Lenzing Takes Majority Stake in TreeToTextile [Yahoo! Finance]
STORA ENSO OYJ ADR R SH (SEOAY)
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Source: Yahoo! Finance
“TreeToTextile is among the world's most advanced next-generation fiber technologies and represents the most promising development on the market,” said Georg Kasperkovitz , chief operating officer of Lenzing Group. “Since our initial investment in 2025, the collaboration between the innovative TreeToTextile team and Lenzing's fiber experts has enabled significant technological progress.” More from Sourcing Journal Lenzing Talks Series Continues to Bring Together the Textile Value Chain Rohit Aggarwal Exits Lenzing; Interim Board to Lead Swedish Forestry Firm Södra Axes 200 Redundant Roles When Lenzing announced its minority stake in October 2024, the Austrian group joined the ranks of TreeToTextile's other shareholders—retailers H&M and Ikea , pulp manufacturer Stora Enso and family-owned investment firm LSCS Invest ; all of which were “united” by the belief that sustainably produced fibers have the power to “change the textile industry to the better.” Subject to regulato
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