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Textile Maker Lenzing Closes UK, Austria Sites in Turnaround Bid

Business

Lenzing AG will close UK and Austrian plants as part of a new strategy that also increases equity and aims to revive the textile maker from a years-long downturn. Shares tumbled the most in four years.


Source: Bloomberg Markets — This article was automatically imported from the source. Read full article at original source →

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Originally published by Bloomberg Markets bloomberg.com
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Gram Slattery

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