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Lenzing plans to construct a new largest Tencel fibre plant in USA

Related Keywords: Alabama, construct a state of the art plant, increase fifty percent capacity, largest Tencel fibre plant in the world. utilize latest technological standards, Lenzing, new milestone in history of lyocell fibres, production capacity, site in Mobile, sustainable botanic fibre

Lenzing plans to construct a state-of-the-art plant with a production capacity of 90,000 tons per year at its site in Mobile, Alabama. The new facility will be the largest Tencel fibre plant in the world with an investment of total US$293 million (EUR275 million) and will utilize the latest technological standards. The Supervisory Board of Lenzing AG has approved the investment in a new Tencel fibre plant in the USA.

Cotton prices seen dropping at its lowest in nearly five year

Related Keywords: Alabama, cotton farmer, cotton in reserves, Cotton market, cotton price dropping, cotton production, mother nature, supply and demand trend

Cotton farmers although favoured by Mother Nature, but it is not the same for the cotton market with cotton price dropping more than 20 percent just in the past few months. The price was around 85 cents per pound before Memorial Day. It's now as low as 64 cents.
 
Cotton is growing well across the country, which means supply is up, but a major buyer, China, has a lot of cotton in reserves, so demand is down. The reason of drop in cotton price is due to both supply and demand trend.
 

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