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LNZ - Lenzing AG News Story

€45.8 0.6  1.2%

Last Trade - 25/09/20

Basic Materials
Mid Cap
Market Cap £1.10bn
Enterprise Value £1.89bn
Revenue £1.67bn
Position in Universe 342nd / 1042

Lenzing aims to cut 2015 costs by 130 mln euros

Tue 24th March, 2015 8:08am
VIENNA, March 24 (Reuters) - Austria's Lenzing  LENV.VI  
aims to cut costs by 130 million euros ($142.5 million) this 
year after posting a 2014 net loss hurt by Asian competition, 
the specialist fibre maker said on Tuesday.  ID:nFWN0WP0C4  
    It said it expects no large rise in fibre prices in the 
mid-term and plans to focus further on highly specialised fibre 
textiles such as its Tencel and Modal products. 
    ($1 = 0.9124 euros) 
 (Reporting by Shadia Nasralla; editing by Jason Neely) 
 ((Shadia.Nasralla@thomsonreuters.com; +43 153 11 2256; +43 664 
390 6505;)) 
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