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Good Tencel performance drives Lenzing

Lenzing has succeeded in achieving the second best business result in its history in the 2012 financial year in spite of difficult market conditions in its core fibre business. The Austrian company’s Annual Report published today says that this can be attributed to new record fibre sales volumes and good performance of its specialty Tencel fibre. Readers can download the full Lenzing Group Annual Report 2012 at the foot of this article.

22nd March 2013

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 |  Lenzing

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However, consolidated sales of the Lenzing Group were down slightly from the previous year, declining by 2.3% to EUR 2.09 billion compared to EUR 2.14 billion in 2011.

According to the report, the decline is due to the fact that more dissolving wood pulp from the Paskov pulp plant was used internally than in 2011. Adjusted for this consolidation effect, consolidated sales remained constant. The significant lower average fibre selling prices compared to the boom year of 2011 could be compensated by the strong rise in fibre sales volumes, which climbed by close to 14% year-on-year, from 712,000 tons to 810,000 tons.

Read the full article on our Knitting Industry website

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