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EQS-News: Lenzing AG
/ Key word(s): Conference/Sustainability
Lenzing AG welcomes the European Commission’s Clean Industrial Deal
Lenzing/Antwerp – The Lenzing Group, a leading supplier of regenerated cellulose fibers for the textile and nonwovens industries, welcomes the European Commission’s Clean Industrial Deal, which aims to pave the way for a sustainable, climate-neutral and competitive industry. Commission President Ursula von der Leyen discussed the initiative on Wednesday, February 26, 2025, together with 400 business leaders, including the CEO of the Lenzing Group, Rohit Aggarwal, in Antwerp (Belgium). The industry is calling on EU heads of state and government to take urgent measures in all EU member states without delay ahead of the upcoming European Council meeting in March.
“International trade tensions, volatile energy markets, and the need to decarbonise industries demand urgent collective action. We must continue to support Europe’s green leadership and ensure that those investing in sustainability are incentivised. We must act now, work together and translate ambition into tangible results”, emphasizes Rohit Aggarwal, CEO of Lenzing Group. “The Clean Industrial Deal is an important initiative for Europe’s industrial and sustainable future. It will strengthen Europe’s net-zero industry, expand green technology manufacturing, and enhance industrial competitiveness.”
One important aspect is access to affordable and clean energy, which is crucial for the global position and competitiveness of the industry.
“We appreciate the Commission President taking the time to join us today in Antwerp to present the Clean Industrial Deal. Nine out of ten calls of the Antwerp Declaration have been addressed. We need to transform Europe’s ambition ‘to be’, into a determination ‘to do’. Every day, Europe is falling behind its goals, and is losing quality jobs for our current and future generations of workers. In the turbulent times we are in we need bold action from the European Leadership,” said Ilham Kadri, President of the European Chemical Industry Council, Cefic.
Europe’s industries are facing historical challenges: declining demand, stalled investments, reduced capacity, and EU gas prices at 4 to 5 times higher than its competitors. Between 2023 and 2024, Europe’s manufacturing output – a sector employing over 31 million people – dropped another 2.6 percent. While for the chemicals industry – the industry of industries – Cefic’s recent study emphasised the severity, with over 11 million tons of capacity announced to be closed between 2023 and 2024, affecting 21 major sites.
To overcome these challenges, back in February 2024, 73 business leaders presented the Antwerp Declaration to Commission President, Ursula von der Leyen and former Belgian Prime Minister Alexander De Croo. The Antwerp Declaration lays out 10 concrete actions to restore the business case for investments, to implement Europe’s sustainability ambitions and safeguard quality jobs in Europe. It is now signed by over 1,300 signatories.
“Reading the Clean Industrial Deal, we need the Commission to focus, prioritise the three key actions that improve our situation already this year and put all power, boldness and bravery in the European Commission behind these. And give us a realistic planning for the remaining actions. When we say actions, we mean action, not strategies, policies or plans. Leave no stone unturned and break all taboos. We need the situation to change.” Marco Mensink, Cefic Director General.
“Cefic calls on all new EU initiatives to be evaluated against the following criteria: Do they keep Europe safe and independent, reduce energy prices, ease the administrative burden on companies, attract investments to Europe, create markets for sustainable products, and safeguard quality jobs in Europe? If the answer to any of these questions is no, EU policymakers should reconsider and revise the proposal accordingly.”
The Antwerp Declaration remains an urgent call to revitalise Europe’s industrial landscape. Europe’s industries stand ready to do their part and continue supporting policymakers in building a competitive, resilient and sustainable future in Europe amid shifting geopolitics.
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27.02.2025 CET/CEST This Corporate News was distributed by EQS Group. |
| Language: | English |
| Company: | Lenzing AG |
| 4860 Lenzing | |
| Austria | |
| Phone: | |
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| E-mail: | |
| Internet: | |
| ISIN: | AT0000644505 |
| Indices: | ATX |
| Listed: | Vienna Stock Exchange (Official Market) |
| EQS News ID: | 2092405 |
| End of News | EQS News Service |
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2092405 27.02.2025 CET/CEST
