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Lenzing Blames Risk of Tariffs, Costs for Decision to ‘Mothball’ U.S. Tencel Expansion

Lenzing is putting the brakes on its Tencel production expansion in Mobile, Ala. The company said Wednesday its managing board decided to “temporarily mothball” the project and would “reassess this decision on an ongoing basis.” The Austrian-based cellulosic fiber company blamed the “rising likelihood of increasing trade tariffs, paired with the potential surge in construction…

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