Sritex to set up state-of-the-art Rayon Fibre (RF) plant

Date: 
Thu, 2011-05-19 (All day)

On the occasion of the Islamic Development Bank - IDB Group Day in Jakarta, Indonesia (May 11, 2011), the Islamic Corporation for the Development of the Private Sector ( ICD) and Sritex Group signed a term sheet for a USD 140 Million Syndicated Islamic Facility. ICD is the Mandated Lead Arranger for the facility and is likely to commit a significant participation in the transaction.

ICD is in the final stage of the project’s Due Diligence conducted in collaboration with a number of renown international consultants. A number of Indonesia’s largest banks have expressed their interests in participating in this project.

The project involves setting up of a state-of-the-art Rayon Fibre (RF) plant with an estimated annual production capacity of 80,000 tons. The project site spanning over 65 hectares is located in the Central Java Province, Indonesia. The total covered area of the plant will be 45 hectares. .

The project will be a downstream industry in a chain of backward linkage units in the textile industry. The Sritex Group is already operating a number of apparel production, weaving and spinning units. Therefore, the project will help in reducing the importation cost of Rayon Fibre, making the whole Group gain a competitive edge.

Rayon Fibre (RF) also known as Viscose Staple Fibre (VSF) is a man-made fibre which is 100% natural, manufactured from either dissolving grade wood pulp or cotton linter pulp, both sustainable natural resources. As compared to other types of fibre, VSF is considered superior because of its brighter, softer/silkier feel, higher moisture absorbance, better static absorbance, higher uniformity, and eco-friendliness.

From a mere handprint factory, PT Sri Rejeki Isman (Sritex) is now an integrated textile factory with the most modern machineries. Behind high spirit for innovation, lies a long journey. Sritex started as a trading company namely “Sri Rejeki” that was established in 1966 in Klewer market, Solo, Central Java, Indonesia.

Highlights
  • IIAE 2020

    Indonesia International Amusement and Leisure EXPO 2020

    16 - 18 September 2020 -

  • IBTE 2020

    Indonesia International Baby Products & Toys Expo 2020

    16 - 18 September 2020 -

  • IGHE 2020

    Indonesia International Gift and Home EXPO 2020

    16 - 18 September 2020 -

  • PAPER INDONESIA 2020

    Indonesia International Exhibition for Pulp, Paper, Converting, Tissue and Packaging Industries

    25 - 27 November 2020 -

  • IIME & ENERGY INDONESIA 2020

    Indonesia International Machinery and Electronic Product

    25 - 27 November 2020 -

  • IEAE 2020

    Indonesia International Electronic and Smart Appliance Exhibition 2020

    25 - 27 November 2020 -

  • Chexpo Asean 2020

    Indonesia-China Asean Healthplex Expo 2020

    25 - 27 November 2020 -

  • INDO INTERTEX 2021

    The Indonesia International Textile and Garment Machinery & Accessories Exhibition

    30 March 2021 - 01 April 2021 -

  • INDO TEXPRINT 2021

    Indonesia International Digital Textile and Screen Printing Exhibition

    30 March 2021 - 01 April 2021 -

  • INATEX 2021

    Indonesia International Nonwoven Home Textile Apparel Accessories Exhibition

    30 March 2021 - 01 April 2021 -