Sateri is a business division of

Royal Golden Eagle Royal Golden Eagle (RGE, also known as Raja Garuda Emas, previously Raja Garuda Mas) is global integrated, resource-based industrial group, with businesses in paper, palm oil, viscose, construction and energy, property and asset management. Owned ...

(RGE). It was formerly part of a listed company, Sateri Holdings Limited. RGE privatized the Sateri division in 2014, which the listed company was renamed to Bracell Limited in 2015. However, Bracell Limited was also privatized in 2016. Sateri is a

manufacturer Manufacturing is the creation or production of goods with the help of equipment, labor, machines, tools, and chemical or biological processing or formulation. It is the essence of secondary sector of the economy. The term may refer to ...

viscose Rayon is a semi-synthetic fiber, made from natural sources of regenerated cellulose, such as wood and related agricultural products. It has the same molecular structure as cellulose. It is also called viscose. Many types and grades of viscose ...

rayon, while Bracell is a manufacturer of wood pulp.

History

Sateri

Sateri is managed by

and was founded by entrepreneur and philanthropist

Sukanto Tanoto Sukanto Tanoto (; b. 25 December 1949) is an Indonesian businessman primarily involved in the lumber industry. After starting as a supplier of equipment and materials for the state-owned oil firm Pertamina, Tanoto moved into the forest industry ...

. Sateri started operating in 2002 when it began building a viscose staple fibre (VSF) mill near the city of

Jiujiang Jiujiang (), formerly transliterated Kiukiang or Kew Keang, is a prefecture-level city located on the southern shores of the Yangtze River in northwest Jiangxi Province, People's Republic of China. It is the second-largest prefecture-level city ...

in southeastern China. Sateri (

Jiangxi Jiangxi (; ; formerly romanized as Kiangsi or Chianghsi) is a landlocked province in the east of the People's Republic of China. Its major cities include Nanchang and Jiujiang. Spanning from the banks of the Yangtze river in the north int ...

) Chemical Fibre Co Ltd's plant went into commercial production in 2004. In 2010, Sukanto Tanoto established an intermediate holding company Sateri Holdings. In the same year, Sateri Holdings became a listed company in the Hong Kong stock exchange. The listed company owned the wood pulp and viscose staple fiber factories in Brazil and China respectively. Sateri's second plant – Sateri (Fujian) Fibre Co. Ltd in Putian – opened in 2013. In 2014, the listed company, Sateri Holdings, sold their Chinese factories to their controlling shareholder. Those factories were under the Sateri business division. Soon after, the listed company was renamed to Bracell Limited. However, the listed company was also privatized in 2016. In June 2015, Sateri launched its third mill in China – Sateri (

) Fibre Co. Ltd. – by completing the acquisition of a plant from Jiangxi Longda. In May 2016, Sateri China Holdings bought a controlling stake in Linz (

Nanjing Nanjing (; , Mandarin pronunciation: ), alternately romanized as Nanking, is the capital of Jiangsu province of the People's Republic of China. It is a sub-provincial city, a megacity, and the second largest city in the East China region. T ...

) Viscose Yarn Co. Ltd. The spinning mill, set up in 2007 by

Austria Austria, , bar, Östareich officially the Republic of Austria, is a country in the southern part of Central Europe, lying in the Eastern Alps. It is a federation of nine states, one of which is the capital, Vienna, the most populous ...

's Linz Textil, makes high-quality viscose yarn products that are exported worldwide. In April 2019 Sateri acquired its fourth mill, the Jiangsu Xiangsheng Viscose Fiber company.

Operations

According to the company, it does not use wood pulp from natural, ancient or endangered forests, forests of high conservation value or high carbon stock, or habitats of endangered species. Sateri's Pulp Sourcing Policy and Sustainability Policy apply to all of its dissolving wood pulp

suppliers In commerce, a supply chain is a network of facilities that procure raw materials, transform them into intermediate goods and then final products to customers through a distribution system. It refers to the network of organizations, people, activ ...

. The three plants in China have Chain of Custody certification from the Programme for the Endorsement of Forest Certification (PEFC) and are certified under

ISO 9001 The ISO 9000 family is a set of five quality management systems (QMS) standards that help organizations ensure they meet customer and other stakeholder needs within statutory and regulatory requirements related to a product or service. ISO ...

and ISO 14001. The company has stated that it has Swiss-based Oeko-Tex certification and describes its fiber products as "free from harmful substances" while "complies with

European Union regulations European, or Europeans, or Europeneans, may refer to: In general * ''European'', an adjective referring to something of, from, or related to Europe ** Ethnic groups in Europe ** Demographics of Europe ** European cuisine, the cuisines of Europe a ...

." In the same year, Sateri, together with nine leading global viscose producers and two trade associations, founded the ‘Collaboration for Sustainable Development of Viscose’ (CV), an industry initiative to address sustainability challenges and drive market transformation. As part of the Royal Golden Eagle (RGE) group, Sateri plans to invest US$200 million over the next ten years into cellulosic textile fiber research and development. The investment revealed ahead of the Textile Exchange Sustainability Conference in Vancouver will support alternative cellulose or plant-based feedstock and closed-loop manufacturing solutions. Following the announcement, Sateri achieved a breakthrough in the commercial production of viscose using recycled textile waste in March 2020. This is followed by the unveiling of Sateri’s Finex as its new product brand for recycled fiber. Finex, short for ‘Fibre Next,’ is an innovative next-generation cellulosic fiber-containing recycled content. In May 2020, Sateri began

Lyocell Lyocell, originally trademarked in 1982 as Tencel, is a form of regenerated cellulose. It consists of cellulose fibers, made by dissolving pulp and then reconstituting it by dry jet-wet spinning. The fiber is used to make textiles for clothing a ...

production in

Rizhao Rizhao (), alternatively romanized as Jihchao, is a prefecture-level city in southeastern Shandong province, China. It is situated on the coastline along the Yellow Sea, and features a major seaport. It borders Qingdao to the northeast, Weifang t ...

, Shandong, China.

Ownership

Sateri's businesses were previously listed as "Sateri Holdings Limited" on the Hong Kong stock exchange from 2010 to 2016. Sateri Holdings, as of 2010, was majority owned by

and his family. In 2014 Sateri Holdings VSF businesses in China, were sold to

, which was also controlled by the majority shareholder of the listed company, Sukanto Tanoto. The listed company was renamed to "Bracell Limited" on 30 January 2015 and then also privatised by Royal Golden Eagle in October 2016.

References

External links

*
Official website of Bracell
{{in lang, en, pt Companies formerly listed on the Hong Kong Stock Exchange Forest products companies of China Companies of Brazil