Takween Advanced Industries to acquire full ownership of SAAF Nonwovens

Takween Advanced Industries has signed an MoU with JOFO Nonwoven Company Limited to acquire the remaining 70% stake in Advanced Fabrics Factory Company (SAAF), bringing its ownership to 100%. The deal is subject to due diligence and regulatory approvals.

“Takween has signed a Memorandum of Understanding (MoU) with JOFO to acquire the entire 70 percent stake in SAAF previously held by the Chinese firm.”nonwoventextiles.in

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• nonwoventextiles.inTakween to Acquire Full Ownership of SAAF | Nonwoven Industry Expansion|Latest Textile NewsDec 22, 2025

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