Notice: Function _load_textdomain_just_in_time was called incorrectly. Translation loading for the wordpress-seo domain was triggered too early. This is usually an indicator for some code in the plugin or theme running too early. Translations should be loaded at the init action or later. Please see Debugging in WordPress for more information. (This message was added in version 6.7.0.) in /var/www/html/wp-includes/functions.php on line 6260 Takween to Assume Full Ownership of SAAF Nonwovens - Nonwovens Industry

What are you searching for?

Sign in
Breaking News

Takween to Assume Full Ownership of SAAF Nonwovens

Company to repurchases 70% stake in Saudi nonwovens producer, four years after selling it

Author Image

By: Karen McIntyre

Editor, Nonwovens Industry

Takween Advanced Industries has agreed to repurchase a 70% stake in SAAF, a Saudi Arabian producer of spunmelt nonwovens for hygiene and medical applications, from Jofo Nonwoven Company Ltd., a Chinese nonwovens manufactuer. Upon completion of the deal, Takween will be the sole owner of SAAF.

Jofo acquired the 70% stake in SAAF from Takween in 2021, marking the company’s first major investment outside of Asia. At the time, the company said ownership of SAAF would not only enable it to expand its manufacturing footprint but would also allow it to gain entry into the medical market.

Meanwhile, Takween said the is sale in line with its strategy of focusing and expanding in the plastics sector.

Add us as a preferred source on Google

Get the latest Nonwovens Industry news, insights and analysis in your Google Search and AI experiences.

Add Nonwovens Industry as a preferred source on Google (opens in a new tab)

Keep Up With Our Content. Subscribe To Nonwovens Industry Newsletters

Topics