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Binder Groesswang Advises Lenzing Group on Brazilian Wood Pulp Plant Joint Venture

Binder Groesswang Advises Lenzing Group on Brazilian Wood Pulp Plant Joint Venture

Austria
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Binder Groesswang, working in cooperation with Veirano Advogados, has advised Austria's Lenzing Group, a company specialized in cellulosic fibres, and Brazilian Duratex, a producer of industrialized wood panels, on their entrance into a joint venture, in order to build a single line dissolving wood pulp plant in Brazil.

According to Binder Groesswang, this decision supports the backward integration and the growth in specialty fibres, defined in Lenzing’s corporate strategy sCore TEN. The joint venture envisages the construction of a 450,000 tonne dissolving wood pulp plant, which according to the firm, "is expected to become the largest and most competitive single line DWP plant in the world."

Dissolving wood pulp is the key raw material for the production of Lenzing’s bio-based fibres. The two companies have secured 43,000 hectares of eucalyptus plantation that will provide the FSC-certified biomass. The plantation meets Lenzing’s wood and pulp sourcing policy. The basic engineering and the application for required permits and clearances will now be started.

The Lenzing Group's in-house team included General Counsel Florian Wirth and Senior Legal Counsel Pia Muhrer.

Binder Groesswang’s team included Partners Florian Khol, Michael Kutschera, Raoul Hoffer, Christine Dietz, and Christian Wimpissinger, Lawyer Hemma Parsche, and Associates Lukas Sebastian Swoboda and Christoph Schober.

The Veirano Advogados team was led by Partners Augusto Cesar Barbosa de Souza and Till Alexander Backsmann.