Sateri
| Company type | Division |
|---|---|
| Industry | Textile manufacturing |
| Founded | 2002 |
| Founder | Sukanto Tanoto |
| Headquarters | China |
Area served | China, Brazil |
| Parent | Royal Golden Eagle |
Sateri operates as a division within Royal Golden Eagle (RGE), focusing on the production of viscose rayon.
Sateri
Established by entrepreneur Sukanto Tanoto and overseen by Royal Golden Eagle, Sateri commenced its activities in 2002 with the development of a viscose staple fibre (VSF) manufacturing facility near Jiujiang, China. This factory started commercial operations in 2004.
In 2010, Tanoto created Sateri Holdings as an intermediate holding entity, which was subsequently listed on the Hong Kong stock exchange during the same year. This publicly traded company held ownership of wood pulp and viscose staple fiber plants located in both Brazil and China.
The company expanded its capacity with the inauguration of a second facility, Sateri (Fujian) Fibre Co. Ltd, situated in Putian, which began operations in 2013.
In 2014, Sateri Holdings divested its Chinese manufacturing assets to its principal shareholder, leading to the formation of the current Sateri business unit. Following this transaction, the listed company was renamed Bracell Limited and later privatized in 2016.
June 2015 marked the opening of Sateri's third Chinese mill—Sateri (Jiujiang) Fibre Co. Ltd—acquired from Jiangxi Longda.
In May 2016, Sateri China Holdings secured a majority interest in Linz (Nanjing) Viscose Yarn Co. Ltd, a spinning facility founded by Austria’s Linz Textil in 2007 that specializes in producing premium viscose yarns for international markets.
Further growth occurred in April 2019 with the acquisition of Jiangsu Xiangsheng Viscose Fiber company, representing Sateri’s fourth mill within China.
Operations
Sateri asserts that it refrains from sourcing wood pulp derived from natural, ancient, endangered forests, areas designated as high conservation value forests or high carbon stock regions, or habitats inhabited by endangered species. These criteria are enforced through its Pulp Sourcing and Sustainability Policies applicable to all dissolving wood pulp suppliers.
All three of Sateri’s Chinese manufacturing sites have obtained Chain of Custody certification under the Programme for the Endorsement of Forest Certification (PEFC), alongside ISO 9001 and ISO 14001 certifications. Additionally, Sateri holds Oeko-Tex certification from Switzerland, promoting its fiber products as free from harmful substances and compliant with European Union regulatory standards.
In 2018, Sateri co-established the ‘Collaboration for Sustainable Development of Viscose’ (CV) alongside nine other global viscose manufacturers and two industry trade associations to collaboratively tackle sustainability challenges and encourage market-wide transformation.
As a member of the Royal Golden Eagle (RGE) group, Sateri has committed to investing US$200 million over a decade dedicated to research and development in cellulosic textile fibers. This funding emphasizes exploring alternative cellulose or plant-derived feedstocks and implementing closed-loop manufacturing processes.
In March 2020, Sateri reached a commercial milestone by producing viscose utilizing recycled textile waste and introduced Finex, its recycled fiber brand—an abbreviation for ‘Fibre Next’—which signifies next-generation cellulosic fiber incorporating recycled materials.
By May 2020, Sateri commenced lyocell production at its facility in Rizhao, Shandong province, China, further broadening its portfolio in sustainable textile fibers.
Ownership
Between 2010 and 2016, the operations of Sateri were publicly traded under the name "Sateri Holdings Limited" on the Hong Kong stock exchange. At that time, the majority ownership was held by Sukanto Tanoto along with his family members.
In 2014, the viscose staple fiber (VSF) segment of Sateri's business in China was divested to Royal Golden Eagle, a company also under Tanoto's control. Subsequently, the publicly listed entity underwent a name change to "Bracell Limited" on 30 January 2015. Later, in October 2016, Royal Golden Eagle completed the privatization of this company.