LENZING – Austrian Lyocell fibre business Lenzing has announced that it is selling off the three business units of Lenzing Technik as part of its strategy of focusing on its core business, producing man-made cellulose fibres. The sale can be viewed in the context of high cotton inventories and surplus capacities in China for man-made cellulose fibres which has meant that in recent times Lenzing – maker of Tencel – has witnessed a squeeze on its textile fibre prices.
