The loss made by
Lenzing AG in 1992 remained within bounds. Turnover in the previous year was
ASch657m, down ASch80m on 1990. Although costs have since then been more
carefully controlled, turnover is likely to fall to ASch600-650m in 1993. Price
measures and currency changes are causing difficulties. Neusiedler Papierfabrik
is converting and marketing 100% recycling paper produced by Lenzing under the
brandname Nautilus. Worldwide, Lenzing is the largest producer of viscose fibre
with mills in Austria, Indonesia and the USA. Investments are going ahead in
Brazil. Decisions on proceeding with the production of a new kind of high
quality fibre using the Lyocell technology have yet to be reached.
Bauer V, Pap. Osterreich, no. 6, 1993, pp 24-25
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