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Bangkok Post
Bangkok Post
Business

Lenzing’s new €400 million factory strengthens Thailand’s status as regional bio-green-circular hub – BOI

BoI Thailand United States Thailand Board of Investment BCG Euro Europe IVL
Austrian textile giant Lenzing’s new €400 million factory in Prachinburi, Thailand, is the world’s largest production plant for the eco-friendly so-called “miracle fabric” lyocell.

The start of operations at European textile giant Lenzing’s recent opening of the world’s largest production plant for the eco-friendly fibre lyocell exemplifies Thailand’s status as a hub for green and sustainable investments, according to an article pub-lished on the Thailand Board of Investment (BOI) website.

Like numerous other foreign investors, Lenzing in part chose Thailand for its strategic location and connectivity at the heart of Asia. But the Austrian multinational with op-erations on four continents also decided to build its euro 400 million (around THB 1 billion) factory there because of Thailand’s commitment to sustainable growth through a model known as the Bio-Circular-Green Economy, or BCG, the article said.

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