Lenzing, the Austrian cellulose fibres producer, and Duratex, the Brazilian wood panels maker, announced plan to build a dissolving wood pulp plant in Brazil. Investment raises up to $1 billion.  According to Reuters, Lenzing specialises in fibres made from wood and pulp, meeting increasing demand from the fashion industry for alternative textiles to cotton. It will hold 51 percent in a venture with Duratex that will operate the mill in the state of Minas Gerais, close to Sao Paulo.  Lenzing is currently developing a strategy of expanding its international footprint and moving its cost base closer ...