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.

GlobalData Strategic Intelligence

US Tariffs are shifting - will you react or anticipate?

Don’t let policy changes catch you off guard. Stay proactive with real-time data and expert analysis.

By GlobalData

Just Style Excellence Awards - The Benefits of Entering

Gain the recognition you deserve! The Just Style Excellence Awards celebrate innovation, leadership, and impact. By entering, you showcase your achievements, elevate your industry profile, and position yourself among top leaders driving apparel and textile industry advancements. Don’t miss your chance to stand out—submit your entry today!

Nominate Now