Sateri

Sateri

Sateri is a business group of Royal Golden Eagle and was founded by entrepreneur and philanthropist Sukanto Tanoto.

Sateri started operating in 2002 when it began building a viscose staple fibre (VSF) mill near the city of Jiujiang in southeastern China. Sateri (Jiangxi) Chemical Fibre Co Ltd's plant went into commercial production in 2004.

In 2010, Sukanto Tanoto established an intermediate holding company Sateri Holdings. In the same year, Sateri Holdings became a listed company in the Hong Kong stock exchange. The listed company owned the wood pulp and viscose staple fiber factories in Brazil and China respectively.

Sateri's second plant – Sateri (Fujian) Fibre Co. Ltd in Putian – opened in 2013.

In 2014, the listed company, Sateri Holdings, sold their Chinese factories to their controlling shareholder. Those factories were under the Sateri business division. Soon after, the listed company was renamed to Bracell Limited. However, the listed company was also privatized in 2016.

In June 2015, Sateri launched its third mill in China – Sateri (Jiujiang) Fibre Co. Ltd. – by completing the acquisition of a plant from Jiangxi Longda.

In May 2016, Sateri China Holdings bought a controlling stake in Linz (Nanjing) Viscose Yarn Co. Ltd. The spinning mill, set up in 2007 by Austria's Linz Textil, makes high-quality viscose yarn products that are exported worldwide.

In April 2019 Sateri acquired its fourth mill, the Jiangsu Xiangsheng Viscose Fiber company.

According to the company, it does not use wood pulp from natural, ancient or endangered forests, forests of high conservation value or high carbon stock, or habitats of endangered species. Sateri's Pulp Sourcing Policy and Sustainability Policy apply to all of its dissolving wood pulp suppliers.

The three plants in China have Chain of Custody certification from the Programme for the Endorsement of Forest Certification (PEFC) and are certified under ISO 9001 and ISO 14001. The company has stated that it has Swiss-based Oeko-Tex certification and describes its fiber products as "free from harmful substances" while "complies with European Union regulations."

In the same year, Sateri, together with nine leading global viscose producers and two trade associations, founded the ‘Collaboration for Sustainable Development of Viscose’ (CV), an industry initiative to address sustainability challenges and drive market transformation.

As part of the Royal Golden Eagle (RGE) group, Sateri plans to invest US$200 million over the next ten years into cellulosic textile fiber research and development. The investment revealed ahead of the Textile Exchange Sustainability Conference in Vancouver will support alternative cellulose or plant-based feedstock and closed-loop manufacturing solutions.