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LENZING AG TO SET UP FIBER PLANT IN SHANGHAI IN 2004


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03-26-2004

Lenzing AG to Set Up Fiber Plant in Shanghai in 2004

SHANGHAI, Mar 26, 2004 (SinoCast via COMTEX) -- Austria-based Lenzing AG established a trading subsidiary in Shanghai that was in the charge of building a fiber production line with annual output of 40,000 tons in Shanghai within this year.

The subsidiary is named Lenzing Fiber Shanghai Company and was formally operational on March 22, 2004. However, Lenzing Fiber Shanghai started trial operation as early as in November 2003.

Lenzing AG said that the company wo

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