Indorayon buys Kemira<\/p>\n
JAKARTA (JP): Asia Pacific Forest Products Ltd., a subsidiary
\nof PT Inti Indorayon Utama (Indorayon) has acquired 100 percent
\nof the shares of Finnish viscose fiber producer Kemira Fibers Oy.<\/p>\n
Indorayon director Brett G. Hutton said in a statement sent to
\nThe Jakarta Post yesterday the acquisition of the third largest
\nEuropean viscose fiber producer was completed May 1.<\/p>\n
He said Indorayon would benefit from Kemira's expertise in
\nfiber product technology and its European market.<\/p>\n
Kemira is reportedly Europe's third largest producer of
\nviscose fiber for textile and non-woven application with an
\nannual production capacity of 65,000 tons.<\/p>\n
Indorayon is a major manufacturer of paper pulp and rayon
\nfiber in North Sumatra with an annual capacity of 240,000 tons of
\nmarket pulp, including 180,000 tons of dissolving pulp and 60,000
\ntons of rayon fiber.<\/p>\n
The company, listed on the Jakarta and Surabaya stock
\nexchanges, is 61.3 percent owned by Asia Pacific Resources
\nInternational Ltd which is listed on the New York Stock Exchange.
\n(jsk)<\/p>",
"url": "https:\/\/jawawa.id\/newsitem\/indorayon-buys-kemira-1447893297",
"image": ""
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"sponsor": "Okusi Associates",
"sponsor_url": "https:\/\/okusiassociates.com"
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