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Lenzing Profits Slump Even as Specialty Fibers Gain Traction

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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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