Lenzing to cut jobs and mulls Indonesian sale

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Cost saving strategy aims to reduce overheads in Austria and focus more on branded, high margin fibres

Lenzing Indonesia
Lenzing is considering the sale of its Purwarkata site

LENZING – Man-made cellulosic fibre giant Lenzing may sell its Indonesia production site as part of a strategic review that will also see it slash 300 jobs at Lenzing’s headquarters in Austria.

The company has flagged up the sale of its Indonesian production site in Purwarkata as part of a number of options as it looks to both reduce costs and pursue a strategic focus on branded high-performance fibres with higher margins.

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