COMPANY NEWS

Deneb ownership benefits Romatex

Romatex is a leading manufacturer of stitch-bonded non-woven material and other textiles in South Africa. Stitchbond is a sustainable textile made from recycled polyethylene terephthalate (rPET) – the polymer used to manufacture beverage bottles. Every year, we produce around 24 million square metres of this fabric, which is enough to keep 54 million plastic bottles out of landfills and the environment. 

This is due to recent investments in our manufacturing equipment and factory in Cape Town. This financial backing comes from Deneb Investments Limited – a subsidiary of Hosken Consolidated Investments (HCI). Both companies are listed on the Johannesburg Stock Exchange (JSE) and have provided significant investment for Romatex since 2008.

Deneb provides support to numerous companies in different business sectors, including manufacturing, property and product distribution. The company operates in South Africa, Asia, Europe and South America. 

Non-woven textile machine at the Romatex manufacturing facility in Cape Town

How Deneb further helps Romatex

The financial support offered by Deneb allows us to give our customers peace of mind regarding the quality of our textiles and homeware products. It allows us to focus on our output and customer experience, which has helped us to meet large orders and delivery expectations. 

Customer satisfaction and timeous delivery of orders are important to us since Romatex started as a humble business in the 1960s. This ownership structure allows us to place the client’s needs and the quality of our products above all else. This ensures that Romatex remains a leading manufacturer of stitchbond and homeware textiles in South Africa.

Romatex textiles

Deneb provides B-BBEE support

Romatex employs 142 women and 127 men. Transformation is an important part of the business and Deneb provides additional support in terms of broad-based black economic empowerment (B-BBEE). Romatex holds Level 2 B-BBEE accreditation, which brings certain benefits to our employees, partners, suppliers and customers, such as tax rebates and government support.

Our Level 2 accreditation is helped by our ownership structure as Deneb is also a Level 2 contributor. Our customers benefit when they choose to partner with a textile manufacturer and supplier that supports employee development and economic empowerment initiatives.

This year will be another one of growth and investment thanks to Deneb and HCI. Throughout 2023, Romatex will continue to purchase state-of-the-art manufacturing equipment and increase its production output. We aim to manufacture 2.5 million square metres of stitchbond per month during this year.

This will continue to keep plastic bottles out of landfills and the environment by turning them into a viable end product that has many beneficial uses. Deneb and HCI have been an integral part of our success in recent years. For more information about our various products and textiles, please contact us today.

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Romatex has been a leading manufacturer and supplier of stitch-bonded non-woven materials and homeware for over 50 years. Romatex is a Level 2 B-BBEE company that is owned by Deneb Investments Limited, a subsidiary of Hosken Consolidated Investments (HCI), which is listed on the Johannesburg Stock Exchange (JSE). 

Our head office is based in Cape Town but we have branches in Gauteng, KwaZulu-Natal, the Eastern Cape and the Free State. For more information about our products, please contact info@romatex.co.za. Follow us on Facebook, LinkedIn and Instagram for our latest news and industry insights.

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