Capital Weekly Recognizes Sateri Holdings for Fourth Year in a Row

For the fourth consecutive year, Sateri Holdings Limited received an award from the prestigious publication Capital Weekly. The publication’s Listed Enterprise Excellence Award recognizes companies that demonstrate outstanding abilities to develop high-quality corporate governance structures, nurture positive investor relations, and deliver significant returns on investment through maintaining sound business strategies. The award additionally promotes corporate social responsibility by acknowledging major CSR contributions on the part of the honored companies.

Sateri Holdings is part of the internationally known RGE Group headed by Indonesian entrepreneur and philanthropist Sukanto Tanoto. Listed on the Hong Kong Stock Exchange, as well as the Hong Kong Small Cap Index of Morgan Stanley Capital International, the company focuses on production of the viscose staple fiber that is a vital component in the manufacturing of medical and personal care supplies, textiles, and other consumer products. By the start of 2015, Sateri had moved out of other aspects of its operations to concentrate solely on its viscose staple fiber business. Sateri now does business only in Mainland China as a brand within the Pacific Viscose Limited group.

Sukanto Tanoto, who grew RGE from a small family-run business into a multi-faceted natural resources manufacturing firm worth an estimated $15 billion, works to promote the interests not only of his companies, but also of his country and community. This is one reason the CSR aspect of the Capital Weekly award is particularly meaningful.

Capital Weekly, published in Chinese in Hong Kong, is devoted to delivering news about the international investment market, trends in the global economy, and political events that affect money and trade. The publication takes both a micro and a macro look at developing stories, and offers its readers guides for investing over the short, medium, and long term. Capital Weekly’s publisher, South China Media Limited, believes that it fills a need not supplied by other financial publications, in that it aims to include a range of viewpoints and commentary from multiple perspectives.

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Sateri Wins Award and Narrows Its Focus

Sateri Holdings Limited, one of the world’s leading producers of wood pulp cellulose and viscose staple fiber, recently earned a fourth consecutive award for its business practices from the prestigious business publication Capital Weekly. The magazine, based in Hong Kong, regularly presents its Listed Enterprise Excellence Award to companies operating in its administrative region. In 2014, only 18 companies out of a total of 1,500 met the publication’s criteria for success in general business strategy, dedication to corporate social responsibility, and best practices in corporate governance and investor relations. Sateri is one of the companies operated under the $15 billion RGE Group, founded by Sukanto Tanoto, one of Indonesia’s most prominent businessmen.

The Capital Weekly award only recognizes companies performing at the top of their game. For example, in 2010, international sports apparel manufacturer China Dongxiang (Group) Co., Ltd., received the award, as did NVC Lighting Holding Ltd., also one of the world’s leaders in its field. In 2012, the Hong Kong-based utility Towngas earned its second consecutive Capital Weekly award in acknowledgement of its 150 years of providing a reliable and safe source of energy for the region. In 2013, Luk Fook Holdings (International) Limited, which maintains more than 1,300 retail shops worldwide, was among the companies so honored.

This year, Sateri shared the Capital Weekly acknowledgement with several notable corporations, such as e Lighting Group Holdings Limited, a leading Hong Kong-based designer and seller of furniture and lighting products established in 2003.

At the time of the award, Sateri had recently announced a move toward a more focused business strategy by selling off its viscose staple fiber operations. The company will  concentrate on its dissolving wood pulp business, particularly the high-value specialty grade market. Because of the very high purity of its product, and its widespread demand in a variety of industrial applications, the dissolving wood pulp division promises to deliver the best return on investment to shareholders. In addition, because of the multiple difficulties associated with entering this tightly focused market, Sateri is well positioned to increase its dominance of the industry.

Sateri – Award-Winning Supplier of Cellulose-Based Materials

As an entrepreneur, Sukanto Tanoto is always looking for ways to expand the business. One of the bold movements he took was to list Sateri on Hong Kong Stock Exchange. After calculating the risk, he went ahead to enter the market and without losing his focus along the way, Sateri is now a well recognised company, receiving awards for its success.

In 2014, Sukanto Tanoto’s RGE Group company 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, presented by the continent-spanning publication Corporate Governance Asia as part of its effort to encourage superior business practices throughout the region, highlighted Sateri’s record of success in corporate governance and investor relationships. Under the direction of RGE Group CEO and founder Sukanto Tanoto, Sateri works to maintain high-quality and environmentally sustainable business practices in every aspect of the company’s operations.

 

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Headquartered in Shanghai and Hong Kong, 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.

Being a socially responsible entrepreneur, 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.