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Latest updates on what's happening in RGE Group
At a construction site in Changjiang Town, Rugao, Nantong on the northern bank of the lower reaches of the Yangtze River, there are tower cranes, trucks, mixers, excavators and other machines busy at work. This is the site of the RGE (Rugao) Industrial Park, RGE’s largest integrated project in a single city and province in China. With a total investment of approximately RMB 41 billion (US$6.1B), the industrial park is also one of RGE’s four integrated manufacturing bases in China.
The industrial park will include mills with an annual capacity of 2 million tons of food-grade high-grade ivory board, 1 million tonnes of fine paper, and 0.2 million tonnes of Lyocell, as well as co-generation, high added value industrial extension and logistics facilities. RGE is committed to making the industrial park a green, energy-saving and eco-friendly smart manufacturing base that is first-class in China and even the world.
In June 2020, the contract signing of RGE (Rugao) Industrial Park project was presided over by Mr. Sukanto Tanoto, Chairman of RGE, and Mr. Lou Qinjian, the then Secretary of CPC Jiangsu. The construction of the industrial park project kicked off in March 2021.
In the past year, the project construction progressed quickly thanks to the close communication and collaboration between RGE and the local government and other stakeholders.
In May 2022, construction of Phase I of the industry park commenced. Phase I comprises Asia Symbol (Jiangsu)’s facility with an annual capacity of 1 million tons high-grade ivory board and Sateri (Nantong)’s facility which can produce 0.1 million tons new solvent-spun cellulose fibre per annum.
Among them, the high-grade ivory board facility, with a planned total investment of about RMB 6.5 billion (US$970M), will become the only zero industrial wastewater discharge project in China’s paper industry, and its products are 100% degradable food-grade wrappers, an effective substitute for plastic products. Meanwhile, the new solvent-spun cellulose fiber facility, with a planned total investment of around RMB 4 billion, will have green production process and produce 100% degradable products. It is in an emerging strategic industry of China. These projects are expected to be fully completed and start operation in the fourth quarter of 2023.
RGE Managing Director Belinda Tanoto said at the project commencement ceremony that Rugao is a bright pearl in the Yangtze River Delta region and an ideal for investors. In line with the operating philosophy of “doing good for the community, country, climate, customer and company”, RGE will leverage its capital, resources, technologies, talents and management expertise to further embed into the development the values of innovation, coordination, green, openness and sharing, so that it will be of world-class standards.
In the future, the RGE (Rugao) Industrial Park will further incorporate downstream projects such as the production of medical wet wipes, high-grade masks, food-grade colour printing packaging, to expand its presence in and adding value to the supply chain.