PT SPV IV

completed

PT. South Pacific Viscose a long-term IFC client and is internationally recognized as a competitive low-cost producer of high quality viscose staple fiber. The company produces in excess of 150,000 tons of viscose staple fiber annually in the production facilities located in West Java, Indonesia. These facilities are one of the largest of its kind in Asia/World. IFC financing will be used to support SPV to undertake an investment program over the next 2 years at a total cost of $191 million which includes: - expansion of viscose production capacity by 66,000 tons per annum at the company’s existing site in Indonesia including a 30 MWe captive power plant; - setting up of a gas based CS2 plant to fully meet in-house requirements; - incremental working capital and - operational capital expenditure. After the expansion is complete, the company''s environmental performance is expected to improve significantly, especially due to setting up of the gas based Carbon Disulfide (CS2) plant which would otherwise have used coal, recovery of CS2 gas, and qualifying fly ash for reuse by the local cement industry.