Meanwhile, the jute and jute goods sector has seen a decline in earnings, dropping by 23.68 per cent to $610.08 million in the same eight-month period, contributing only 1.65 per cent to total export earnings. The jute industry has been negatively affected by the global economic slowdown, declining Read More

Indonesia is open to negotiating a trade agreement that focuses on the interests of its own as well as India.Indonesian Trade Minister Zulkifli Hasan and Indian Commerce and Industry Minister Piyush Goyal held a meeting in New Delhi.Zulkifli Hasan expressed his expectation that Indonesia and India c Read More

Luxury fashion brands are turning to Bangladesh as a reliable supplier and are increasingly sourcing from the country even amidst global supply chain disruption induced by the Covid pandemic and the Russia-Ukraine war. High-end brands such as Hugo Boss AG are seeking out business opportunities, with Read More

Significant changes to the Lenzing Managing Board were also approved in the year under review. As of April 1, 2022, Stephan Sielaff succeeded Cord Prinzhorn as CEO, who had taken over as interim CEO in the fourth quarter of 2021. At the same time, the Managing Board was reduced to four people. Nico Read More

As the lyocell plant in Thailand is now fully operational, Lenzing has the capacity to increase its share of specialty fibers substantially and is even better equipped to meet structurally rising demand for environmentally friendly TENCEL? and VEOCEL? branded lyocell fibers. With a nominal capacity Read More

Lenzing – The Lenzing Group, a world-leading provider of specialty fibers for the textile and nonwoven industries, was increasingly affected by extreme developments on the global energy and raw material markets in the 2022 financial year, in tandem with most of manufacturing industry in Europe. The Read More