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Currencies Woes and Raw Material Costs Get Lenzing Off to Tough Start in 2018

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Hit by unfavorable currency exchange rates and increases in raw materials costs, the Lenzing Group’s top and bottom lines took a hit in the first quarter. In a Nutshell: The Lenzing Group reported decreases in revenue and earnings in the first quarter, noting a challenging market environment for standard viscose combined currency exchange rate fluctuations…

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