Printer Friendly

Lenzing acquires share in Indonesian firm.

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 PacificViscose from 86% to 91%. This is expected to strengthen Lenzing's position in the Indonesian and all other Asian fiber markets.

COPYRIGHT 2009 Rodman Publishing
No portion of this article can be reproduced without the express written permission from the copyright holder.
Copyright 2009 Gale, Cengage Learning. All rights reserved.

Article Details
Printer friendly Cite/link Email Feedback
Title Annotation:Top Of The News: All the News That's Fit to Print
Publication:Nonwovens Industry
Article Type:Brief article
Geographic Code:9INDO
Date:Sep 1, 2009
Previous Article:K-C adds flushable wipes for sensitive skin.
Next Article:JM, ECD Partner.

Related Articles
Lenzing signs JV to produce cellulose in Brazil.
Acordis To Close German Plant, Transfer Activities.
Lenzing introduces absorbent fiber. (Nonwovens News).
Lenzing changes name; looks to future.
Lenzing fibers excellence in nonwovens.
Lenzing chair denies sale rumors.

Terms of use | Privacy policy | Copyright © 2019 Farlex, Inc. | Feedback | For webmasters