Hygiene Austria LP GmbH

After the allegations surrounding Hygiene Austria LP GmbH became known in March 2021, Lenzing worked intensively to address them. Accompanied by a corresponding set of specifications for the continuation of business operations on a firm footing, Lenzing also transferred its interest to Palmers Textil AG. In order to ensure the continuation of the company as a going concern in accordance with the nature of its formation, Lenzing initially waived a corresponding purchase price (see also press release of Lenzing AG of 04/02/2021). The entirety of this interest has been written off in the meantime.

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