>>
Home / Knowledge / News / Textiles / Lenzing acquires share of 40% in Indonesian holding PGL

Lenzing acquires share of 40% in Indonesian holding PGL

28
Jul '09
The Lenzing Group acquired a share of 40% in the Indonesian holding PGL (Pura Golden Lion). PGL has been operating the local fiber sales of PT. South Pacific Viscose since the foundation of the latter. Moreover, PGL holds a share of approximately 12% in PT. South Pacific Viscose.

The 40% share in PGL was bought from APAC Centertex, a listed Indonesian spinning group. The parties agreed not to disclose the sales price. The enlargement of its indirect share in the subsidiary PT. South Pacific Viscose from 86% to 91% will strengthen Lenzing's position in the Indonesian and all other Asian fiber markets.

PT. APAC CITRA CENTERTEX PT. APAC Citra Centertex (ACC) was founded in 1987. The company is active in the textile and textile product business, as well as in investment holdings. ACC has been listed on the Jakarta Stock Exchange since 1989. The majority shareholder of ACC is Growth Solution Ltd (58.77%). Other shareholders are PT. Apac Century Corp (18.76%) and other public and smaller investment companies (22.47%). ACC is a shareholder of its subsidiary PT. Apac Inti Corpora (AIC).

The Lenzing Group is an international group of companies with its headquarters in Austria, production sites in all major markets and a global network of sales and marketing offices. Lenzing provides the global textile and nonwovens industry with high-quality cellulose fibers. The company is the leading supplier in many business-to-business markets – from cellulose fibers to special plastic polymer products.

The Lenzing Group


Must ReadView All

Pic: Shutterstock.com

Textiles | On 24th Jan 2022

World economy to lose $12.5 trn in output by 2024 due to COVID: IMF

The world economy will lose $12.5 trillion in output by 2024 due to...

Pic: Karin59 | Dreamstime.com

Textiles | On 24th Jan 2022

Investor confidence in Germany rises in Jan despite supply crunch

Investor confidence in Germany rose in January, say recent figures,...

Pic: Nikolay Antonov | Dreamstime.com

Textiles | On 24th Jan 2022

People's Bank of China cuts benchmark lending rates

China’s central bank has cut the benchmark lending rate of loan prime ...

Interviews View All

International apparel brands, Head honchos

International apparel brands
Head honchos

Launched first collection at onset of Covid

Textile Industry, Head honchos

Textile Industry
Head honchos

Luxury is not just about high prices but ability to create desire

Textile Industry, Head honchos

Textile Industry
Head honchos

Biggest learning was adaptability

Alberto Gotti,

Alberto Gotti

Danitech was born from the will of a group of technicians to offer the...

Klaus Bergmann,

Klaus Bergmann

German company Erbatech GmbH develops, designs and manufactures high end...

Chendhuran Sundar,

Chendhuran Sundar

Headquartered at Singapore, Crocodile is a global fashion and lifestyle...

Asif Rahman, MIP

Asif Rahman
MIP

MIP is a manufacturer and distributor of high-performance textiles and...

Sanjay Raut, Garware Technical Fibres Ltd

Sanjay Raut
Garware Technical Fibres Ltd

Garware Technical Fibres Ltd (formerly Garware-Wall Ropes Ltd) is a...

Madison Maxey, Loomia

Madison Maxey
Loomia

Loomia designs and manufactures soft circuit systems that can be produced...

Dahlia Razzrook, Label - Dahlia Razzook

Dahlia Razzrook
Label - Dahlia Razzook

London based designer, <b>Dahlia Razook</b> known for her luxury...

Abhishek Bajaj & Samiksha Bajaj, Samshek

Abhishek Bajaj & Samiksha Bajaj
Samshek

Samshek is a fashion forward tech brand which combines digital experience...

Gaurang Shah, Label Gaurang Shah

Gaurang Shah
Label Gaurang Shah

Hyderabad based designer <b>Gaurang Shah</b>, has been traversing the...

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

Leave your Comments

ESTEEMED CLIENTS

Lisa S.P.A.
Aramark Uniform ;& Career Apparel, LLC
Babyshop
Brandix Lanka Limited
SYNERGIES HONG KONG LIMITED
Arvind Limited
KAS Direct Sourcing
Chico’ FAS
Helly Hansen Far East Ltd
Alison Hayes Romania
Target Corporation (MN)
Decathlon
G-Star Raw C.V.
BIMBA ;& LOLA SL
THE BOMBAY DYEING ;& MFG.CO. LTD
Guess Europe Sagl,
John Varvatos
Restoque S.A.
International Textile Manufacturers Federation
Lacoste (Wanchai)
SHAHI Exports Pvt Ltd
C;&A Sourcing International Ltd
Sportswear Company Spa
Aquarelle Clothing Limited
Esprit Europe Services GmbH
Amazon China
Desigual - ABASIC, S.A.
LC Waikiki
Tchibo GmbH
Under Armour Global Sourcing Ltd
Puma
Gap International Sourcing Limited
Splash
OVS Hong Kong Sourcing Ltd.
Chori Company Limited
Hirdaramani International Export Private Limited
Eastman Chemical Company
TESCO INTERNATIONAL SOURCING LIMITED
Cat Tuong Real Estate Group Joint Stock Company
Sainsbury's Argos Asia Limited
Asos
Gloria Jeans
Deckers Outdoor (Guangzhou) Consultant Co., LTD.
NITI Aayog
Gokaldas Exports Limited
Benetton Group
H;&M Hennes ;& Mauritz (Far East) Ltd
Bluestem Global Sourcing Limited
Truetzschler India Private Limited
Lifestyle
MAS Active / MAS Kreeda / MAS Bodyline
Walmart
KIABI
Permoda(Koaj/Armi/Pronto/Bkul)
BIANCA
Maceton Limited
Phong Phu international JSC (PPJ)
Hela Clothing Pvt Ltd
The LYCRA Company Singapore  Pte. Ltd
Etam Group Strategy Hong Kong Limited
Sateri (Jiujiang) Fiber Co.,Ltd
Sportmaster Ltd.
IDH – The Sustainable Trade Initiative
Abit
Rosset ;& Cia Limited
T.T. Limited
The Top Form Brassiere Manufacturing Company Limited
Tory Burch Hong Kong Ltd
Rayonese Textile Inc., Division de Culp Inc.
Boardriders Asia Sourcing Limited
Lululemon Athletica Inc
BIRLA CENTURY A DIVISION OF CENTURY TEXTILES AND INDUSTRIES
Midas Clothing Limited
Calvin Klein
Recron Polyester from Reliance Industries Limited
Page Industries Limited (Bangalore)
Lenzing Aktiengesellschaft
Grasim Industries Limited
PVH Corporation
Groz-Beckert East Asia LLP
IKEA of Sweden AB
HYOSUNG CORPORATION INDIA PRIVATE LIMITED
J ;& P Coats
Alix Partners
Landmark Group
Reiter India Private Limited
Green Fibre
Vianney Textil Hogar S.A. De C.V.
Tommy Hilfiger
Gatsby Africa

January 2022

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


Advanced Search