Home / Knowledge / News / Textiles / P.T. South Pacific Viscose celebrates its 25th anniversary
P.T. South Pacific Viscose celebrates its 25th anniversary
09
May '08
Lenzing's full subsidiary, P.T. South Pacific Viscose (SPV), celebrates its 25th anniversary. The company is one of the largest producers of cellulose fibers world-wide and the second-largest production site of the Lenzing Group.

The company produces 155,000 tons of viscose fibers annually and production capacity is currently being expanded to a nominal 220,000 tons of viscose fibers annually at a total investment of EUR 106 mill. The program is expected to be completed in about two years. SPV is a central element of Lenzing's expansion strategy in Asia.

SPV in Purwakarta (Java) is still Lenzing's biggest non-Austrian investment and the biggest investment of any Austrian company in Indonesia. Lenzing's massive transfer of expertise and capital transformed a sickly start-up project of a group of Indian and Indonesian investors into one of the leading Asian producers of viscose.

Lenzing initially had acquired a minority share of 42% in 1978. Production started in 1983 with an annual capacity of 30,000 tons.

The company then supplied the budding Indonesian textile industry. Further expansion stages in 1990 and 1997 built up the export business and enhanced the textile fiber product portfolio with high-quality fibers for nonwovens.

Today SPV supplies all of the Asian market and exports to North America and Europe. With the exception of a few critical months during the economic crisis in Asia at the end of the nineties SPV has alwaysbeen a highly profitable company. In 2007 Lenzing raised its share in the company to 86%. The remainder is still owned by Indonesian investors.

Must ReadView All

Textiles | On 23rd Mar 2017

South Korean Samil Spinning acquires Buhler Quality Yarns

South Korean yarn producer Samil Spinning has acquired US based...

Apparel/Garments | On 23rd Mar 2017

E-retailers to pay up to 1% TCS under GST

E-retail marketplaces will need to deduct up to 1 per cent tax...

Textiles | On 23rd Mar 2017

Lanxess to expand chemical intermediates capacity

The Advanced Industrial Intermediates business unit of German...

Interviews View All

Janak Dhamanwala & Sunil Dhamanwala
Jansun

Moving towards sustainability is also a social change

Nitin Soni
Dolphin Jingwei Machines

Taxation policies need to be made simpler

Anshul Sood
Oceedee

‘Indian footwear market is nascent and largely a trend follower’

Paolo Ocleppo
Sandvik Hyperion

Paolo Ocleppo, Rotary Cutting Segment manager, Sandvik Hyperion discusses...

Mark Paterson
Technical Absorbents Ltd

Mark Paterson, R&D manager of Technical Absorbents Ltd talks about Super...

Lynda Kelly
Suominen Corporation

Suominen Corporation is a manufacturer of nonwovens as roll goods for...

Tony Ward
Tony Ward

"You have to truly understand what your client wants, know her needs, what ...

Yash P. Kotak
Bombay Hemp Company

One of the directors of Bombay Hemp Company, Yash P. Kotak, speaks to...

Rupa Sood and Sharan Apparao
Nayaab

Nayaab, an exhibition meant to celebrate Indian weaves, is in its second...

Press Release

Press Release

Letter to Editor

Letter to Editor

RSS Feed

RSS Feed

Submit your press release on


editorial@fibre2fashion.com

Letter To Editor






(Max. 8000 char.)

Search Companies





SEARCH

news category


Related Categories:
March 2017

March 2017

Subscribe today and get the latest update on Textiles, Fashion, Apparel and so on.

SUBSCRIBE


Browse Our Archives

GO


eNEWS
Insights
Subscribe today and get the latest News update in your mail box.
Advanced Search