Takween Advanced Industries Company (Takween) is a leading global supplier specializing in the manufacturing of food and medical-grade plastic packaging and non-woven fabrics. Established in 1993 and headquartered in Al Khobar, Saudi Arabia, Takween has expanded its operations to include ten factories across Saudi Arabia and Egypt. The company's mission is to provide high-quality, innovative packaging solutions that meet the stringent requirements of the food, beverage, medical, and hygiene sectors. Takween's vision focuses on achieving leadership in the polymer conversion industry by delivering products that adhere to the highest quality and safety standards, thereby contributing to environmental conservation and customer satisfaction.
Key Strategic Focus
Takween's strategic objectives center on expanding its market presence through innovation and quality. The company specializes in producing a diverse range of products, including PET preforms and bottles, HDPE bottles and containers, flexible packaging, caps and closures, thin-walled containers, drums, crates, pallets, and non-woven fabrics. By leveraging advanced polymer technologies, Takween aims to cater to the evolving needs of the fast-moving consumer goods (FMCG), medical, and hygiene industries. The company targets both local and international markets, with a significant focus on penetrating European and North American regions. Takween's commitment to research and development enables it to stay ahead of industry trends and offer comprehensive solutions to its clients.
Financials and Funding
Since its initial public offering (IPO) in 2012, where it listed 30% of its shares on the Saudi Exchange, Takween has experienced substantial growth. The IPO was oversubscribed approximately six times, reflecting strong investor confidence. In 2016, the company increased its capital to SAR 950 million through a rights issue, further strengthening its financial position. As of 2023, Takween reported annual revenues of approximately SAR 818.2 million. The company continues to invest in expanding its production capabilities and enhancing its product offerings to maintain a competitive edge in the market.
Pipeline Development
Takween's product development pipeline focuses on introducing innovative packaging solutions that align with market demands and sustainability goals. The company has recently added a third non-woven fabrics production line at the Petro-Rabigh Complex for Plastics Technology, a strategic investment aimed at enhancing its market position. This expansion is expected to provide a competitive edge and cater to the growing needs of the medical and hygiene sectors. Takween's ongoing investments in research and development ensure a steady pipeline of new products designed to meet the evolving requirements of its diverse clientele.
Technological Platform and Innovation
Takween distinguishes itself through its commitment to technological innovation and quality. The company operates state-of-the-art manufacturing facilities equipped with advanced polymer conversion technologies. Its proprietary technologies include:
- Advanced Polymer Processing: Utilizing cutting-edge equipment to produce high-quality PET preforms, bottles, and other packaging solutions.
- Non-Woven Fabric Production: Employing specialized techniques to manufacture medical-grade non-woven fabrics used in hygiene products.
Takween's research and development initiatives focus on developing sustainable and cost-effective packaging solutions. The company collaborates with both local and international research centers to drive innovation and maintain its leadership in the industry.
Leadership Team
Takween's leadership team comprises experienced professionals dedicated to steering the company towards its strategic goals:
- Abdulmohsen Al-Othman, Chairman of the Board of Directors: Provides strategic oversight and guidance, leveraging extensive experience in the industry.
- Majed Nofal, Chief Executive Officer: Leads the company's operations and strategic initiatives, focusing on growth and innovation.
- Jeroen van der Meer, Chief Operating Officer: Oversees the company's operational activities, ensuring efficiency and quality across all manufacturing facilities.
- Nisar Ahmed, Chief Financial Officer: Manages the company's financial strategy and operations, maintaining fiscal health and supporting expansion plans.
- Mohammad Mansour, Treasury Director: Handles the company's treasury functions, focusing on liquidity management and financial planning.
- Mohammad F. Mustafa, Group Head Internal Audit: Ensures compliance and risk management through comprehensive internal audits.
- M. Waseem Kaimkhani, Group IT Head: Leads the company's information technology initiatives, supporting digital transformation and operational efficiency.
Leadership Changes
As of the latest available information, there have been no recent significant changes or appointments within Takween's leadership team. The current leadership continues to drive the company's strategic objectives and operational excellence.
Competitor Profile
Market Insights and Dynamics
The global plastic packaging and non-woven fabrics industry is experiencing steady growth, driven by increasing demand in the food, beverage, medical, and hygiene sectors. The market is characterized by a focus on sustainability, with companies investing in eco-friendly materials and processes. Technological advancements and innovation are key drivers, enabling manufacturers to offer diverse and high-quality products.
Competitor Analysis
Takween operates in a competitive landscape with several key players:
- Lavelle Industries: Specializes in manufacturing custom rubber and plastic components, serving various industries.
- Ironwood Plastics: Provides precision injection molding services, focusing on complex plastic components.
- Mastip Technology: Offers hot runner solutions for the plastic injection molding industry, emphasizing innovation and quality.
- Praher Plastics: Manufactures plastic valves and fittings, catering to industrial applications.
Takween differentiates itself through its comprehensive product portfolio, commitment to quality, and strategic investments in research and development.
Strategic Collaborations and Partnerships
Takween has established significant collaborations to strengthen its market position and innovation capacity. In 2014, the company acquired Savola Packaging Systems, expanding its share in the plastic packaging field and positioning itself as a regional leader. This acquisition included subsidiaries such as Al Sharq in Saudi Arabia and New Marina in Egypt, enhancing Takween's production capabilities and market reach.
Operational Insights
Takween's strategic considerations focus on maintaining a competitive edge through:
- Market Position: Leveraging its extensive manufacturing facilities and diverse product offerings to serve a broad customer base.
- Competitive Advantages: Investing in advanced technologies and research to develop innovative and high-quality products.
- Differentiators: Emphasizing sustainability and environmental responsibility in its operations and product development.
Strategic Opportunities and Future Directions
Takween's strategic roadmap includes:
- Expansion: Exploring new markets, particularly in Europe and North America, to increase its global footprint.
- Innovation: Continuing to invest in research and development to introduce new products that meet evolving customer needs.
- Sustainability: Enhancing eco-friendly practices and developing sustainable packaging solutions to align with global environmental trends.
By capitalizing on its strengths and strategic initiatives, Takween is well-positioned to achieve its future objectives and maintain its leadership in the industry.
Contact Information
- Website: www.takweenai.com
- Headquarters: Al Khobar, Saudi Arabia
