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Lenzing’s profits down 23 per cent

Lenzing’s profits in 2019 dropped 23 per cent compared to 2018. The spinning manufacturer has already made some adjustments, starting in Thailand, with the construction of the world’s largest lyocell plant this type of fiber. With it, the company boosts its production in the Asian continent, where it has most of its customers, and reduces costs related to lyocell in the United States. The company will focus on lyocell.

Lenzing’s sales in 2018 were 3.7 per cent less than in the previous year. Lenzing is committed to reduce its carbon dioxide footprint by half by 2030. The vision is to become a carbon dioxide-neutral group of companies by 2050. With the growing wellness trend among consumers, Lenzing is developing fibers that keep users pleasantly cool and dry with natural comfort and versatility. Tencel Active is a group of cellulose fibers of botanic origin that keep the body pleasantly cool and dry with their natural comfort and versatility, enabling freedom to move with confidence. Lenzing is focused on introducing its award-winning Refibra technology and Lenzing Ecovero fibers to the active wear segment as well as the Lenzing Modal Black solution for colored fibers. Lenzing’s pioneering Refibra technology reinforces circularity through recycling cotton scraps with minimal emissions.