Lenzing Weighs Heiligenkreuz Bids Against a EUR 27 Million Nonwovens Bet in Alabama
Published on 11/14/2026 at 19:40 | Editorial boerse-global.de
Lenzing is running two clocks at once. One is counting down to a year-end deadline for a possible sale of its Heiligenkreuz plant; the other is ticking on a USD-side expansion that the Austrian fibre maker hopes will deepen its grip on the nonwovens supply chain.
The company confirmed on Thursday that it will sink EUR 27 million into specialty fibre capacity at its Mobile, Alabama site, with the money aimed squarely at lyocell staple fibres destined for nonwoven applications. That cheque is the larger half of a EUR 50 million nonwovens investment programme, which also folds in the previously announced EUR 23 million earmarked for the Lenzing site in Austria.
Nine-Month Figures and the Full-Year Guide
The Alabama announcement landed alongside the group's nine-month scorecard for 2026. Revenue for the January-to-September period came in at EUR 1.93 billion, while adjusted EBITDA — earnings before interest, taxes, depreciation and amortisation, stripped of one-off items — reached EUR 353.0 million.
Should investors sell immediately? Or is it worth buying Lenzing?
Management's guidance for the full year, issued on 5 November together with the results, points to adjusted EBITDA of between EUR 430 million and EUR 460 million.
Deutsche Bank, for its part, keeps Lenzing on a "Hold" rating in its recommendation history, a stance it reaffirmed after the nine-month update.
Heiligenkreuz: Bidders at the Gate, Closure in Reserve
At the other end of the portfolio sits Heiligenkreuz. Lenzing is reviewing several non-binding purchase offers for the site, according to a report in Der Standard on Thursday. The company wants clarity on a sale solution by the end of 2026. Should no buyer emerge, the fallback is a shutdown at the end of the first quarter of 2027.
The two strands — a fresh bet on US nonwovens and a possible exit from an Austrian plant — sketch out a group reshuffling where its capital goes, even as the headline earnings picture holds steady within its guided range.
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