News

24. August 2010

Good development in core business Fibers

As in the first quarter of 2010, the Lenzing Group made optimum use of the good global market environment and achieved an excellent result in the second quarter. Business unit Textile Fibers as well as Nonwoven Fibers performed excellently. In particular the special fibers Lenzing Modall and TENCEL  met with above-average broad-based success due to innovative applications. Demand from all major sales markets in Asia, but Europe and USA as well, was strong.

Consolidated sales in the first half of 2010 climbed by 43.6 %1 to EUR 847.2 mill. from EUR 589.9 mill. This was the strongest rise in sales in the past years. It was enabled by higher fiber quantity, the price dynamics of global markets, as well as by the first-time full consolidation, from early May of 2010 on, of the pulp production site Biocel Paskov (Czech Republic), acquired in April 2010. The operative result developed even more dynamically than sales.