Tencel demand leads to record quarter for Lenzin - sportstextiles: Lea SportsTextiles

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Tencel demand leads to record quarter for Lenzing

16/05/2017
Tencel demand leads to record quarter for Lenzing
Austria-based fibre producer Lenzing has reported record quarterly results following a period of declining margins and an extensive restructure.

Revenue climbed 14.3% to €586.2 due to higher selling prices related to the Chinese New Year, the reduction of inventories and more favourable exchange rates. 

“The first quarter of 2017 was the best in our company history,” said CEO Stefan Doboczky. “Assuming that fibre market conditions remain at current levels, we expect a substantial earnings improvement this year compared with 2016.”

The group opened sales offices in Turkey and Korea during the quarter, and 'broke ground' at the production site in Heiligenkreuz, Burgenland (Austria). As of mid-2018, customers will have an additional 25,000 tons of lyocell at their disposal. 

Construction of the production facility for Tencel fibres in Mobile, Alabama (US), is under way and will be finished at the end of the first quarter of 2019. Lenzing is examining several sites in Asia for a further lyocell plant.


Related stories:

Lenzing board extends CEO’s contract 14/12/2017
Lenzing makes first foray into filament market 10/10/2017
Lenzing responds to industry demand for transparency 22/09/2017
Lenzing strengthens Asia ties with Hong Kong test centre 12/09/2017
Record half-year results for Lenzing 24/08/2017
Noble Biomaterials teams up with Lenzing for new textiles 18/07/2017
Lenzing plans factory in Thailand 29/06/2017
Lenzing creates board place for new technology chief 02/05/2017
Sympatex unveils laminates based on Tencel fibres 26/04/2017
Santoni uses Tencel fibre for new project 25/04/2017
Lenzing outlines its sustainability strategy 24/04/2017
Better product mix boosts Lenzing 23/03/2017
Lenzing begins expansion of Tencel plant 22/03/2017
A new fibre from Lenzing 08/02/2017

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