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Acquired in Suining Australia, the Said Peter will expand its viscose, and the annual output will exceed 1.8 million tons.
Suining Australia is a subsidiary of Jiangsu Antang Health Industry Co., Ltd., listed company. According to the agreement, Saimi will acquire 330,000 tons of factory in Suining Australian Ocean in Jiangsu Province, Anyang Industrial Park in Suining County, Jiangsu Province. Scenley is a member of the RGE Group, RGE Group manages a batch of resources-based manufacturing companies, business all over Indonesia, China, Brazil, Spain and Canada.
ALLEN ZHANG said: "The acquisition will expand the market footprint of the Sales profit, further enhance our ability to serve the eastern part of China and the North." "We will invest advanced technology to upgrade the mill, To improve its process technology, safety and environmental performance. Through better management and excellent operation, we hope to have a positive impact on the local economy and accelerate the sustainable development of the industry. "
Last year, Saidaly launched the 2030 sustainable development vision to guide the company's future 10 years of strategic growth. The plan includes some compelling goals, including net zero-carbon emissions by 2050, and 98% of sulfur recovery rates in 2025, by 2025, using textile waste and producing 50% adhesive Products, reaching 100% in 2030, supporting more than 300,000 local families and small farmers development sustainable livelihoods.
This is also considered to have a response to the 2018 CANopy "Hot Button" report. The report is a snapshot of the adhesive producer, in which Said is "red jacket" because its wood comes from " Plantation of high-carbon peatland ", these plantations store large amounts of carbon, due to global warming and climate change, these carbon may be released into the atmosphere.
CaNopy said in a new update last year, "Although there are still many jobs to be solved, the preliminary initiative of Said will make CANopy deeply encouraged and committed to continuous, constructive discussions and actions."
Said is considered to be the world's largest viscose fiber producer. The viscose fiber is a natural and sustainable raw material that can be used in the textile, clothing, baby wipes and personal hygiene products and other consumer products. The company produced approximately 1.5 million tons of viscose fibers in five five plants in China.
The Sales also produces yarns, water thorns, nonwovens and Lycell fibers.
In March of this year, the company said that it plans to expand Lycell capacity in China, reaching the annual output of 500,000 tons in 2025. Another 100,000 tons of factory will be completed in Nantong City, Jiangsu Province later this year.