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Fameccanica and Teknoweb Team Up In Wipes

November 3, 2006

Teknoweb Srl and Fameccanica.Data SpA have entered into a license agreement concerning Fameccanica’s intellectual property related to its Model WEWI manufacturing machines for disposable wet wipes. After a joint, in-depth study and a careful evaluation of the disposable wipes segment, Fameccanica and Teknoweb decided to enter into an agreement under which Fameccanica licenses to Teknoweb the manufacturing, marketing and servicing of the Model WEWI machines for the converting of disposable wet wipes. Teknoweb will also service and upgrade the Model WEWI machines delivered so far by Fameccanica and to further develop the WEWI design platform.
   
Through this agreement the disposable wet wipe converting industry, in general, and the Fameccanica’s and Teknoweb’s customers, in particular, will benefit from a wider and more competitive offering and an improved level of service, according to the company.
   
According to executives the decison to enter into this partnership was brought on increased challenges in the disposable wet wipes market caused by both considerable expansion and escalating fragmentation.

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