RGM plans viscose rayon plant at Yangkou Port

 RGM International is a diversified Asia Pacific business group, administered from Singapore, with extensive businesses in various resource-based industries. The Group's primary business interests include pulp and paper; crude palm oil and related businesses; oil & gas; viscose fibre; and engineering, procurement and construction. RGM International Singapore has entered into an agreement with the local Chinese Government to bring up a $1.33 billion project at Rudong Yangkou Port to produce dissolved pulp and viscose rayon.

The project is entirely funded and will require a total of 200 billion yuan over a period of 10 years, for the development of the port. The main objective behind the design is to turn imported wood chip into dissolved pulp. This in turn will be used as a raw material for the textile industry in Yangtze River delta.

Eventually, the RGM International project will help produce 400,000 tonnes of dissolved pulp annually, a part of which will be utilized for a new viscose rayon plant to be set up in the port.

Since the project will require heavy investments, it is yet to be approved by the Local and Central Governments. Once sanctioned, the construction for the plant would start in two phases. Only after the completion of 2-3 wharves will the first phase come into operation.