Lenzing’s savings plan bearing fruit
05/03/2015
A global surplus of viscose in 2014 negatively affected Lenzing’s full-year sales, which dipped to €1.86 billion in 2014, from €1.91 billion in 2013. 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...
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