President of Indonesia Inaugurates Country’s Largest Integrated Viscose Rayon Production Facility

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  • Investment of Rp. 15 trillion
    (USD1,1 billion) in facility
  • Supports development of national
    textile industry and ‘Making Indonesia 4.0’ roadmap

PANGKALAN KERINCI, INDONESIA – Media OutReach – 21 February 2020 – The President of Indonesia, Joko
Widodo, today inaugurated Indonesia’s
largest integrated viscose rayon production facility, injecting a boost for the
country’s textile sector and the Indonesian Government’s industrial 4.0 development
strategy.

President of Indonesia Inaugurates Country's Largest Integrated Viscose Rayon Production Facility - Brand Spur

The President of Indonesia, Joko Widodo, pictured today at the ceremony to inaugurate Indonesia’s largest integrated viscose rayon production facility. The new Asia Pacific Rayon (APR) facility is located in Pangkalan Kerinci, Riau province, Sumatra. APR is part of the RGE (Royal Golden Eagle) group of resource-based manufacturing companies. Also pictured are RGE Founder and Chairman Sukanto Tanoto, and Anderson Tanoto, Director, RGE.
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President of Indonesia Inaugurates Country's Largest Integrated Viscose Rayon Production Facility - Brand Spur

The President of Indonesia, Joko Widodo (centre), pictured during a tour of the new Asia Pacific Rayon (APR) production facility in Pangkalan Kerinci, Riau province, Sumatra, with Anderson Tanoto, Director, RGE (left), RGE Founder and Chairman Sukanto Tanoto (centre/left), and the Minister of Industry, Agus Gumiwang Kartasasmita (right). APR is part of the RGE (Royal Golden Eagle) group of resource-based manufacturing companies. President Widodo today inaugurated the new APR facility, which is the largest integrated viscose rayon production facility in Indonesia.

 

The new Asia Pacific Rayon (APR) facility is located in the same
production complex as APRIL Group in Pangkalan Kerinci, Riau province, Sumatra.
This co-location allows integrated operations where renewable plantation pulp
supply from APRIL feeds directly to APR for viscose rayon production. The new
operation represents a total investment of approximately Rp.15 trillion (USD1.1
billion).

 

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The APR facility has an annual production capacity of 240,000 tons.  The inauguration ceremony included the signing
of a plaque by President Widodo and the symbolic sealing by the President of an
export container with 10,190 tons of viscose rayon fibre for shipment to Turkey,
one of APR’s key export markets, and another 12,000 tons to Central Java.  

 

The ceremony was also graced by the Minister of Industry, Agus
Gumiwang Kartasasmita, the Minister of Trade Agus Suparmanto, the Governor of
Riau, Syamsuar, RGE Founder and Chairman Sukanto Tanoto, and Anderson Tanoto, Director,
RGE.

 

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Speaking at the inauguration,
President Widodo welcomed APR’s investment in the development of the national
textile industry. The role of the private sector was influential in driving
economic growth, alongside the stimulus provided by the Government, he said.
“Our garment industry should be greater than Vietnam. We already have our own
raw materials here, such as viscose rayon, to support the industry,” he said.

 

Economic
Contribution

APR’s business aligns with President Jokowi’s vision to encourage more
value-added investment in the nation and the strengthening of the national
textile and textile product (TPT) industry, as set out in the Making Indonesia
4.0 Road map. In addition, the production of viscose rayon will reduce
dependence on the import of textile raw materials, particularly cotton, to meet
domestic demand.

Read Also:  Ultimaker Expands S-line Product Family with Ultimaker S3

 

Agus Gumiwang Kartasasmita,
Minister for Industry, said: “By optimising the availability and use of
raw materials originating from Indonesia, we can boost the performance of our
textile sector. This is just one of several steps we are taking to continue to
improve the performance and competitiveness of the labour-intensive industry.”

 

Basrie Kamba, Director APR, said: “The presence of APR
will have a positive impact on employment and business opportunities for small
and medium-sized businesses in the upstream and downstream sectors of the
textiles and textile products industry. We are honoured and grateful to
President Jokowi for inaugurating our new facility”.

 

In addition to Turkey, APR’s products are exported to 14 other countries
including key textile centres such as Pakistan, Bangladesh, Vietnam, Brazil, and various parts
of Europe. The products also support an expanding Indonesia fashion industry.

 

It is estimated that APR may generate foreign exchange revenues exceeding
Rp1.77 trillion (USD130 million) annually, and reduce dependence on imported
raw materials by about Rp2.01 trillion (USD149 million) annually.

 

Sustainable
Production

APR produces sustainable viscose rayon fiber from renewable, traceable
and biodegradable raw materials. The company’s raw materials are supplied by
APRIL Group, which is recognised as a responsible pulp producer through
national (Timber Legality Verification System) and international (Program for
the Endorsement of Forest Certification/PEFC) certifications.

 

APR is the first viscose rayon manufacturer in Indonesia to receive the
internationally recognised STeP certification from OEKO-TEX ®, an independent Swiss-based
certification organisation, for the responsible manufacturing of viscose staple
fibre.

 

APR has launched the
‘Everything Indonesia’ campaign to promote the sustainable sourcing and
production of fashion from Indonesia. The aim is to support Indonesia’s
resurgence as a global centre for textile manufacturing, and catalyse
home-grown fashion design and creativity.

About Asia Pacific Rayon:

Asia Pacific Rayon is the first
fully integrated viscose rayon producer in Asia. The factory with 240,000 ton
capacity, located in Pangkalan Kerinci, Riau, uses the latest production
technology to produce high-quality rayon to meet textile needs. APR is
committed to become a leading viscose rayon producer that has the principles of
sustainability, transparency and operational efficiency, serves the interests
of the community and the country, and provides value to customers. APR is part
of the RGE (Royal Golden Eagle) group of resource-based manufacturing companies.

President of Indonesia Inaugurates Country's Largest Integrated Viscose Rayon Production Facility - Brand Spur

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President of Indonesia Inaugurates Country's Largest Integrated Viscose Rayon Production Facility - Brand SpurPresident of Indonesia Inaugurates Country's Largest Integrated Viscose Rayon Production Facility - Brand Spur

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President of Indonesia Inaugurates Country's Largest Integrated Viscose Rayon Production Facility - Brand SpurPresident of Indonesia Inaugurates Country's Largest Integrated Viscose Rayon Production Facility - Brand Spur

Latest News

Cityneon Raises S$235 Million; Well Positioned for Next Growth Chapter

  • The global experience entertainment company gets a S$235 million shot in the arm, closes its private fund raising in April 2021
  • Investors both new and existing include Singapore's Pavilion Capital, Seatown Holdings International and EDBI, Qatar's Doha Venture Capital and financial institutions and family offices in Singapore and China
  • These now join other existing Cityneon shareholders CITIC Capital, veteran entrepreneur and investor Mr. Johnson Ko, and Executive Chairman & Group CEO Mr. Ron Tan
  • Funding comes just after the Group acquired multi-year licensing rights for James Cameron's AVATAR touring exhibition, and two original artefacts IP on the ancient civilization Machu Picchu from Peru and Ramses the Great (Ramses II) from Egypt
  • Investments position the Group well to bring experiences across the globe, targeting to launch six experiences in China and five in the U.S. by the end of 2021, with more in other parts of the world
Read Also:  Hugill & Ip continues to push its D&I agenda with the private screening of "Suk Suk"

SINGAPORE - Media OutReach - 21 April 2021 - Cityneon Holdings ("Cityneon", the "Company"/collectively with its subsidiaries, the "Group") raised S$235 million in the most recent round of private funding. The latest round of funding adds seasoned investors to Cityneon's already strong stable of shareholders.

This funding round was led by Singapore's Pavilion Capital, Seatown Holdings International, EDBI, and Cityneon's Executive Chairman & Group CEO, Mr. Ron Tan. EDBI and Pavilion Capital are existing shareholders of Cityneon whilst new investors include Seatown Holdings International, Qatar's Doha Venture Capital, which will now own approximately 4 per cent of the Group, and other financial institutions and family offices in Singapore and China.

These now join other existing Cityneon shareholders CITIC Capital, veteran entrepreneur and investor Mr. Johnson Ko, and Executive Chairman & Group CEO Mr. Ron Tan to form a new and strong shareholder base for the Group. Mr. Johnson Ko and Mr. Ron Tan remain as the largest shareholders of the company via their combined entity, West Knighton Limited.

The Group is now well positioned for its next growth chapter and will use the proceeds for capital expenditure that includes building more of its various intellectual property (IP) exhibition sets, totaling 24 travelling and four semi-permanent sets under the Studio IP partnerships and three travelling sets under the original artefact IP partnerships by the end of 2022.

Already, the Group just signed its fifth IP rights with Avatar from 20th Century Studios last year. Amidst the anticipation from Avatar fans worldwide, Cityneon will debut a multi-sensory Avatar exhibition in Chengdu, China in May 2021, ahead of the Avatar movie sequel which is slated for release in 2022. Avatar is the world's top grossing film of all time at over US$2.8 billion, and adding millions more after its successful re-release in China in March 2021. Avatar's director James Cameron has announced that he will be producing four sequels with 20th Century Studios, with the first sequel slated for release next year. Disney acquired 20th Century Studios for US$71 billion in 2019.

The Company also recently entered the original artefacts IPs space and will stage international exhibitions of the treasures of the ancient civilization Machu Picchu from Peru in Boca Raton, Florida and Pharaoh Ramses II from Egypt in Houston, Texas. These two experiences will start welcoming visitors in October and November 2021, respectively.

Other IP rights that the Group holds include partnerships with Universal Studios for Jurassic World: The Exhibition, Marvel for Avengers S.T.A.T.I.O.N., Lionsgate for The Hunger Games: The Exhibition and Hasbro for Transformers Autobot Alliance. All in, Cityneon holds the IP rights for five of the top 10 worldwide box office hits and two artefacts IP from Peru and Egypt. The Group expects to have six sets of its various IP rights travelling across China, and five travelling and permanent sets in the United States, with a few more in other parts of the globe.

The Group will also be reopening experiences that were temporarily closed in 2020, aiming to provide visitors with a safe entertainment option. These include the Marvel Avengers S.T.A.T.I.O.N. in Toronto, Canada that will be re-opening in May 2021; and the Marvel Avengers S.T.A.T.I.O.N. exhibition in Lotte Mall in Seoul, Korea in April 2021; the same exhibition space which previously housed Jurassic World: The Exhibition, another IP experience exhibition by the Group in 2019. In the past month, the Group also witnessed record visitor numbers at their semi-permanent installations in Las Vegas, USA, signaling a strong comeback and demand for their immersive experiences, as they step into the 6th year of operations there.

While there are exciting plans lined up, the Group is not resting on its laurels. More Hollywood IPs and artefact IPs can be expected, and there will be further announcements on new IP verticals in entertainment experiences that the Group is looking to enter.

Mr. Ron Tan, Executive Chairman & Group CEO of Cityneon, said: "It is exciting that the Company is going through such strategic expansion as one of the largest providers of exhibition entertainment experiences globally. The S$235 million funding round sets a solid foundation for us to invest in developing more of our entertainment experiences, to stage even more exhibitions of the five box office hits and two artefact IPs that we hold the rights to all over the world. I'm thankful that our strong investors base, now from Singapore, Hong Kong, China and the Middle East, have trust in our vision, and believe alongside us that this space of big ideas and big experiences will only grow."

By the end of this year, Cityneon will arguably be the largest provider of exhibition entertainment experiences internationally; with global footprints in more than 50 cities and welcoming 10 million unique visitors across the world by 2022.

Cityneon Holdings

With its global reach and international partnerships, Cityneon has the capability to serve its clients anywhere in the world. Cityneon was listed on the Mainboard of the Singapore Stock Exchange since 2005, and was privatized on February 2019 by West Knighton Limited, a company wholly owned by Cityneon's Executive Chairman and Group CEO, Ron Tan, together with Hong Kong veteran entrepreneur and investor, Johnson Ko Chun Shun. Johnson is a capital markets veteran and has held controlling interests and directorships in many listed companies. In May 2019, Cityneon welcomed CITIC Capital as a new shareholder, who holds approximately 10% shares in Cityneon. CITIC Capital is part of CITIC Group, one of China's largest conglomerates, and has over US$25b of assets under its management across 100 funds and investment products globally. Other institutional shareholders of the Group include EDBI - a Singapore government-linked global investor, and Pavilion Capital - a Singapore-based investment institution which focuses on private equity investments, that made strategic investments in August and October 2019 respectively, to support the Group's further expansion globally. For more information, please visit www.cityneongroup.com.


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