OREANDA-NEWS. August 30, 2013. Sateri Holdings Limited will focus on completing its VSF project in Fujian, China, which is scheduled to be operational by the end of this year.

Total investment is expected to be approximately RMB3.5 billion (USD 550 million), supported by committed project finance facilities of RMB2 billion. Total capital expenditure up to 30 June 2013 amounted to USD 355 million, as the company said in the press release received by Lesprom Network.

When the project is complete, it will add 200,000 metric tons of VSF production capacity on top of its existing 160,000 metric tons capacity in Jiangxi, China. The new mill will bring to Sateri enhanced capacity balance along the rayon-viscose value chain, increase its penetration into the specialty VSF markets (such as non-woven), and thus enhance Sateri’s competitive positioning in the VSF market.

The Group will continue to manage dynamically the production and sales mix of its DWP and VSF products in order to maximize long-term shareholder value from its integrated business platform.

Sateri Holdings Limited is one of the largest specialty cellulose producers in the world.