Sateri acquires viscose mill in Jiangsu

摘要

Chinese viscose fibre producer Sateri has acquired Jiangsu Xiangsheng Viscose Fiber Co., Ltd. (Xiangsheng), which operates a viscose mill in Suqian City, Jiangsu Province with annual production capacity of about 250,000 metric tonnes (mt). Xiangsheng's mill will be renamed Sateri (Jiangsu) Fiber Co., Ltd. With this acquisition Sateri operates four viscose mills in China and claims that it will become the world's largest viscose producer, with a total annual production capacity of 1.1 million mt. Tey Wei Lin, CEO of Sateri, said: "This acquisition will enable Sateri to bring its high-quality viscose to more customers, especially in the northern China market."