China, Thailand, Italy – in his first month as Lenzing boss, Rohit Aggarwal traveled many miles by plane. The new boss of the fiber optic giant from Upper Austria noticed many positive things. He is a real encouragement to the more than 7,900 employees.
He met customers at a trade fair in Shanghai, visited the company’s sites in Thailand and China, and also accepted an award in Milan for a sustainability project in which fashion is then made from biodegradable non-wovens used to protect glaciers: Rohit Aggarwal.
He has been the new boss of the fiber producer since September 1 and succeeds Stephan Sielaff, who has already left the company. And Aggarwal is setting a fast pace and wants to get the company, which recently came under pressure, back on its feet. The first impression is good, Aggarwal confirms in a video message.
Many initiatives to increase efficiency
“Sensible investment decisions have been made, sales have strengthened and there are many initiatives to increase our efficiency,” he concludes. He tells the more than 7,900 employees that he is convinced that together they will lead the company to a successful future.
In the first half of 2024, Lenzing reported a loss after tax of minus 65.4 million euros. “There is still a lot of headwind. The markets remain very challenging,” confirms the head of the fiber optic giant. “But you can also use a headwind to sail.”
Source: Krone
I’m Ben Stock, a journalist and author at Today Times Live. I specialize in economic news and have been working in the news industry for over five years. My experience spans from local journalism to international business reporting. In my career I’ve had the opportunity to interview some of the world’s leading economists and financial experts, giving me an insight into global trends that is unique among journalists.
