Value creation at a traditional company
Transformation Lenzing AG
Industry:
Textile and nonwovens
Textile and nonwovens
Turnover:
EUR 2,500 million
EUR 2,500 million
Employees:
8,300
8,300
1
Challenge:
The Bickel & Company team is currently (as of April 2024) supporting the transformation of Lenzing AG. The listed company is a producer of pulp and fibers for the production of textiles and nonwoven products.
Walter Bickel joins the Lenzing Management Board as CTO and, together with the Bickel & Company team, is responsible for the further development and implementation of a comprehensive performance program.
2
Approach: As lean as necessary, as strong as possible
To achieve the necessary turnaround, a comprehensive earnings improvement programme was set up. The focus was on streamlining the corporate headquarters, increasing the profitability of the two business units "Systems and Robotics" as well as realigning and improving their manageability.
