Lenzing AG (OTCPK:LNZNF)

$ 29.52 0 (0%) Market Cap: 1.15 Bil Enterprise Value: 3.06 Bil PE Ratio: 0 PB Ratio: 0.90 GF Score: 68/100

Lenzing AG to Discuss the Expansion Plans Call Transcript

Jun 26, 2019 / 08:00AM GMT

Release Date Price: $110

Transcript

Operator

Ladies and gentlemen, thank you for standing by. I am Francheska, your Chorus Call operator. Welcome, and thank you for joining the Lenzing Group Investor Conference Call. (Operator Instructions)

Your host today are Stefan Doboczky and Thomas Obendrauf. I would now like to turn this conference over to Stefan Doboczky, CEO of Lenzing.

Stefan Doboczky

Lenzing Aktiengesellschaft - Chairman of Management Board & CEO

Thank you very much. Good morning, good afternoon, and thank you for joining the investor call related to our planned investment in Thailand. Sorry for letting you wait, but I hope we will be able to catch up as we go through the small deck. Now you remember we announced mid of last year that we would temporarily mothball our Lyocell expansion in Mobile, Alabama, and we promised that by beginning of Q3, we would come back with more news how we would progress.

So let's take a step back and just look again on how this fits into our strategy because the global expansion in Lyocell is a major pillar of the sCore TEN strategy. We made

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