IHS Chemical Week

World News and Views :: Top of the News

Lenzing slashes guidance, announces major job cuts due to falling fiber prices

2:00 PM MST | November 13, 2013 | Ian Young

Lenzing cut its 2013 earnings guidance and announced up to 600 job losses after posting steep declines in earnings and sales for the first nine months of the year. The company now expects full-year Ebitda of €220-230 million, having previously forecast full-year Ebitda of €280 million. The revision is necessary because Lenzing anticipates even weaker market conditions for its man-made cellulosic fibers, principally due to heavy price pressure, in the fourth quarter, the company says. Lenzing also slashed its full-year operating-profit forecast to...

This information is only available to Chemical Week subscribers.

Username:
Password:

Forgot your user ID or password?
Click here to have it sent to you.



Not an IHS Chemical Week member yet?

Here's why you should be:

  • 31 issues of Chemical Week magazine in print or digital format
  • Critical daily news and analysis on chemweek.com
  • Free mobile edition 
  • 20+ years of online archives
  • Topical e-newsletters that capture the most impactful events
  • Special issues with a regional or company focus
  • Global Outlook issue

Subscribe now

100% Satisfaction Guarantee
If at any time you are not completely satisfied with IHS Chemical Week, simply notify us and we'll refund the balance of your paid subscription - no problem.

Learn more about group subscriptions and site licenses.

 














 
contact us | about us | customer care | privacy policy | sitemap | advertise

ihsCopyright © 2015 IHS, Inc. All rights reserved. Reproduction in whole or in part without permission is prohibited.

North Asia Russia Southeast Asia China India/Pakistan Middle East Eastern Europe Western Europe Central America Canada USA Australia/New Zealand South America Africa