Investment surge for Lenzing’s speciality fibre arm

Austria - Lenzing ramped up its investment in its speciality fibre business in the first three months of 2018 with expansion taking place at sites across Europe and the US.
Reporting a 24.8% plunge in EBITDA to €101.6 million, mainly due to softening prices for commodity viscose and increasing costs for key raw materials, Lenzing more than doubled capital expenditure in the first quarter of 2018 to €58.9 million, up from €26.9 million in the same period in 2017.