Takween Advanced Industries Company is a Saudi joint-stock company listed on the Saudi Exchange (Tadawul). The company operates in two primary industrial sectors: plastics and nonwoven fabrics. Founded in 1993 under the name Al-Othman Plastic Products Company (Plastico), it rebranded to its current name to reflect its diversified industrial portfolio.
Takween was listed on the Saudi Exchange on February 7, 2012, under the basic materials sector, with the ticker symbol (1201) and ISIN (SA130G50IOH8). As of July 27, 2023, its capital stands at SAR464.6 million.
Activities
The company engages in a wide range of industrial and manufacturing activities, including:
- Production of polystyrene cups, lids, and related plastic products.
- Manufacturing of nonwoven fabrics for various industries.
- Production of PET (polyethylene terephthalate) preforms used in bottle manufacturing.
- Manufacturing and wholesale trade of cardboard and plastic containers.
- Wholesale and retail trade of polyethylene cups, rolls, and bags.
Through its subsidiaries, Takween also supports the medical and health sector by producing nonwoven fabrics used in healthcare applications.
Subsidiaries
Takween Advanced Industries Company owns five subsidiaries, operating across Saudi Arabia and Egypt in the plastics and nonwoven fabric sectors:
- Advanced Fabrics Factory (SAAF) – 30% ownership, based in Saudi Arabia. Specializes in recycled polypropylene granules and nonwoven fabrics.
- Ultrapak Limited – 99% ownership, an investment company established in Saudi Arabia.
- Saudi Plastic Packaging Systems Limited (Plastico) – 99% ownership, formerly known as Savola Packaging Systems Limited, engaged in packaging trade, plastic lids, tin sheets, metal and semi-metal containers, glass bottles, household glassware, sodium silicate, commercial services, import, export, and contracting.
- Al-Sharq Plastic Industries Limited (Al-Sharq) – 99% ownership, based in Saudi Arabia, specializing in polyethylene bags, polystyrene cups, containers, plates, melamine household products, waste containers, barrels, boxes, profiles, and sanitary ware.
- New Marina for Plastic Industries (S.A.E.) – 99.66% ownership, based in Egypt. Engaged in plastic product manufacturing, foam production, spare parts, metal processing, repairs, import, export, trade, and financial leasing.
Significance
Takween Advanced Industries Company plays a strategic role in Saudi Arabia’s industrial sector. Its diversified activities in plastics and nonwoven fabrics contribute to both domestic supply chains and regional exports. Through its subsidiaries, the company serves industries ranging from food and beverage packaging to healthcare materials, supporting Vision 2030 goals of industrial diversification and self-sufficiency.
The company’s expansion into Egypt through New Marina for Plastic Industries further strengthens its regional presence in the Middle East and North Africa.
