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Lenzing's revenue up 14.3%
Lenzing, a supplier of high-quality, botanic cellulose fibres, ranging from dissolving pulp to standard and specialty cellulose fibres, to the textile and nonwovens industry, has reported €586.2 million revenue in Q12017, up by 14.3 per cent in comparison to Q12016.
Lenzing appoints new CTO
Heiko Arnold has become the new Chief Technology Officer of the Lenzing Group, on 1 May. The Management Board of the leading producer of botanic cellulose fibres led by CEO Stefan Doboczky was expanded by a new position for Technology and increased from three to four members in view of the forthcoming expansion of production capacity.
Cellulose fibre market to grow 9%
The cellulose fibre market is forecast to grow at a CAGR of nine per cent over the period 2016-24. Abundance of raw materials, environmental benefits of cellulose fibres, and cost effectiveness will boost global cellulose fibre market demand in clothing and apparels over other alternatives such as polyester and nylon.
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