Austria's top economic news - March 14

Fibre producer Lenzing is registering a considerable surplus of demand compared to supply on the cellulose fibre market, CEO Peter Untersperger told WirtschaftsBlatt. The manager expects the gap between produced quantities and demand worldwide to be around 11m tonnes in 2030. Therefore, Lenzing's investment plan envisages the spending of EUR 1.5bn in the next four years for boosting the capacity to 1m tonnes from 710,000 tonnes currently. The company will attempt to retain and even boost its market share of 17% globally.