Wednesday, November 14, 2012

Asian Consortium Stalking Lenzing (1995)

The Bank of Austria is not pleased with Lenzing's indecision regarding the location of the planned $196 million lyocell plant.

Cash-strapped Lenzing could well use the capital resources which would flow from the acquisition to support lyocell

A deal [with Formosa Chemical Fibres Corporation] would be a grave irritation to Courtaulds....  could allow FCFC to revive plans for a rayon fibre complex in the USA.

From Chemical Week International 14th June 1995

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