Founded by Sukanto Tanoto and his wife Tinah Bingei, Tanoto Foundation fights poverty with three strategic thrusts in Education, Empowerment and Enhancement of Quality of Lives (known as the 3...
In 2014, Sateri Holdings Limited, a major international producer of cellulose products with manufacturing and production facilities in Brazil and China, received its third Asian Excellence Recognition Award in a row.
The award was presented by the continent-spanning publication Corporate Governance Asia as part of efforts to encourage superior business practices in the region. It credited Sateri’s record of success in corporate governance and investor relationships. Sateri works to maintain high-quality and environmentally sustainable business practices in every aspect of the company’s operations.
Sateri is part of the RGE group of companies founded and led by Sukanto Tanoto. Listed on the Hong Kong Stock Exchange, Sateri produces a variety of grades of highly pure, dissolving wood-pulp products, as well as viscose staple fiber, for an increasingly demanding market.
The company’s Brazil-based upstream operation, located on 150,000 hectares of land farmed by freeholders, consists of a plantation sustaining renewable eucalyptus growth, as well as a wood-pulp mill. In China, Sateri’s downstream production facility processes dissolving wood pulp into viscose staple fiber.
Sateri wood pulp and viscose products are frequently used in nail polish, lip gloss, shaving cream, high-performing automobile tires, baby wipes and other personal care and sanitary products, and a variety of textiles. Sateri viscose adds body to cosmetics, color and quality to fabrics, and stability to heavy-use products. In addition, Sateri products create thicker ice cream without adding unwanted extra calories, and thicken paints while keeping them easy to brush on surfaces.
Commitment to the environment
Sateri and Sukanto Tanoto demonstrate their ongoing commitment to the environment by adhering to all relevant local and regional official regulations and striving for the highest possible quality in corporate social responsibility. For example, Sateri’s Brazil-based mill incorporates cutting-edge design standards and includes a chemical recovery operation that recycles as much as 95 percent of all chemicals utilized in the manufacturing process. The company’s Chinese and Brazilian facilities have received ISO 14001 certification for environmental management.
- Effective from December 17, 2014, the companies which operate the “Sateri” brand will solely be engaged in the viscose staple fiber business in Mainland China and be part of the Pacific Viscose Limited group of companies. For information about the listed company, Bracell Limited (1768.hk) and its subsidiaries, please go here.