Singapore Golden Eagle Group Plans To Invest US $200 Million To Develop A New Generation Of Textile Fiber Technology.

In October 15, 2019, Singapore Golden Eagle Group announced that in the next ten years, the group plans to invest 200 million US dollars 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.

Investment is expected to develop in the following three ways in proportion to 70:20:10, including:

(1) expand the mature cleaning technology in the fiber manufacturing industry;

(2) make pilot production reach the industrial scale;

(3) research and development of new frontier solutions.

Its company includes Asia Pacific Rayon (APR) located in China's Sai Deli and Indonesia. 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. Through the Golden Eagle's group and Asia Pacific Resources Group, Sai Lee and APR get dissolved wood from Indonesia and Brazil's plantations managed by sustainable development.

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. "

Zhang Wentao, President of Sai Li Li, said: "we are very honored to be able to participate in the long-term plan of the Golden Eagle Group. We are very much looking forward to these solutions that can help us and expand the scale of production, so that Sai Lee can develop production activities in a more sustainable manner and provide our consumers with quality and affordable products.

Pan Weiye, vice chairman of APR, added: "this plan can cope with the two increasingly serious environmental problems in the textile industry, namely, the increasing demand for synthetic fibers and natural fibers in textile production, and the increase in textile waste. Recycling the textile wastes and reusing them as raw materials will solve these two problems at the same time.

With the combination of external innovation force and internal R & D team, a number of R & D is progressing smoothly. In August 2019, Golden Eagle Group invested in Infinited Fiber Company (IFC), a start-up company in Finland, to realize the large-scale application of technology. The factory and customer training center with capacity of 500 tons in Finland will be completed in early 2020. "Golden Eagle Group intends to use alternative materials, and IFC is the perfect choice. We can use many kinds of raw materials, especially blended fibers, which is a breakthrough in technology. As a golden eagle's strategic partner, we hope to contribute to this change. IFC CEO Petri Alava said.

In May this year, Jinying Group signed a memorandum of understanding with re:newcell, and reached a cooperation intention in scientific and technological cooperation and trying to use recycled cotton to produce cellulose fibers. The target is to achieve mass production in 2025. "We are pleased that the world's leading cellulosic fiber manufacturer, Sai Deli, has become our certification partner, promoting the recycling of raw materials in the fashion industry. The cooperation of enterprises in the value chain is essential for achieving a significant positive impact on the whole industry. " Re:newcell CEO Patrik Lundstr m said.

Golden Eagle Group also discussed with Fashion for Good. The core of the Fashion for Good innovation platform is to develop and promote the most potential technology and business models to change the fashion industry. "As the largest cellulose fiber producer in the world, Golden Eagle has the unique advantage of implementing and promoting our innovative solutions worldwide. The new generation of fiber solutions contains great opportunities for innovation and great potential for change. " Fashion for Good general manager Katrin Ley said.

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.

Sally Uren, chief executive of Forum for the Future, said: "the new generation of solutions is most likely to make a significant contribution to the recycling economy of the fashion industry and the wider textile industry. People are keen to "change the system and keep the climate stable." Such an investment plan can enable the solution to be applied in the mainstream field quickly, which is an important lever to promote institutional change. We need more investment plans to help the market segments of sustainable innovation enterprises become the preferred partners.

The business strategy of the group is developing towards a closed, circular and stable climate of cellulose fiber. This new plan is an important element.

Investment is mainly used to study alternative cellulose materials and clean manufacturing solutions that can be widely applied.

The group will also cooperate with the leading enterprises in the industry to promote wider goals.

Source Jinying enterprise management China Co., Ltd.