Pegasus Development AG seizes the moment to present its new brand Pegastril – Nuevo

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CHUR, SWITZERLAND – EQS Newswire – 2 June 2020 -The coronavirus
pandemic harbours the potential for enormous growth in specific industries. To
that end, however, it’s important to identify which markets will be dominant in
the future.

One of the key growth sectors is the production and distribution of
disinfectants and associated technologies. Regardless of whether a cure for, or
vaccine against, COVID-19 is developed, protection against viruses and bacteria
has become incredibly important across the globe and will continue to be a
concern going forward.

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This was one of the reasons why Pegasus Development AG
decided to partner with the British disinfectant manufacturer Nuevo. One of the
decisive factors choosing Nuevo was its highly competitive product, which is
free from alcohol, animal products, perfume, essential oils or dyes.

Furthermore, the product has already been tested according to the highest
stipulations of the European standard EN 1276, is manufactured according to the
latest regulations of the European Biocides Directive and has already been
approved by the civil aviation authority.

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Pegasus Development AG intends to make further inroads into this market,
through the partnership with Nuevo and the newly created Pegastril-Nuevo brand www.pegastrilnuevo.ch.

Read Also:  $14 million invested in start-ups at Techfest


The Swiss holding company is not limiting itself just to production and
distribution, but offering integrated solutions in the form of spray systems
and disinfection systems. The Swiss holding company has already started
production and, together with international technology companies, has secured
patents.


A number of orders for “human disinfection” devices have not only
been received but are already being delivered. In addition to government
inquiries from the Middle East and Africa, several European banks have
expressed interest in this technology for their branch networks.

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Thanks in particular to the patents acquired, Pegasus Development AG
plans to become one of the most important global players, helping to shape the
market. Profits generated through the sale of technology licenses represent a
milestone at Pegasus Development AG and should give the company the decisive
advantage required, not only to assert itself against the competition, but to
play a central role in the industry in the long term.

The issuer is solely
responsible for the content of this announcement.

Pegasus Development AG seizes the moment to present its new brand Pegastril - Nuevo

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Latest News

Asia Pacific Rayon Raises US$300m from National and International Affiliated Banks to Expand Production Capacity

  • Continued capital expenditure aims to boost production and support the recovery of Indonesian economy
  • Loan agreements aligned with Indonesian Government's strategy to drive investment growth in 2021
  • APR is a member of the RGE group of companies


JAKARTA, INDONESIA - Media OutReach - 12 April 2021 - Asia Pacific Rayon (APR), the largest integrated rayon fiber 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 fiber 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 fiber (VSF), strengthening its market position in Indonesia and in export markets across the region. APR is a member of the RGE group of companies. Founded by Sukanto Tanoto, RGE manages a group of resource-based manufacturing companies with global operations.

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The syndicated loan participating banks are PT Bank Rakyat Indonesia (Persero) Tbk, PT Bank Central Asia Tbk, PT Bank Pan Indonesia Tbk, PT Bank Pembangunan Daerah Jawa Barat, PT Bank Woori Saudara Indonesia 1906 Tbk and PT Bank KEB Hana Indonesia

The joint mandated lead arrangers and bookrunners for the syndicated loan are PT Bank Rakyat Indonesia (Persero) Tbk, PT Bank Central Asia Tbk, and PT BANK Pan Indonesia Tbk.

Basrie Kamba, Director, Asia Pacific Rayon, said: "This funding will be used to support continued investment in our operations in Kerinci. Rayon fiber, or viscose, is a textile raw material derived from sustainably managed plantations. As rayon is both renewable and biodegradable, it supports the trend towards sustainable fashion in Indonesia and in other markets around the world."

APR's planned expansion is aligned with the Indonesian Government's strategy to increase investment and boost employment to support the recovery of the country's economy and address the continued impact of the COVID-19 pandemic. Following the passing into law of the Omnibus Bill in October last year to streamline investment and stimulate job creation, President Widodo said last month that investment would be the key factor in achieving 5% economic growth in 2021.

"This loan facility and our continued investment in our operations are evidence of the growth potential of the viscose rayon sector in Indonesia and around the world. We are committed to supporting the Indonesian Government's efforts to improve the investment climate in export-oriented manufacturing industries, and its efforts to create upstream jobs in plantations and the processing of raw materials, and downstream opportunities in textile factories and related businesses," said Basrie.

Hari Setiawan, Executive Vice President of PT Bank Rakyat Indonesia (Persero) Tbk said : "As Representative of JMLAB and all lenders, I hope this collaboration will be useful to support the growth and development of PT Asia Pacific Rayon in increasing production and operations and also supporting the recovery of Indonesia's export growth."

"Support from BCA and other Banks reflect our confidence in APR, and as our contribution to promote a sustainable and environment friendly industry. We hope this cooperation will tighten our relationship as well," said Susiana Santoso, Executive Vice President of PT Bank Central Asia Tbk.


About Asia Pacific Rayon

Asia Pacific Rayon is the first fully integrated viscose rayon producer in Asia. Located in Pangkalan Kerinci, Riau, the company uses the latest production technology to produce high-quality rayon to meet textile needs. APR is committed to becoming a leading viscose rayon producer with 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. Sustainability is fundamental to APR. The APR Sustainability Policy, updated in September 2020, include additional commitments on pulp sourcing and clean manufacturing.


About RGE

RGE Pte Ltd manages a group of resource-based manufacturing companies with global operations. Our work ranges from the upstream, comprising sustainable resource development and harvesting, to downstream, where our companies create diverse value-added products for the global market. Our commitment to sustainable development underpins our operations, as we strive towards what is good for the community, good for the country, good for climate, good for customer, and good for company. RGE was founded in 1973. The assets held by RGE companies today exceed US$20 billion. With more than 60,000 employees, we have operations in Indonesia, China, Brazil, Spain and Canada and continue to expand to engage newer markets and communities. www.rgei.com

Pegasus Development AG seizes the moment to present its new brand Pegastril - Nuevo - Brand Spur
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