Manufacturer of cellulose fibres, Lenzing said the anticipated recovery in markets relevant for company has failed to materialise till date. “The continued sharp increase in raw material and energy costs and very subdued demand had a negative impact on us as well as the whole industry,” the
Manufacturer of sustainable cellulose fibres Lenzing Group has revised downwards its EBITDA for the current financial year. The Austrian company attributed the revision to continued weak development of markets relevant to Lenzing, coupled with very cautious market expectations in 2023. “Taking into account the current lack of market recovery, the previous earnings forecast
Austrian manufacturer of cellulose fibres, Lenzing has made significant technical improvements to its PT. South Pacific Viscose, Purwakarta plant. Lenzing has invested more than €100 million since 2021 to convert existing production capacity to specialty viscose. “With the imminent completion of the investment, Lenzing is in a better position to serve the strongly growing