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COVID-19 Slams Lenzing’s First Half Revenue and Earnings

As we settle into the new year, our Sourcing Summit Companion Report looks ahead at ways to optimize processes and performance.

The decline in demand after the coronavirus spread throughout the globe in the middle of the first half hit Lenzing’s top and bottom lines. In a Nutshell: The Lenzing Group said Wednesday it faced a “historically difficult market environment” in the first half of the year, with increased pressure on prices and volumes resulting from…

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