China’s environmental policy helps Lenzing’s pro - sportstextiles: Lea SportsTextiles

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China’s environmental policy helps Lenzing’s profits rise

25/08/2015
Austrian textile group Lenzing has reported a “significant increase for all earnings indicators” in the first half due to its cost-cutting schemes and an unexpected boost from China.

Revenue rose by 6.2% to €955.4 million, helped by a “strong tailwind from currency effects”.

CEO Stefan Doboczky said: “Lenzing delivered a solid performance in the first half of 2015. The underlying reasons were the currency effects which turned out to be very positive for us due to the weakness of the euro, good fibre demand in the second quarter and our improved cost position.”

“Viscose fibre prices in China, the world’s largest sales market for fibres, increased towards the end of the second quarter due to a more favourable supply-demand ratio related to several local viscose fibre production plants being shut down for environmental reasons. We remain cautious concerning prospects for the rest of 2015, in light of the fact that these capacities could be put into operation again.”

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Sustainable down and cellulosic fibres on agenda at outdoor events 02/06/2015
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