Lenzing’s savings plan bearing fruit
05/03/2015
The Austrian producer of Tencel and Modal embarked on a cost-savings plan in the period and this helped boost earnings 25%.
The company said: “This increase totalling almost 25% compared to the similarly challenging 2013 was achieved thanks to sustainable cost savings generated within the context of the excelLENZ programme, substantial improvements in the product mix and the successful coming on stream of the new Tencel fibre production facility at the Lenzing site.”
Expansion plans of group subsidiaries PT South Pacific Viscose in Indonesia and Lenzing Nanjing Fibers in China will be “adjusted to reflect the new market conditions”.
Tencel applications for denim, shirts, home textiles and new nonwoven products as well as new blends with cotton were successfully launched during 2014.
Share this story:
