Viscose fibre producer Sateri is to acquire the viscose fibre business of Funing Aoyang Technology, in a move that will bring Sateri’s total number of viscose mills in China to six and boost its annual production capacity to more than 1.8m tonnes.
Funing Aoyang is a subsidiary of Jiangsu Aoyang Health Industry. The 330,000-tonne per annum mill that will be acquired by Sateri is located in Aoyang Industrial Park, Funing County, Jiangsu Province.
“This acquisition will boost Sateri’s market footprint and further strengthen our ability to serve customers in eastern and northern China. We will invest in advanced technologies to upgrade the mill so as to enhance its process technology, safety and environmental performance. Through better management and operational excellence, we hope to make a positive impact to the local economy and accelerate the sustainable development of the industry,” says Sateri president Allen Zhang.
Sateri is a member of the Royal Golden Eagle (RGE), group of companies, which has global operations spanning Indonesia, China, Brazil, Spain and Canada.
just-style spoke with Allen Zhang last year about starting production of lyocell fibres in China and launching a new commercial scale viscose fibre made from recycled textile waste – all in the midst of a global pandemic: Why Sateri sees Covid-19 as an industry wake-up call – Interview.