Speciality fibres group Lenzing has reported revenues of just under €1.2 billion for the first nine months of 2020. This figure represents a decline of 26.1% compared to the same period last year.

It said it had responded successfully to “the extremely difficult market environment of increased pressure on prices and volume” imposed by the covid-19 crisis. Its response included “intensifying co-operation” with partners along the value chain and being “agile and flexible” in adjusting production volumes to demand, reducing operating costs.

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