Pulp Division
The Pulp Division comprises all Lenzing Group business activities from wood procurement through to the production and sale of dissolving wood pulp and biorefinery products. The newest pulp mill, LD Celulose in Indianópolis (Brazil), produced pulp of excellent quality during the reporting year and its nominal capacity was increased to 600,000 tons per year through optimization measures. The additional production volumes are primarily sold on the external pulp market. In addition, surplus electricity from the plant is fed into the public grid as renewable energy.
To provide the biomass, LD Celulose secured over 44,000 hectares of FSC® certified commercial forest, and leased additional land, in order to have approximately 80,000 hectares of FSC® certified for est area when completed.1 These plantations operate in full accordance with Lenzing’s guideline and high standards for wood and pulp sourcing.
Lenzing continues to pursue the recycling of textile waste. For many years, the company has proactively developed and promoted innovations in this area in order to provide economically viable and scalable solutions to the global textile waste problem. Since 2021, Lenzing has been working with Swedish pulp producer Södra to jointly develop new processes for recycling post-consumer textiles on an industrial scale. Current unfavorable conditions in the textile market have led to a slowdown in growth in this sector, as the cost structure does not yet allow for higher volumes.
The (internal and external) revenue of the Pulp Division amounted to EUR 1.3 bn in 2025, compared with EUR 1.382 bn in the previous year. The division’s earnings (EBITDA) amounted to EUR 451.5 mn, while the operating result (EBIT) amounted to EUR 249.6 mn.
Wood
The situation on timber markets in Europe was essentially stable in 2025, despite lower supply. Weaker industrial demand for wood, along with partially lower energy prices and the resultant lower consumption of biomass, helped to stabilize the situation.
Moreover, the Lenzing Group’s procurement strategy entailing long-term framework agreements achieved a good stabilizing effect on volumes and prices. As a consequence, Lenzing was able to provide reliable supplies of wood to its pulp sites in Lenzing (Austria) and Paskov (Czech Republic) during the reporting year. However, the availability of spruce deteriorated in the fourth quarter of 2025.
In 2025, audits in accordance with the Forest Stewardship Council® (FSC®) and the Programme for the Endorsement of Forest Certification (PEFC) forest certification systems confirmed again for both sites that, in addition to stringent forestry laws in the supplier countries, all wood used derives from PEFC and FSC® certified or controlled sources.3
Pulp
To supply the fiber production sites with high-quality dissolving wood pulp, Lenzing Group operates its own pulp mills at its sites in Lenzing (Austria), Paskov (Czech Republic) and Indianópolis (Brazil). This increased the level of self-sufficiency to significantly more than the 75 percent targeted by the corporate strategy. Furthermore, Lenzing established itself as a structural supplier in the global pulp market. Most of the dissolving wood pulp sourced externally was purchased on the basis of long-term contracts. A total of approximately 1,218,000 tons of dissolving wood pulp was produced at Lenzing’s pulp plants in 2025.
Biorefinery products
In addition to dissolving wood pulp, the Lenzing Group’s biorefineries also produce and market biorefinery products so that further components of the valuable raw material wood are utilized. Renowned customers from the food, animal feed, pharmaceutical and chemical industries rely on biobased products from Lenzing.
In the reporting period, Lenzing and its long-standing partner Speyer & Grund announced the commissioning of a new storage tank. The new tank park at the Speyer & Grund site in Meerane (Germany) includes a tank specifically designed for LENZING™ Acetic Acid Biobased. The expanded storage capacity increases flexibility and efficiency in supply and makes a significant contribution to supply chain excellence.
A life cycle analysis performed by the research institute Quantis confirmed that the carbon footprint of LENZING™ Acetic Acid Biobased is more than 85 percent lower than that of comparable products based on fossil resources.
In the reporting period, Lenzing received ISO 22000:2018 certification for both LENZING™ Sodium Sulphate and the biorefinery product LENZING™ Acetic Acid Biobased. This internationally recognized standard confirms Lenzing’s consistent commitment to product safety, quality assurance and continuous improvement.
1FSC license code: FSC-C175509, FSC-C165948
2Retrospective adjustment of internal revenue in the Pulp Division (see note 4 in the consolidated financial statements)
3License code: FSC-C041246 and PEFC/06-33-92