2014 Nonwovens Sales: $151million
Guangzhou, Weifang, Shandong, China
Spunbond, meltblown, SMS
Hygiene, medical, industrial
In fiscal 2014, Jofo Nonwovens faced a challenging year with sales mostly down. Most of its revenues came from plants located in Zhaoqing, Guangdong; Weifang; and Dongying, Shandong in China. Three existing production lines—one meltblown and two SMS—in Jofo’s Weifang plant generated about $62 million sales in 2013.
Roughly 60-70% of ots hygiene and personal care products based material went to overseas markets and the company is hoping to achieve full capacity by the end of 2015.
One of its six existing spunbond lines were imported from STP, Italy, while the company reports the other five were sourced locally. The plant also operates five meltblown lines with variable capacities, i.e., one is close to 10,000 tons per year, while the smaller one that was put into operation recently could yield about 600-1,000 tons per year.
In addition, five production lines are installed in the Jofo’s Zhaoqing, Guangdong plant, while another is under installation in a Jiangxi facility. These two plants are focused on high-tech geotextiles applications and the household nonwovens market, with capacity above 20,000 tons per year. While discussing the current market environment the company says that the next three to five years will be a little tough for the industry as a whole.
The company will introduce more high value-added, special functional nonwovens that suit different market needs in the future, including biomedical products for the aging population and high-tech geotextiles, among others.
Jofo also says it expects a better regulatory and legal operating environment to encourage innovation and IP protection moving forward in the years ahead.