Breaking News

Spuntech to add spunlace line in U.S.

May 22, 2013

Investment will double North American capacity

Following reports last month that it was the subject of a hostile takeover by one of its competitors, Spuntech has announced a plan that will double its spunlace capacity in the U.S. The Israel-based firm will invest a reported $30-35 million in the new spunlace line, which will come onstream in the next 18-24 months. Spuntech began production in North Carolina in 2005-2006.

According to company data, Spuntech’s sales have grown steadily since it began producing spunlaced nonwovens in Israel in 2000. The company’s sales have grown on average 18.4% per year since then and were reported at $122.6 million last year.

In March, an Israeli news outlet reported that shares of Spuntech increased sharply following a takeover bid from one of its competitors. Spuntech, which has not commented on these rumors, counts its main shareholders as Nissan Industries, Judith Recanati’s Gandir Investments and Psagot.

  • Personal Care Wipes: A Growing Market

    Tara Olivo, associate editor||February 2, 2016
    newcomers and veterans continue to push out new products and technologies

  • The New  Private Label

    The New Private Label

    Karen McIntyre, editor||January 5, 2016
    Retailers aren’t just focusing on price to lure consumers in.

  • North America Report

    North America Report

    November 4, 2015
    INDA’s director of market research and statistics discusses the state of the nonwovens industry in North America.