Aanti-trust authorities have approved Lenzing’s acquisition of Czech pulp producer Biocel Paskov A.S. The acquisition is said to be an important strategic step towards the group's long-term extension of its vertical backwards integration. The acquisition is part of a hedging strategy to protect Lenzing from the impact of high pulp price volatility. Pulp is the raw material used for the production of Lenzing’s viscose fibres.

Lenzing intends to invest 50 million Euros in expanding the site's capacity over the next three years and to remodel Biocel Paskov into a swing capacity pulp factory. This will provide Lenzing with the ability to flexibly adjust to any given pulp market situation and to either produce dissolving pulp for its own fibre production or paper pulp for external customers.