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Lenzing FY profit falls as firm writes off US engineering costs

2020-01-28 13:15:00| Daily apparel & textile news and comment - from just-style.com

Austrian cellulosic fibre producer Lenzing has reported a drop in its preliminary 2019 figures with both earnings and revenue affected by lower selling prices for standard viscose and the write-off of engineering costs related to its mothballed US lyocell expansion project.

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