Dissolving pulp producer Sateri International has issued an initial public offering (IPO) to help fund a 200,000-tonne/yr greenfield viscose staple fiber mill in southeast China, as well as an expansion of its existing mill in Brazil. The plan was revealed in a prospectus accompanying the IPO, which stated the Chinese mill will be constructed in Putian, Fujian province, at an estimate cost of $435 million.
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