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Ambic, a subsidiary of NICKE, merged with Fujiko in December 2023, with Fujiko's nonwovens and felt business transferred to Ambic, which renamed to F&A Nonwovens.
NIKKE will make Fujiko, in which it holds a 32.95% stake, a wholly owned subsidiary through a share exchange effective September 1, 2021, to strengthen their nonwoven fabric business and capture automotive and environmental markets.