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

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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