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Chemical Week Magazine :: Business & Finance :: Europe/Mideast

Lenzing’s Earnings Rise On Improved Prices and Demand

12:00 PM MDT | August 29, 2011 | —KERRI WALSH

Lenzing reported second-quarter 2011 operating income of €108.5 million ($157 million), on sales of €544 million because of improved selling prices. Comparisons with corresponding 2010 figures were not disclosed. Second-quarter operating margins were 19.9%. Lenzing’s first-half operating income soared 85%, to €199.2 million on sales up 31%, to €821 million because of “considerably higher fiber prices and shipment volumes, and the consolidation of the company’s Biocel Paskov pulp plant acquisition in the Czech Republic...

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