IHS Chemical Week

People & Business :: Companies

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.

Risk Free Trial

Email Address

First Name

Last Name

Click here to register and get your RISK-FREE access to chemweek.com

Not an IHS Chemical Week
24/7 member yet?

Here's why you should be:

  • Searchable online archive access of the last 2 years of Chemical Week.
  • Print or digital magazine subscription
  • Price and market change alerts
  • Economic data and statistics
  • Buyers' Guides
  • Webcasts | whitepapers

 

 

 













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

ihsCopyright © 2012 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