Latest developments in industry news: Austria The Lenzing group of textile companies increased profits in the third quarter this year, mainly in the market. fibre Demand factors Cotton price Soaring and rising.

The company said sales of cellulosic fibers increased by 37.7%, due to increased production capacity, good fiber market prices and new Paskov pulp plants. The company said that all important fiber markets are facing constant demand growth.

Lenzing said the recent floods in Pakistan and India caused panic among all sectors about the shortage of cotton and soaring prices. The climate of disaster caused by Pakistan and India is rethinking. Under the growing doubts about the price and supply of crops, the future trend of cotton remains to be seen.

Market analysts expect structural changes in the global fiber market in the medium to long term, which will greatly benefit cellulosic synthetic fibers such as viscose fiber (viscose), modal and Tencel.

Lenzing expressed the expectation that the fourth quarter market will continue to develop and bring outstanding results in core business fibers.