The Lenzing Group acquired a share of 40% in Indonesian holding company Pura Golden Lion (PGL).
 

PGL has been running local fibre sales for PT South Pacific Viscose and holds a share of approximately 12% in the company.

Lenzing has bought the 40% share in PGL from Indonesian spinning group APAC Centertex. The sales price has not been disclosed. The increase in its indirect share in PT South Pacific Viscose from 86% to 91% will strengthen Lenzing's position in the Indonesian and other Asian fibre markets.