Facebook Pinterest Search Icon SourcingJournal_horiz Tumbler Twitter Shape photo-camera graph-trend Shape latest-news icon / user

Lenzing Cites US Plant Write-Off, Low Viscose Prices for Profit and Sales Decline

Register for the Feb. 17 webinar, De-Risking Supply Chains Through Nearshoring, today to learn how to realize the benefits of localizing supply chains from factories that are helping brands successfully produce in the U.S.

The Lenzing Group said Tuesday that operational headwinds and a one-time write off will result in a decline in net profit for the 2019 fiscal year. The cellulosic fiber manufacturer and marketer of brands such as Tencel and Modal said its management board has decided to focus in the coming years on expanding its lyocell

This content is for Annual and Limited members only. You can read up to five free articles each month with a Limited Level Subscription. Please log in, or subscribe.

Log In Subscribe

More from our brands

Access exclusive content Become a Member Today!