lenzing.com

Note 41. Group companies

In addition to Lenzing AG, the Lenzing Group includes the following companies (list of group companies in accordance with Section 245a Para. 1 in conjunction with Section 265 Para. 2 of the Austrian Commercial Code):

Group companies

 

 

31/12/2023

31/12/2022

 

Currency

Share capital

Share in %

Share capital

Share in %

Consolidated companies

 

 

 

 

 

Beech Investment s.r.o., Zlaté Moravce, Slovakia

EUR

6,639

100.00

6,639

100.00

BZL – Bildungszentrum Lenzing GmbH, Lenzing, Austria

EUR

43,604

75.00

43,604

75.00

LD Celulose S.A., Indianópolis, Brazil

BRL

2,913,721,980

51.00

2,913,721,980

51.00

Lenzing Biocel Paskov a.s., Paskov, Czech Republic

CZK

280,000,000

100.00

280,000,000

100.00

Lenzing E-commerce (Shanghai) Co., Ltd., Shanghai, China1

CNY

-

-

0

0.00

Lenzing Elyaf Anonim Şirketi, Istanbul, Turkey

TRY

3,500,000

100.00

3,500,000

100.00

Lenzing Fibers (Shanghai) Co., Ltd., Shanghai, China

USD

200,000

100.00

200,000

100.00

Lenzing Fibers GmbH, Heiligenkreuz, Austria

EUR

363,364

100.00

363,364

100.00

Lenzing Fibers Grimsby Limited, Grimsby, UK

GBP

1

100.00

1

100.00

Lenzing Fibers Holding GmbH, Lenzing, Austria

EUR

35,000

100.00

35,000

100.00

Lenzing Fibers (Hongkong) Ltd., Hong Kong, China

HKD

30,300,000

100.00

30,300,000

100.00

Lenzing Fibers Inc., Axis, USA

USD

10

100.00

10

100.00

Lenzing Fibers India Private Limited, Coimbatore, India

INR

25,464,000

100.00

25,464,000

100.00

Lenzing Fibers Ltd., Manchester, UK

GBP

1

100.00

1

100.00

Lenzing Germany GmbH, Münchberg, Germany

EUR

25,000

100.00

-

-

Lenzing Global Finance GmbH, Munich, Germany

EUR

25,000

100.00

25,000

100.00

Lenzing Holding GmbH, Lenzing, Austria

EUR

35,000

100.00

35,000

100.00

Lenzing Italy S.r.l, Rome, Italy

EUR

25,000

100.00

-

-

Lenzing Korea Yuhan Hoesa, Seoul, Republic of Korea

KRW

280,000,000

100.00

280,000,000

100.00

Lenzing Land Holding LLC., Dover, USA

USD

10,000

100.00

10,000

100.00

Lenzing Modi Fibers India Private Limited, Mumbai, India

INR

1,187,241,341

96.54

1,187,241,341

96.52

Lenzing (Nanjing) Fibers Co., Ltd., Nanjing, China

USD

135,440,000

100.00

135,440,000

100.00

Lenzing Singapore Pte. Ltd., Singapore, Republic of Singapore

EUR

1,000,000

100.00

1,000,000

100.00

Lenzing Taiwan Fibers Ltd., Taipei, Taiwan

TWD

5,300,000

100.00

5,300,000

100.00

Lenzing (Thailand) Co., Ltd., Prachinburi, Thailand

THB

5,368,463,500

100.00

5,368,463,500

100.00

PT. South Pacific Viscose, Purwakarta, Indonesia2

IDR

150,068,343,000

96.53

106,614,724,000

95.12

Pulp Trading GmbH, Lenzing, Austria

EUR

40,000

100.00

40,000

100.00

Wasserreinhaltungsverband Lenzing – Lenzing AG, Lenzing, Austria3

EUR

0

Membership

0

Membership

 

 

 

 

 

 

Companies accounted for using the equity method

 

 

 

 

 

Associates

 

 

 

 

 

EQUI-Fibres Beteiligungsgesellschaft mbH, Kelheim, Germany

EUR

2,000,000

20.00

2,000,000

20.00

Gemeinnützige Siedlungsgesellschaft m.b.H. für den Bezirk Vöcklabruck, Lenzing, Austria4

EUR

1,155,336

99.90

1,155,336

99.90

Lenzing Papier GmbH, Lenzing, Austria

EUR

35,000

40.00

35,000

40.00

PT. Pura Golden Lion, Jakarta, Indonesia

IDR

2,500,000,000

40.00

2,500,000,000

40.00

Joint ventures

 

 

 

 

 

LD Florestal S.A., Indianópolis, Brazil

BRL

177,452,357

50.00

177,452,357

50.00

RVL Reststoffverwertung Lenzing GmbH, Lenzing, Austria

EUR

36,336

50.00

36,336

50.00

Wood Paskov s.r.o., Paskov, Czech Republic

CZK

2,000,000

50.00

2,000,000

50.00

Notes:

1)

Lenzing E-commerce (Shanghai) Co, Ltd, Shanghai, China, was liquidated in the 2023 financial year.

2)

The share held directly by the Lenzing Group equals 94.22 percent (December 31, 2022: 91.87 percent). A further 5.78 percent (December 31, 2022: 8.13 percent) of the shares are held indirectly via PT. Pura Golden Lion, Jakarta, Indonesia, an associate of the Lenzing Group. The total calculated share therefore equals 96.53 percent (December 31, 2022: 95.12 percent).

3)

The Lenzing Group participates through a membership. It holds 50 percent of the voting rights and can appoint half of the Managing Board members. Since all assets are attributable to the respective landowner under company law, the entity is notionally a separate company (a so-called “silo structure”). Assets located on the Lenzing Group’s land are therefore included in the consolidation.

4)

This investment is not included in the consolidated financial statements as a subsidiary, even though the Lenzing Group holds 99.9 percent of the voting rights in the company. In light of the given circumstances, the Lenzing Group does not control this company because its power is limited and because the returns hardly vary or can hardly be influenced by the Lenzing Group. Significant influence is exercised by the Lenzing Group over the financial and operating policies of this company, in particular through representation on management bodies and participation in decision-making processes.

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