Having a world-wide share in the production of man-made cellulosic fibres, Austrian Lenzing disclosed the data of the first quarter of 2016. Lenzing announced that it has reached the best first-quarter results since 2012 and net profit has almost tripled in the relevant period. Lenzing also achieved a three-fold improvement in the cash flow position.
In the explanation made by Lenzing, it was stated that, “Consolidated revenue of Lenzing increased by 8.1 % in the first quarter of 2016 when compared to the first quarter of 2015. This increase is mainly attributed to the strong demand for the fibres of Lenzing as well as the higher sales prices. When it is assumed that the general working environment has not changed, Lenzing continues to expect a significant improvement in its profits for the financial year of 2016.” According to the announcement, while Lenzing plans to expand its production capacity for the fibres requiring specialty, it also continues site examinations for increasing capacity throughout the world.
Based in Austria, Lenzing Group is one of the important actors of the world market with the high quality man-made cellulosic fibres it supplies to the textile and nonwoven sectors through its production plants in all big markets as well as its sales and marketing offices throughout the world. As the 7th biggest textile exporter of the world, Turkey is one of the most important markets of Lenzing, as well. Fibres of Lenzing have the biggest share in this market of Turkey which imports about 200 thousand tons of cellulose annually.
