Austrian fibre maker Lenzing (Lenzing; www.lenzing.com) has modified its corporate strategy. While the Austrian company intends to continue focusing on fibres – including polypropylene fibres – for textiles and nonwovens, it wants to push ahead with the changeover from a linear to a circular model partially through the expansion of sustainable energy sources.

As this strategy also needs to be financially worthwhile, Lenzing is aiming to post EBITDA of more than EUR 1 bn in 2027 and a return on capital employed of at least 12%. Last year, the group reported EBITDA of EUR 363 mn on sales of EUR 2.19 bn. To keep the shareholders happy, the goal is also to provide a dividend of at least EUR 4.50 per share from 2023.