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Lenzing Cites Overcapacity in 16% Q1 Revenue Slide

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.

Lenzing’s specialty fiber strength helped limit the damage from the COVID-19 economic slowdown in the first quarter, as sales and profits slumped. In a Nutshell: In a historically difficult market environment that saw increased pressure on prices and volumes resulting from the coronavirus crisis, the Lenzing Group held its ground in the first quarter of…

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