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The majority owner, Lenzing, wants to take a closer look at Hygiene Austria.
© APA / HANS KLAUS TECHT
Lenzing appoints an additional managing director in the executive suite of the mask manufacturer “Hygiene Austria”. In addition, an external investigation team must clarify the cause.
Majority owner Lenzing is now tightening the reins of protective mask maker Hygiene Austria, which has granted partial production of its masks in China. As planned for a long time, the listed company oö. The fiber manufacturer assumes management control at Hygiene Austria LP GmbH and appoints an additional managing director at Stephan Sielaff. In addition, an external forensic investigation team will be appointed, Lenzing said Thursday.
Hygiene Austria admitted obtaining masks from China
When asked, the forensic team must “create clarity” on the subject of mask production. An amount of how many FF2 masks may have been obtained from China has not yet been given. On Wednesday evening, Hygiene Austria surprised by admitting that it had also turned to Chinese contract manufacturers to meet peak demand. Before that, the company had always presented itself as a “Made in Austria” producer, which is why leading politicians also met in Hygiene Austria. The company “clearly rejected” the allegations of fraud and undeclared work, investigated by the Economic and Corruption Prosecutor’s Office (WKStA).
Sielaff, who is now the third managing director of Hygiene Austria LP GmbH, is a full-time member of Lenzing’s fiber and technology board of directors, a qualified chemical engineer, and held management positions at Unilever and Symrise from 1993 to 2014. Since 2014 Until February 2020, he served on the board of directors of the Swiss specialty chemicals company Archroma, a supplier to the textile and paper industry.
Lenzing wants to take over management
Until now, Hygiene Austria LP GmbH’s business has been managed by Tino Wieser and Stephan Trubrich, where Tino Wieser (like his brother Luca Wieser) is a member of the board of the minority owner of Hygiene Austria Palmers Textil AG and Trubrich is responsible for the capital market activities in Lenzing is. The APA said nothing should change in terms of Lenzing’s 50.1 percent stake and Palmers’ 49.9 percent. The fact that Lenzing wants to take over management control at the mask company has already stemmed from a merger registration with the Federal Competition Authority (BWB) in early February. The BWB had until March 2 for the exam.
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