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Lenzing Leaps in First Half With 83.9% Profit Increase

Austrian fiber supplier Lenzing, which manufactures Tencel, modal and viscose, said Wednesday that its sCore Ten strategy, announced earlier this year, is already paying off.

Despite largely unchanged production volumes, the group’s consolidated revenue rose 8.3% to 1.03 billion euros ($1.2 billion) in the first half of 2016, as a result of higher fiber selling prices and an improved product mix compared to the same period a year ago. Lenzing also gained from the increase of spot market prices for viscose fibers.

Read more at Sourcing Journal.

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