Singapore Golden Eagle Group Plans To Spend 200 Million US Dollars On The Development Of Textile Cellulose Fibers

Recently, Singapore Golden Eagle Group (RGE) announced that in the next ten years, the group plans to invest $200 million for the development of textile cellulose fibers. The investment plan, announced before the Vancouver textile trade and sustainable development conference, will help develop alternative solutions for cellulose or plant based materials and closed-loop manufacturing. It is expected that with the expansion of 70:20:10 investment ratio, the development of mature cleaning technology in fiber manufacturing industry and the solution to the industrial scale and emerging frontier areas of pilot production will be achieved.

It is understood that the Golden Eagle Group is headquartered in Singapore, its businesses include China's Sai Li Li and Indonesia's Asia Pacific Rayon (APR). With the power of these two companies, Jinying has become the world's largest producer of cellulosic fibers, with a total annual output of 1 million 400 thousand tons. With the combination of external innovation force and internal R & D team, a number of R & D is progressing smoothly. The Golden Eagle Group's internal R & D team, in collaboration with leading universities and global R & D centers, has studied alternative cellulose fiber materials such as agricultural waste, recycled cotton and closed loop manufacturing of cellulose fibers.

Ma Shiqiang, vice president of Golden Eagle Group, said: "for Golden Eagle, this is a strategic business growth area. Our integrated business involves pulp, cellulosic fiber and yarn production, which gives us a unique position in the upstream of the textile value chain, enabling us to provide support for downstream manufacturers and brands with a large-scale and cost-effective solution. We hope to become the largest cellulosic fiber producer by innovation and become the leader in sustainable textile fiber production. "