JAKARTA, Indonesia, April 12, 2021-

Asia Pacific Rayon (APR), the largest integrated rayon fibre producer in Indonesia, today announced that it has secured a syndicated loan facility of Rp 4.5 trillion (US$300 million) with national and international affiliated banks. The funding will be used to support continued capital investment in the company’s production facilities at Pangkalan Kerinci, Riau Province, Sumatra.

APR is vertically integrated through its supply chain, from renewable fibre plantations to high-value textile development. It commenced operations in 2019 and was formally inaugurated by President Jokowi Widodo in February 2020. APR plans to increase its production capacity over the coming year to capture the strong growth potential of viscose staple fibre (VSF), strengthening its market position in Indonesia and in export markets across the region. APR is a member of the RGE group of companies. RGE manages a group of resource-based manufacturing companies with global operations.

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