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Lenzing to implement further cost optimization measures

12:08 AM MDT | May 29, 2014 | Deepti Ramesh

Lenzing (Lenzing, Austria) says that it will implement additional cost reduction measures “due to the very unsatisfactory development of prices on the global market for viscose fibers”.  The management board, on 28 May, informed employees at the facilities at Lenzing about the necessity of further measures to secure the long-term competitiveness of the company. In relation to this, the board announced a wide-ranging review of the group strategy, the results of which should be available by the end of 2014, Lenzing says. Extensive measures were...

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