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LNZ - Lenzing AG News Story

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Basic Materials
Mid Cap
Market Cap £1.03bn
Enterprise Value £1.81bn
Revenue £1.64bn
Position in Universe 351st / 1038

Fibres maker Lenzing producing at 80% of capacity in China, prepared for plant shutdown

Tue 4th February, 2020 8:15am
VIENNA, Feb 4 (Reuters) - Austrian fibres producer Lenzing
 LENV.VI  said on Tuesday its plant in China was currently
working at 80% of capacity due to the spread of the coronavirus
but added that uncertainty could lead to a forced shutdown at
any time.
    The stock at its plant in the city of Nanjing, which is 500
kilometres (311 miles) from the city of Wuhan where the
coronavirus outbreak began, was high enough to continue
production for another two days, it said.
    The company said, however, that chemicals could face
bottlenecks due to transport controls. It added that the
economic impact on Lenzing had been limited so far.

 (Reporting by Kirsti Knolle
Editing by Michelle Martin)
 ((kirsti.knolle@thomsonreuters.com; +43 1 2530 1650 13;))
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