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Sateri’s nonwovens project officially settled in Shizishan High-tech Zone
On May 23, Sateri Group's high-end spunlace non-woven project investment agreement was delivered to the Shizishan High-tech Zone Management Committee by mail, marking the official settlement of the project in Shizishan High-tech Zone.
Sateri is affiliated to the world-renowned RGE Group, which is currently the world's largest cellulose fiber manufacturer with an annual production capacity of 1.5 million tons. After the completion of the Tongling base, it will become the group's 8th manufacturing base in Chinese mainland. The total investment of the proposed project exceeds 1 billion yuan, and the fixed asset investment of the phase I project is more than 550 million yuan, covering an area of about 160mu to build 4 high-end spunlace nonwovens lines with an annual production capacity of 37kt, supporting Jieya Bio-tech Co., Ltd and the Yangtze River Delta regional market, with an annual output value of about 1 billion yuan.
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