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Very good development in core business Fibers at Lenzing

25 Aug '10
4 min read

Outlook
In the second half of the year core business fibers is expected to experience weakening fiber demand in view of recent first signs of overheating. New cellulose fiber production capacity in China will begin to supply the market in 2010 and 2011 and may temporarily reinforce this trend. The strong momentum of the first half of the year will therefore lose some of its force in the second half of the year and continued high raw material prices (pulp and wood) are expected to weaken margins.

Lenzing's special fibers will not be affected by this development to the same degree. The raw material price situation, in particular for dissolving pulp, is foreseen to calm down in the fourth quarter. The business development of segments Plastics Products and Engineering should remain stable.

Pending a sustained recovery of the global economy, the Lenzing Group expects a satisfactory second half of the year, however, with a result below that of the first half.

The Lenzing Group is an international group of companies with its 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 cellulose fibers. The company is the leading supplier in many business-to-business markets – from cellulose fibers to special plastic polymer products.

Lenzing Group

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