2019 Nonwovens Sales: $108 million
Minzhong Zhao, chairman; Rain Tan, CEO
Shandong, Guangdong, China
Spunmelt, spunbond, needlepunch, air through bonded
Hygiene, geotextiles, automotives, furniture
Jofo Nonwovens continues to focus on growth, both through acquisition and investment. In May, the Weifang, Shandong, China-based company announced it would acquire PFNonwovens’ Wuxi, China-based nonwovens operation. PFNonwovens acquired the operation, which makes spunmelt materials, from First Quality Nonwovens in 2018. It reportedly makes 24,000 tons of nonwovens per year.
“PFN Wuxi is a very well managed site with a strong team and very good location,” says Rain Tian, CEO of Jofo. “This transaction takes Jofo entering into medical nonwovens market in Asia and provides more capacity to address the growing demand of our existing customers. Also, a strong logistic position in East China region will enable Jofo to support the customers in those region better. We commit to invest strongly in Wuxi site to make it a strong manufacturing base with more new capacities and technologies to better serve our customers.”
Additionally, the company has confirmed media reports that it is in discussions to purchase a 70% share in Saudi Arabia Advanced Fabrics (SAAF) from Takween Advanced Industries. SAAF manufactures recycled polypropylene granules and nonwoven fabric at two plants in Saudi Arabia. The nonwovens target the hygiene and medical segments. It is reportedly valued at about $82 million.
In mid 2019, the company forged a partnership with fellow Chinese nonwovens producer Fineness Technology, which gave it additional capabilities in the air through bonding and carding space as well as a new strategic location in the east of China to better serve customers in that region.
Jofo’s organic operation includes plants in Shandong and Guangdong, China. In 2019, its sales reached RMB700mm ($108 million). Jofo operates a plant in Shandong in northern China housing two Reicofil lines and a site in Guangdong in southern China which has three needlepunch lines targeting industrial markets.
The Shandong site was last improved this year when a decade-old Reicofil 4 spunbond line was modified with the addition of a third spunbond beam, which has allowed the company to benefit from added capacity as well as better quality nonwovens. The site also has a five-beam Reicofil 4 spunmelt line that was added in 2012.