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Lenzing AG (LENV.VI)

LENV.VI on Vienna Stock Exchange

101.40EUR
4:32pm GMT
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Wed, Nov 15 2017

UPDATE 1-Lenzing's cautious outlook depresses stock after in-line Q3

* Outlook for 2018: sees substantial supply increase in market

Lenzing 9-month core profit up 24 pct y/y on higher prices

VIENNA, Nov 15 Austrian fibre maker Lenzing's nine-month core profit was up by around a quarter compared with last year at 397.1 million euros ($468.18 million), mainly on the back of higher prices, it said on Wednesday.

BRIEF-Lenzing CEO: Tencel Luxe site investment to be announced Q3 2018

* Lenzing CEO says on sideline of Gewinn investor conference that group plans to announce in Q3 2018 how much it will invest in Lenzing site for Tencel Luxe filament production

BRIEF-Lenzing to build new plant in Thailand

* Lenzing CEO says cost of Thailand plant will be slightly higher than the $293 million (not $203 million) investment in alabama, us

BRIEF-Lenzing plans 100,000 t lyocell fiber plant in Thailand

* Lenzing plans construction of a state-of--art Lyocell fiber production plant in Prachinburi (Thailand) by end of 2020

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