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Lenzing Cites Overcapacity in 16% Q1 Revenue Slide

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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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