The Jakarta Post
Diversified business group Royal Golden Eagle (RGE) — founded by conglomerate Sukanto Tanoto — is on track to build the first integrated viscose fiber factory in Indonesia, which it claims will help meet domestic demand of viscose and drive exports.
The factory is expected to be completed in 2018 and will be operated by Sateri Viscose International (SVI), part of the RGE Group.
The raw materials will come from RGE’s other business unit, Asia Pacific Resources International (APRIL), which plants acacia and eucalyptus and processes the plants into pulp.
“[SVI] will be the first viscose fiber producer in Indonesia with an integrated production chain. There are a few other producers today, but their raw materials are imported,” SVI director Thomas Handoko said on Friday.
Ground breaking of the Rp 14.9 trillion (US$1.11 billion) factory took place ear...