Lenzing solid in a very difficult market environment-5

December 5, 2019

CAPEX (investments in intangible assets and property, plant and equipment) dropped by 8.3 percent to EUR 159.7 mn during the reporting period. 

This decline is primarily attributable to the completion of the expansion project in Heiligenkreuz in 2018 and the ongoing planning for major projects in Brazil and Thailand, which will only have an effect on the investment volume in the coming quarters. 

In the first three quarters of 2019, investment activities in the Lenzing Group focused on the expansion of the share of specialty fibers in line with the sCore TEN strategy.

Reprint from: https://www.lenzing.com/newsroom/press-releases/press-release/lenzing-solid-in-a-very-difficult-market-environment/