On August 8, 2016, Sateri confirmed orders for machineries to expand its Viscose Staple Fibre (VSF) production capacity by 1 million tonnes. This will position Sateri as the largest VSF producer in the world by 2020. The total investment in the expansion is expected to exceed RMB10 billion (USD1.5 billion).

Sateri is already the largest VSF producer in China with annual capacity in excess of 550,000 tonnes from its 3 mills in Fujian and Jiangxi provinces. The company supplies premium quality VSF to textile yarn spinners and spunlace nonwovens producers worldwide.

“We believe in the future of VSF as a superior fibre for both textiles and nonwoven fabric. In the past one year, we have been making preparations for expansion and today’s confirmation of key machinery orders brings us closer to realising our plan,” said Mr Tey Wei Lin, CEO of Sateri.

“The additional 1 million tonne capacity will be achieved through brownfield projects at our current operating locations. The new capacity will come on stream in phases from 2018 to 2020, subject to market conditions. By 2020, we expect to have over 1.6 million tonnes capacity, making us the largest producer of sustainably sourced and manufactured VSF in the world,” added Mr Tey.

More at Sateri.com.

Sukanto Tanoto Website

Sukanto Tanoto is a visionary entrepreneur and philanthropist. He is the Founder and Chairman of Royal Golden Eagle (RGE), which manages a global group of companies in resources manufacturing. Tanoto is also the co-founder of Tanoto Foundation, a philanthropy that aims to improve lives by alleviating poverty.