We inform you that on this website we use our own and third-party cookies to collect information about its use, improve our services and, where appropriate, display advertising by analyzing your browsing habits. You can expressly accept its use by pressing the "ACCEPT" button or configure and select the cookies you want to accept or reject in the settings. You can also get more information about our cookie policy here.

The global fashion business journal

Jun 23, 20244:01pm

Lenzing to track yarn origin with ‘blockchain’

Austrian spinning manufacturer will use this technology to guarantee transparency and traceability of its material to make fibers.

May 17, 2019 — 6:30pm

CEO of Lenzing


Lenzing gains ground within sustainability thanks to the blockchain. Austrian yarn manufacturer pretends to implement this technology to the materials of their brand Tenceltm, in order to secure transparency and traceability of all its products to manufacturers and brands that use their threads.


The company, based in the Austrian city of Lenzing, has allied with Hong Kong’s technological company TextileGenesis to develop the platform after performing various test with other corporations, as stated by the group on a statement.


Company’s move will allow clients to know the origin of the Tenceltm’s fibers within all the production and distribution process, thanks to a QR code located on the final product. At the time of the purchase, the consumer will be able to verify the origin of the raw material.


The corporation has informed that is going to undertake some test within next months with all the companies that participate in Lenzing’s value chain, in order to let the platform be fully operation as of 2020.


The viscose manufacturer closed 2018 with a volume of sales worth 2,180 million euros, a 3.7% less than previous year, when the company billed 2,259.4 million euros. Net result positioned in 148.2 million euros, in front of the 2017’s 281.7 million euros, a 47.3% less. In the same vein, the gross operating profit (ebitda), decreased a 24%, until 382 million euros, pressured by the prices’ increase in raw materials and energetic costs.

Participation rules



Validation policy for comments: 

MDS does not perform prior verification for the publication of comments. However, to prevent anonymous comments from affecting the rights of third parties without the ability to reply, all comments require a valid email address, which won’t be visible or shared.
Enter your name and email address to be able to comment on this news: once you click on the link you will find within your verification email, your comment will be published.

0 comments — Be the first to comment