Austria-based cellulosic fiber and polymer producer The Lenzing Group has purchased a 40-percent
stake in Indonesia-based Pura Golden Lion (PGL) from Indonesia-based spinning group PT APAC Citra
Centertex. Terms of the transaction were not disclosed.
The acquisition also increases Lenzing’s indirect share in Indonesia-based subsidiary viscose
staple-fiber manufacturer PT South Pacific Viscose – of which PGL holds a 12-percent share – from
86 percent to 91 percent.
Lenzing reports the new acquisition will strengthen its position in the Indonesian and Asian
fiber markets.
August 19, 2009