Knitting Trade Journal

Details: Written by Haydn Davis; Category: Fibres & Yarns; Published: 27 May 2014; Created: 27 May 2014; Last Updated: 27 May 2014

Lenzing - There were mixed fortunes for Lenzing in the first quarter of 2014 as enthusiasm over record sales volumes was dampened by an overall 30 per cent drop in profits. The cellulosic fibre producer was hit particularly hard by weak prices for viscose although the share price actually nudged up five per cent as the company accelerated its previously announced cost-cutting plan.