Following a record sales year in 2011 proved somewhat difficult for the Lenzing Group, but the Austrian fiber manufacturer and marketer said it still managed its second-best year for volume in 2012 on the strength of its specialty fibers, particularly Tencel.
But it was still a tough environment. On Friday, Lenzing reported consolidated sales were down 2.3 percent to 2.09 billion euros, or $2.72 billion at current exchange, from 2.14 billion euros, or $2.78 billion, in 2011. The decline was attributed to more dissolving wood pulp from its Paskov, Czech Republic, plant being used internally than in 2011. Adjusted for this effect, consolidated sales were constant. The company said lower average fiber selling prices compared with 2011 were balanced by the strong rise in fiber volume, which climbed about 14 percent year-on-year to 810,000 tons.
Hermès is launching a Laundromat pop-up shop in NYC - dubbed Hermèsmatic - where customers can bring their old scarves to be dip-dyed by an expert. Get all the details on WWD.com. #wwdnews (📷: @donstahl)