Strong recovery in the fibre markets, Lenzing says - insidedenim: Glo InsideDenim

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Strong recovery in the fibre markets, Lenzing says

05/05/2021
Strong recovery in the fibre markets, Lenzing says
Cellulosic fibre manufacturing group Lenzing has reported revenues of €489.3 million for the first quarter of 2021, an increase of 4.9% year on year. 

Pre-tax earnings from this were €94.5 million, up by 36.8% compared to the figure for the same quarter last year.

Lenzing said the growth was mainly attributable to a strong increase in demand from China and higher viscose prices. It added that a focus on wood-based specialty fibres such as Tencel and Ecovero had also had a positive impact on development.

Chief executive Stefan Doboczky said demand for these speciality fibres was positive again. He added that there was growing optimism in the textile value chain and a strong recovery in the fibre markets.

Image: Lenzing

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