Obeetee Textiles, TWE Group Join Forces To Drive Growth In Non-Woven Market
"Nonwoven solutions company TWE Group partnered with Obeetee Textiles to reshape the nonwoven industry landscape.
Ingo Soller, General Manager at TWE, said, 'This partnership brings together our shared vision, complementary strengths, and extensive industry knowledge. We are confident that the joint venture will unlock new opportunities, drive innovation, and create long-term value for our customers and stakeholders.'"
The joint venture is an equitable partnership, with TWE acquiring a 50 per cent shareholding in OTL. This equal ownership structure fosters collaboration, empowering TWE and OTL to leverage their respective strengths and resources for mutual success. TWE Group has made a cash investment to secure their 50 per cent holding in the joint venture.
As per the company's release, TWE shall extend their knowledge and expertise on technical aspects of the health and hygiene products being manufactured under this joint venture. These products shall consist of specific components & fabrics used in manufacturing sanitary napkins, and baby and adult diapers.
The joint venture opens doors to market expansion, enabling TWE OBT to reach new territories and customer bases.
"This broader footprint will unlock untapped markets, diversify revenue streams, and foster stronger relationships with customers in India and neighbouring countries," said the statement.
Moreover, the partnership will leverage shared resources, best practices, and synergies between TWE and OTL, optimizing operational efficiencies, enhancing productivity, and driving sustainable long-term growth.
Kapil Agarwal, Group CEO, Obeetee Textiles, said, "The joint venture with TWE marks an important chapter for OTL. This partnership combines TWE's expertise and OTL's operational experience to deliver enhanced solutions and value to our customers. Together, we are committed to building a successful and sustainable joint venture that will drive growth and set new industry standards."
