The Analysts View of Tencel - Part 2: SBC Warburg (1996)

This report dated June 96, which first appeared in the "engine room" in January 1997, gives information on the planned expansions, their capital cost, the costs of some raw materials and other costs, and the assumed Tencel selling prices.  The high marketing cost of developing the fashion end uses in the early years is notable.  Three pages are reproduced below: