N.R. Spuntech Industries

N.R. Spuntech Industries Overview

N.R. Spuntech Industries develops, manufactures, and supplies spunlace (hydroentangled) fabric products. Spuntechs products include personal care fabrics used in the production of makeup removal wipes, baby wipes, abrasive fabrics for skin exfoliation, soap-impregnated facial wipes, and sanitary towels. The company also produces cleaning fabrics for surfaces, windows, bathrooms, and industrial facilities, as well as other custom-made products. Spuntechs spunlace fabrics are made with cotton, viscose, polyester, polypropylene, or a blend of these fibers.

Latest News

Jun 6, 2018 · en.globes.co.il

growth-positive

Spuntech signs $130m Procter & Gamble deal

NR Spuntech Industries, an Israeli nonwoven cloth manufacturer, has signed a three-year contract with Procter & Gamble for the supply of products used in the production of wet wipes. The company expects annual sales to Procter & Gamble to be around $43 million, with a total of $130 million for the entire three-year period. NR Spuntechs share price has increased by 1% today and 26% in the past six trading days. The contract with Procter & Gamble is significant for NR Spuntech as it accounts for nearly 30% of its annual revenue. The company finished the first quarter of 2018 with increased revenue and profits compared to the previous year.

Customers

Oct 1, 2014 · www.haaretz.com

growth-positive

The Ticker: Spuntech wins $65 million order for non-woven fabric

NR Spuntech Industries, a maker of non-woven fabrics, has won a $65 million contract, 50% bigger than the original one from 2012-14. The company will be adding a second U.S. production line next year at a cost of $50 million. Ceragon Networks, a maker of wireless communications technology, received follow-on orders from an unidentified telecommunications company operating in Asia and Africa, bringing the total value of the contract this year to $50 million. Frutarom, maker of flavors and fine ingredients, agreed to buy the flavors and natural food colors division of Peru’s Montana for $28.5 million in cash. Itamar Medical expects to end three years of sluggish growth after signing three new sales agreements in the U.S. and Japan.

CustomersInvestmentAcquisitionExpand

Mar 13, 2013 · www.globes.co.il

growth-positive

Competitor bids to buy Spuntech

NR Spuntech Industries, a non-woven fabrics company, has received a takeover bid from one of its competitors. The companys share price has risen by 50% this year, resulting in a market cap of NIS 363 million. The main shareholders in Spuntech are Nissan Industries, Gandir Investments, and Psagot. Spuntech manufactures non-woven fabrics using hydroentanglement and exports 90% of its production to the US and Europe. The company has three factories in Israel and its largest factory is in North Carolina. In the first nine months of 2012, Spuntech experienced a 10% increase in revenue and a 27% rise in net profit. Other companies in the non-woven fabric industry in Israel include Shalag Industries, Albaad Massuot Yitzhak Ltd., and Avgol Nonwoven Industries.

Acquisition

Funding

Team Members

4

Employees: 51-200

Web & Social Links

Locations

Tiberias, Israel

Shamir, Israel

555 North Park Drive Roxboro, NC 27573

Photos & Videos

1 item(s)

N.R. Spuntech Industries Internal

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