TWE Group acquires 50% stake in Obeetee Textiles for nonwovens JV

TWE Group GmbH acquired a 50% stake in Obeetee Textiles (OTL) to form a 50:50 joint venture, TWE OBT, which will set up a new facility in India to manufacture nonwoven products for the health and hygiene sector.

“Nonwovens is an important sector but the high-end technical solutions have always been imported from Europe or China.”business-standard.com

• 5 sources
• business-standard.comTWE Group GmbH, Obeetee Textiles set up strategic JV for nonwovens | Company News - Business StandardIshita Ayan DuttMay 31, 2023
• infashionbusiness.comTWE Group GmbH Enters Strategic Joint Venture With Obeetee TextilesJun 1, 2023
• textileinsights.inNonwovens To Get Boost With TWE Acquiring 50% Stake In OBT - Textile InsightsTextile InsightsJun 1, 2023
• nonwovens-industry.comTWE Group, Obeetee Textiles Form Joint Venture in India - Nonwovens IndustrySaveJun 20, 2023
• indiantextilejournal.comTWE Group and Obeetee Textiles form joint venture in India - Indian Textile JournalJun 27, 2023

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