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Lenzing Profits Slump Even as Specialty Fibers Gain Traction

Rivet’s 2021 winter issue has dropped! This in-depth issue examines the steps the global denim industry is taking to minimize its impact on the environment, from implementing zero waste production and design processes to establishing greenhouse gas emissions goals aligned with the Paris Agreement.

The Lenzing Group said trade-related uncertainty in the textile value chain has contributed to sluggish demand and has negatively impacted its business. In a Nutshell: Citing historically low standard viscose prices, the Lenzing Group experienced a decline in revenue and earnings in the first three quarters of 2019. But the company said it was able…

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