEOCEL™ Beauty brand in 2022 and beyond."

Premium fibers with a net-zero footprint

The Fiber Identification System is applicable to the skin fiber types under VEOCEL™ Beauty brand, which are ideal for use in facial sheet masks. Made in Austria, the fibers are of botanic origin, biodegradable and compostable. Nonwoven fabrics made of LENZING™ Lyocell Skin fiber types also feature Lenzing's patented Translucency technology which offer naturally smooth and more translucent facial sheet masks. In addition to the exquisite quality, LENZING™ Lyocell Skin fibers are also good for the environment as they are certified CarbonNeutral® products with a carbon footprint reduced to net-zero.

Identification of fibers in final products to combat counterfeit materials

The Fiber Identification System can identify fibers in the final products, providing quality control and authenticity assurance for brands against inferior counterfeit products. Products verified by the system also provide consumers with an added level of assurance and peace of mind that materials used in their beauty products are certified clean and made of genuine premium eco-friendly fibers.

"Around the globe, and especially in the Asia Pacific region, we have been hearing a lot about the usage of counterfeit materials in beauty product manufacturing sectors. Brands and consumers are also more cautious about negative health impacts of possible counterfeit materials used in their daily care products. With the launch of the Fiber Identification System, we are able to identify and verify usage of LENZING™ Lyocell skin fiber types, thus reinforcing the VEOCEL™ Beauty brand as a "label of trust" for the beauty sector. With such confidence on supply chain transparency, brands will be able focus their efforts on other aspects of the business, supporting brand expansions in the long run," added Steven Tsai, Senior Regional Commercial Director for Nonwovens Asia, Lenzing.

Disclaimer

Lenzing AG published this content on 10 November 2021 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 10 November 2021 12:27:32 UTC.


ę Publicnow 2021
All news about LENZING AG
01/26LENZING : TENCEL™ celebrates 30 years of sustainable fiber innovation
PU
2021LENZING : CDP, the gold standard of environmental reporting, names Lenzing as one of the m..
PU
2021AD-HOC : Lenzing Managing Board proposes dividend of EUR 4.35
PU
2021Lenzing AG Proposes Dividend for Financial Year 2021
CI
2021LENZING : NKK and Lenzing AG celebrate 25 years of separator paper production with LENZING..
PU
2021VEOCEL™ brand launches industry's first Fiber Identification System to address gr..
PU
2021Lenzing Aktiengesellschaft Reports Earnings Results for the Third Quarter and Nine Mont..
CI
2021Earnings more than doubled in first nine months of 2021
PU
2021LENZING AG : 3rd quarter results
CO
2021LENZING AG : 3rd quarter report
CO
More news
Financials
Sales 2021 2 148 M 2 393 M 2 393 M
Net income 2021 117 M 130 M 130 M
Net Debt 2021 1 111 M 1 238 M 1 238 M
P/E ratio 2021 25,0x
Yield 2021 3,95%
Capitalization 2 889 M 3 221 M 3 218 M
EV / Sales 2021 1,86x
EV / Sales 2022 1,65x
Nbr of Employees 7 831
Free-Float -
Chart LENZING AG
Duration : Period :
Lenzing AG Technical Analysis Chart | MarketScreener
Full-screen chart
Technical analysis trends LENZING AG
Short TermMid-TermLong Term
TrendsBearishNeutralNeutral
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus OUTPERFORM
Number of Analysts 5
Last Close Price 110,20 €
Average target price 124,08 €
Spread / Average Target 12,6%
EPS Revisions
Managers and Directors
Thomas Cord Prinzhorn Chief Executive Officer
Thomas Obendrauf Chief Financial Officer
Peter Edelmann Chairman-Supervisory Board
Helmut Bernkopf Member-Supervisory Board
Georg Liftinger Member-Supervisory Board
Sector and Competitors