Lenzing Plans to Put Most Investment Into Turkey, Vatan Reports

Lenzing AG (LNZ), an Austrian maker of cellulose fibers, will devote most of its planned investment of 1.5 billion euros ($1.9 billion) by 2014 to Turkey, Vatan said, citing Christina Kreuzwiese, the company’s marketing head.

Lenzing, which has most of its products made in Turkey, plans to increase sales by 20 percent and production by 10 percent this year, the newspaper cited Kreuzwiese as saying.

To contact the reporter on this story: Ercan Ersoy in Istanbul at eersoy@bloomberg.net

To contact the editor responsible for this story: Benedikt Kammel at bkammel@bloomberg.net

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