#Yarn & Fiber

2024-07-04

Rohit Aggarwal new member of Management Board of Lenzing Group and designated CEO

The Supervisory Board of Lenzing Group, a leading supplier of regenerated cellulose fibers for the textile and nonwovens industries, has appointed Rohit Aggarwal as a new member of the Management Board of Lenzing Group. He will assume responsibility for the fiber division during the third quarter. After the departure of Stephan Sielaff, Aggarwal will take over the position of CEO of Lenzing Group.

Rohit Aggarwal is a strategic business economist and global leader in the industry with several decades of experience in leading positions in the textile and chemical industry. He has a sound understanding of the strategic development of international markets and the establishment of efficient management teams through global management positions in Europe, the USA and Asia. Thanks to his experience in the global textile and fiber market, he is well versed with Lenzing's core business in all its facets, both in terms of content and geography.

Stephan Sielaff, CEO of Lenzing Group, will leave the company at the latest when his contract expires at the end of March 2025 and devote himself to new tasks.

Cord Prinzhorn, Chairman of the Supervisory Board at Lenzing Group: “First and foremost, I would like to thank Stephan Sielaff, who steered the company through an extraordinarily challenging phase, marked by multiple crises, with a steady and tireless hand. With Rohit Aggarwal, we have gained an international leader with profound knowledge of the textile markets, from raw materials to the processing of environmentally friendly fibers. On behalf of the entire Supervisory Board, I am pleased that we have successfully appointed Rohit Aggarwal as a member of the Managing Board for the fiber division, and subsequently as Chief Executive Officer of the Lenzing Group.”

Stephan Sielaff: “The last, very eventful years have been characterized by incredible energy and change at Lenzing. These massive efforts and the resulting developments are just beginning to pay back. I am convinced that they have laid the foundation for an outstanding future for Lenzing. It fills me with pride and gratitude to have played my part in a fantastic company with great employees.”

“I am very much looking forward to the new role and the opportunity to strengthen Lenzing as a leading player in the sustainable fiber industry in the coming years. Building on the strong foundation already in place, it is my privilege to be working alongside the team at Lenzing to further expand the business and grow its iconic brands to their full potential,” says Rohit Aggarwal, Member of the Management Board and designated CEO of the Lenzing Group.

Lenzing AG announces new leadership and establishment of Executive Committee

Lenzing AG announced that Rohit Aggarwal, Managing Board Member and Chief Executive Officer of Lenzing AG, has informed the Supervisory Board of his decision to resign from his position due to personal reasons, effective 31 January 2026. To support a smooth transition, Mr. Aggarwal will remain with Lenzing AG as an advisor to the company until end of September 2026. The Supervisory Board expresses its appreciation for Mr. Aggarwal’s leadership and contributions during his tenure.

Lenzing invests EUR 15 mn to strengthen position in the hygiene market

The Lenzing AG is investing approximately EUR 15 mn to expand its production capacity for premium viscose fibers at its site in Lenzing, Austria. This strategic investment is part of the recently announced investment program of EUR 100 mn in total to secure the long-term competitiveness of Lenzing’s Austrian production sites. The capacity expansion reinforces the company’s commitment to providing sustainable solutions to the global hygiene market. It also strengthens the company's role as a trusted provider of high-quality fibers for feminine care applications.

Lenzing AG: Stable revenue and improved EBITDA despite market headwinds

In the first nine months of 2025, Lenzing AG recorded revenue growth and higher EBITDA, but a market-driven volatile third quarter. This performance reflects the effects of ongoing market volatility, tariffs and geopolitical uncertainties. Nevertheless, the medium to long-term outlook remains positive.

Lenzing confirmed as global leader in Canopy sustainability ranking

Lenzing AG has once again taken first place in this year's Hot Button Report published by the Canadian non-profit organization Canopy. With 34.5 out of 40 points and no known risk of sourcing from ancient and endangered forests, Lenzing remains one of the most sustainable companies in regenerated cellulose fiber production – setting a benchmark for responsible business practices in the textile and nonwovens industries.

Durak Tekstil enters 2026 with positive momentum, strengthens its global market focus

Durak Tekstil, maintaining its profitability and turnover levels in 2025 compared to the previous year, prioritizes growth through its export-oriented sales strategy. Increasing both its capacity and utilization rate, the company anticipates further gains in 2026 through expansion in global markets.

Vandewiele Group: Innovation across the textile value chain at ICFE Istanbul 2026

At the 2026 Istanbul Carpet & Flooring Expo (ICFE), Vandewiele Group presents its latest advancements spanning the entire textile value chain. From spinning and weaving to tufting, carpet manufacturing and digital finishing, the Group demonstrates how integrated innovation can boost performance, efficiency and sustainability across all stages of production. As a global technology leader, Vandewiele continues to develop solutions that strengthen processes, enhance product quality and enable smarter, greener manufacturing.

CARBIOS and Wankai sign strategic PET biorecycling pact

CARBIOS (Euronext Growth Paris: ALCRB) and Wankai New Materials (“Wankai”), a listed subsidiary of Zhink Group, the 3rd largest PET producer in China and 4th worldwide, announce the signing of the definitive agreement establishing a strategic partnership for the industrial rollout of CARBIOS’s PET biorecycling technology in Asia. The first milestone will be the construction of a PET biorecycling plant in China.

Global textile expertise meets high-end contract design: Heimtextil and Hospitality Interiors Europe announce partnership starting 2027

Heimtextil further expands its role as the global leading trade fair for home and contract textiles and textile design – and starts a new partnership with the format Hospitality Interiors Europe (HINT). With the launch, a complementary event will take place alongside Heimtextil 2027, targeting decision-makers from the hotel and high-end hospitality design sector. Both platforms combine their strengths, create tangible synergies for exhibitors and visitors – and expand the holistic interior design offering for architecture, interior design, hospitality and the contract sector. Hospitality Interiors Europe already presents itself at Heimtextil 2026 with its own dedicated lounge area.

Tunicotex Group boosts OTDP to 85%, cuts planning time by 25% & expands production capacity by 40%

Coats Digital is delighted to announce that following the implementation of FastReactPlan, leading Tunisian premium knitwear manufacturer, Tunicotex Group, has significantly improved its on-time delivery performance from 75% to 85%, reduced planning time by 25%, minimised delays and penalty costs, and unlocked 40% additional capacity to take on more customer orders and support sustained business growth.