Lenzing sees hope on horizon after subdued months
02/08/2023
Fibre producer Lenzing has spoken of “subdued market trends” in the first half of 2023 as it reported revenues of €1.25 billion, down 3.4% on the same period last year.
However, it noted while the market environment deteriorated significantly in the second half of 2022, signs of recovery were evident during the first and second quarters of 2023 in terms of raw material and energy costs as well as demand.
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