Notice: Function _load_textdomain_just_in_time was called incorrectly. Translation loading for the wordpress-seo domain was triggered too early. This is usually an indicator for some code in the plugin or theme running too early. Translations should be loaded at the init action or later. Please see Debugging in WordPress for more information. (This message was added in version 6.7.0.) in /var/www/html/wp-includes/functions.php on line 6260 Lenzing Acquires Share in Indonesian Viscose Supplier - Nonwovens Industry

What are you searching for?

Sign in
Nonwovens News

Lenzing Acquires Share in Indonesian Viscose Supplier

Move strengthens position in Indonesia and rest of Europe.

Author Image

By: Karen McIntyre

Editor, Nonwovens Industry

The Lenzing Group has acquired a 40% share in the Indonesian holding group PGL (Pura Golden Lion). PGL has been handling the local fiber sales of PT. South Pacific Viscose since its incorporation and holds a 12% share in the fiber manufacturer. Lenzing purchased the 40% share from APAC Centertex, a listed Indonesian spinning group, for an undisclosed sale price. The purchase increases Lenzing’s indirect share in PT. South Pacific Viscose from 86% to 91%. This is expected to strengthen Lenzing’s position in the Indonesian and all other Asian fiber markets.

Add us as a preferred source on Google

Get the latest Nonwovens Industry news, insights and analysis in your Google Search and AI experiences.

Add Nonwovens Industry as a preferred source on Google (opens in a new tab)

Keep Up With Our Content. Subscribe To Nonwovens Industry Newsletters