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Lenzing AG Gets Patent for Cellulose Filament Process

Lenzing updates its climate targets in line with Paris Agreement goals, aiming to become net-zero by 2050; new plans are confirmed by Science Based Targets Initiative, include a 42% reduction in direct emissions and a 25% cut in indirect emissions by 2030

US Patent Issued to Lenzing on Feb. 13 for "Cellulose filament process" (Austrian, Chinese Inventors)

US Patent Issued to LENZING on Feb. 13 for "Solvent-spun cellulosic fiber" (Austrian Inventors)

Deutsche Bank maintains Lenzing's hold rating and cuts target by €8 to €37 amid recent €480M write-down and high cost pressures, despite fiscal 2023 preliminary figures exceeding estimates; significant loss per share expected for current fiscal year

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