Lenzing’s New €400 Million Factory Strengthens Thailand’s Status as Regional Bio-Green-Circular Hub, BOI Says

BANGKOK, Aug. 31, 2022 /PRNewswire/ — The recent start of operations at European textile giant Lenzing’s recent opening of the world’s largest production plant for the eco-friendly fiber lyocell exemplifies Thailand’s status as a hub for green and sustainable investments, according to an article published on the Thailand Board of Investment (BOI) website.

Like numerous other foreign investors, Lenzing in part chose the Kingdom for its strategic location and connectivity at the heart of Asia. But the Austrian multinational with operations on four continents also decided to build its euro 400 million 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.

Thailand has become a land of sustainability for environment-conscious businesses. In 2021, foreign and local investors…