Lenzing Q3 sales up on rising demand for cellulose fibers
09 Nov '09
3 min read
The business development of segment Engineering in the first nine months of 2009 was stable. The segment benefited in particular from last years' high order bookings and current intra-group investment projects.
Outlook Lenzing takes a cautiously positive view of its business development for the remainder of the year. All in all, the development of the 2009 fiber market has been better than expected. The positive trends in Asia, Turkey and South America may continue. There is, however, a danger of stock building up in the textile chain and any forecasts beyond the turn of the year are therefore uncertain. Moreover, anti-dumping procedures in Brazil and India are expected to significantly slow down sales of products containing Lenzing fibers.
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