Lenzing attributes 2022 growth to higher fibre prices
09/03/2023
The producer noted reduced sales of its wood-based cellulosic fibres, but added that the quantity of pulp it sold over the 12 months had increased versus the comparative period. Overall, revenues reached approximately $2.7 billion or €2.57 billion.
“Lenzing faced extraordinary headwinds due to the multiple crises last year,” commented the company's chief executive, Stephen Sielaff.
“Having responded quickly and decisively to all these external challenges, we can [afford to] be very proud of our outstanding achievements, including the implementation of our investment projects in Thailand and Brazil.”
Athletic shoe uppers knit from the company's Tencel fibres. Credit: Lenzing.
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