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).
When APRIL Group's Indonesia operations PT RAPP started operations in Pangkalan Kerinci in the early 1990s, it not only provided employment for thousands and contributed to improving the socio-cultural and economic vibrancy of the area, but created many opportunities for locals via partnerships.
Apical Group, one of the world's largest palm oil exporters, made a strategic acquisition of Spain-based Bio-Oils on July 5, 2016. Apical Group now holds 67.7% stake, which is valued at USD 49 million.
A record 300 Tanoto scholars convened at the recent annual Tanoto Scholars Gathering in Pangkalan Kerinci. Officially opened by Tanoto Foundation board of trustees member Anderson Tanoto, this year's Tanoto Scholars Gathering, as with previous Gatherings, saw a series of seminars, activities and events that fostered character-building, team-bonding, and also greater awareness and sense of responsibility to the community, country and climate. These are aimed a fostering Indonesia's next generation of leaders.
Tanoto Foundation Board of Trustees member Belinda Tanoto joined top philanthropists, business families and influential impact investors at the UBS Philanthropy Forum Asia in Singapore in June 2016. She shared her insights on how the Foundation tackles complex and challenging issues in Indonesia’s education system.
Asian Agri organised a cooking oil bazaar ("Bazaar Minyak Goreng" or "Bazaar Migor") at the Indonesian Trade Ministry's Pasar Murah event in June 2016.
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