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

The Rivet 50 is calling for nominations for leaders in the denim industry in 5 categories: design, influencer, leadership, sustainability and supply chain. Nominations close on May 23.

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

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