04 Dec, 2017
Sateri officially breaks ground for expansion of Jiujiang mill
Sateri, a leading global producer of high-quality viscose, officially broke ground on November 27 for its 1-million-ton project in the Chinese city of Jiujiang.
The 12 billion yuan (US$1.82 billion) project in Lianxi District is Sateri’s third production site in Jiujiang and will be executed in four phases to reach a total of 1 million tons. Including other production bases in China and internationally, Sateri plans to build up to 3 million tons of annual capacity of viscose fibre by 2025, with the pace of expansion adjusted according to market conditions.
During the ceremony, attended by Sateri’s top management and senior government officials from Jiujiang City, Sateri also announced that its ongoing 160,000-ton viscose expansion project in Hukou County in Jiujiang is progressing smoothly and is expected to begin production in early 2018.
“Sateri is already the biggest producer of viscose in China from our three modern mills,” said Sateri CEO Tey Wei Lin. “These expansion projects in Jiangxi province will catapult Sateri into the top spot globally while also underscoring our role as an industry leader in responsible sourcing, responsible production and sustainability.”
As part of its expansion, Sateri is working with the local governments to attract top enterprises to invest in upstream and downstream industries, establishing a complete industrial supply chain that will support the creation of thousands of jobs.