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“They were devastating with over 50% pull backs in the S&P 500 with people losing over 50% in their retirement accounts,” he said. ... During the market sell-off in 2022, ...
In January 1993, the Mobile Tencel plant reached full production levels of 20,000 tons per year, by which time Courtaulds had spent £100 million and 10 years on Tencel development. Tencel revenues for 1993 were estimated as likely to be £50 million. A second plant in Mobile was planned. By 2004, production had quadrupled to 80,000 tons.