Lenzing sees good development in first nine months

16 Nov '11

4 min read

Due to the company's good earnings and cash flow situation, net financial debt should be comparable to the level on September 30, 2011 in spite of the considerable investments being made until the end of the year. Total investments in 2011 will remain at about 10% of consolidated sales for the year, as several partial project invoices will first be reported in the financial statements of the 2012 business year.

The overall business environment is characterized by uncertainty in Europe and the USA with respect to the further development of the economy as well as the temporarily lower credit growth in China and shorter-term decision-making on the part of customers. From today's perspective, reliable forecasts pertaining to the development of the fiber market in 2012 are not yet possible at present.

In any case, Lenzing is convinced that the demand for man-made cellulose fibers will continue to increase in line with the long-term upward trend. For this reason, Lenzing will push ahead with the implementation of its planned expansion program with the aim of enabling the company to optimally supply the market with about 1.2 million tons annually of Lenzing fibers by 2015.

The Lenzing Group is an international group of companies with headquarters in Austria, production sites in all major markets and a global network of sales and marketing offices. Lenzing provides the global textile and nonwovens industry with high-quality man-made cellulose fibers based on the renewable resource wood.

The Lenzing Group

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