Lenzing solid in a significantly more challenging market environment
- Continued positive development of specialties business with revenue share of already more than 48 percent
- Commitment to long-term growth plan – investment in new 100,000 tons plant in Thailand approved
- Significantly more challenging market environment for standard viscose with historically low prices
- Outlook for 2019 confirmed
The Lenzing Group continued its solid business development in the first half of 2019. Despite a significantly more challenging market environment with historically low prices for standard viscose, Lenzing recorded a slight increase in revenue. The disciplined implementation of the sCore TEN strategy and the focus on specialty fibers continue to have a positive impact. Thanks to ongoing high demand for sustainably produced specialty fibers and positive currency effects, the impact of low standard viscose prices was largely offset in earnings.