Breaking News

Lenzing Acquires Share in Indonesian Viscose Supplier

July 30, 2009

Move strengthens position in Indonesia and rest of Europe.

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.
  • Advances in Ultrasonics

    Advances in Ultrasonics

    Tara Olivo, associate editor||January 2, 2017
    Ultrasonic suppliers’ improved bonding systems allow for softer, more comfortable absorbent hygiene products.

  • Private Label: Not About No Frills Anymore

    Karen McIntyre, Editor||January 2, 2017
    Competition in the diaper market focuses on quality, not value.

  • Hygiene Machinery Review

    Karen McIntyre, Editor||January 2, 2017
    The growing importance of adult incontinence plus a widespread need for increased flexibility has changed the game for makers