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.
Lenzing Group
Lenzing AG