On 17 June 2015, Sateri, the viscose staple fibre (VSF) business unit of the RGE Group, signed an agreement to invest RMB 11 billion in China’s Jiangxi province. RGE Chairman, Sukanto Tanoto, together with Party Secretary of Jiangxi Province Qiang Wei, Party Secretary of Jiujiang City Yin Mei Gen witnessed the signing ceremony in Singapore, during the Chinese delegation’s  China-Singapore Trade Cooperation trip.

With this agreement, Sateri will grow its investment in Jiujiang City four-fold since setting up the first wholly foreign-owned VSF manufacturing facility in 2003. Under this agreement, Sateri plans to expand in four phases in Hukou County, Jiujiang City.  When fully completed, its total VSF annual production capacity in Jiangxi is expected to reach 1 million metric tonnes, with an annual value of RMB 12.5 billion and employing more than 5,000 people. Combined with its 200,000 annual metric tonnes VSF plant in Fujian, Sateri is poised to be the one of the top VSF manufacturers in the world.

While addressing the Chinese delegates, Sukanto Tanoto shared that what influenced his decision on locating his VSF business in Jiangxi province, instead of other provinces, back in 2003, was “the warmth and sincerity of the Jiangxi provincial leadership”. Since then, Sateri has continued to benefit from the favourable investment & social climate in Jiujiang City.

Sateri’s production facility mainly produces high fibre strength and non-woven fibre products for the high-end market, and is one of the few makers of such types of products in China. Having operated for over a decade in Jiangxi province, Sukanto Tanoto is confident about China’s development and with the signing of this agreement, will continue to invest in and play an important role to assist Jiangxi province to achieve its target of becoming the major textile industry player in the whole of China. 

Read the news coverage in Chinese here.