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

Courtesy: Sympatex Technologies

Textiles | On 23rd Feb 2018

Sympatex, Ricosta jointly move towards sustainability

Sympatex Technologies is moving towards sustainability with its...

Courtesy: Business wire

Information Technology | On 23rd Feb 2018

CLO Virtual Fashion launches CLO 4.0 & new website

CLO Virtual Fashion, a leading developer of cutting-edge 3D garment...

HKL Magu welcomes Amitabh Kant, CEO, NITI Aayog; Courtesy: AEPC

Apparel/Garments | On 23rd Feb 2018

AEPC completes 40 years of operation

The Apparel Export Promotion Council (AEPC) has successfully...

Interviews View All

Stefan Warnaar
Peak to Plateau

People are willing to pay for quality and performance

Smarth Bansal
Colorjet India Limited

We would like to venture more companies into the Indian market

Cyril Pereira
Reed Exhibitions India, organiser of Asian Machine Tool Exhibition 2016

'Major problem in the textile machinery manufacturing industry is the lack ...

Sandip Bhojani, Manthan Patel

Krypthm Tradelink LLP is a Surat-based manufacturer of westernwear....

Vikas Banduke

Softech Controls Private Limited (SCPL) is a part of the Cotmac Group, an...

Ravindra Jain, Ashish Baid

Oswal Prints Private Limited has been manufacturing and exporting ethnic...

Marten Alkhagen
Swerea IVF AB

Marten Alkhagen, Senior Scientist - Nonwoven and Technical Textiles of...

Marcel Alberts
Eurofibers

Coating at a fibre level is a practice not usually seen in the...

Johan Berlin
InvestKonsult Sweden AB

Investkonsult Sweden AB has been buying and selling second-hand textile...

Sanjukta Dutta
Sanjukta's Studio

<b>Sanjukta Dutta</b> creates unique garments by clubbing prints of...

Anisha Chaudhari
Threads & Shirts

Threads &amp; Shirts is a freshly-tailored concept providing men/women a...

Akta Adani
India Boulevard

India Boulevard is a San Francisco-based curated fashion marketplace that...

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

February 2018

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

news category


Related Categories:

Planning to Take the Leap towards
Sustainability?

Do you see sustainability as a route to business growth?

Yes No

Do you think the sustainability space has the needed tools and resources available for a business to lead change?

Yes No

Active Poll

Do you see sustainability as a route to business growth?

Yes
70.6%
No
12.7%
Skip
16.7%

Total Votes: 102

Do you think adopting a sustainable approach will be a profitable move for your business?

Yes No

Active Poll

Do you think the sustainability space has the needed tools and resources available for a business to lead change?

Yes
63.7%
No
29.4%
Skip
6.9%

Total Votes: 102

Do you want the world to know about your sustainability journey and your business’ environmental footprint?

Yes No

Active Poll

Do you think adopting a sustainable approach will be a profitable move for your business?

Yes
88.2%
No
8.8%
Skip
2.9%

Total Votes: 102

Thanks for your valuable feedback. Claim your free latest sustainability e-book.

Active Poll

Do you want the world to know about your sustainability journey and your business’ environmental footprint?

Yes
83.3%
No
7.8%
Skip
8.8%

Total Votes: 102


E-News Insight
Subscribe Today and Get the
Latest News Update in Your Mail Box.
Advanced Search