Asia Pacific Rayon secures loan to expand capacity
Asia Pacific Rayon, the largest integrated viscose fibre producer in Indonesia, has secured a syndicated loan facility worth IDR4.5trn (US$300m) from national banks and banks with international affiliates.
The company, which is vertically integrated in its supply chain from renewable fibre plantations to high-value textiles, plans to use the funds for continued capital investment in its production facilities in Pangkalan Kerinci, Riau.
For the full story, see the May 2021 edition of Textiles South East Asia.