- Business
- Shaniv Paper Industry Ltd (TASE: SHAN) manufactures and markets paper products, cleaning solutions, automotive care items, and personal care goods primarily in Israel and internationally. Founded in 1988 and headquartered in Ofakim, Israel, the company produces raw paper rolls, premium and discounted toilet paper, paper towels, napkins, tissues, industrial paper sheets, and specialized lines for the institutional market; it also offers branded cleaning, disinfection, and maintenance products under Touch, Novo, Green Care, Maxol Max, Lovely, and Touch Professional for home, car, and commercial use, alongside aluminum foils, molds, nylon packaging, and cosmetics. As part of the publicly traded Shaniv-SasaTech Group, with production facilities in Ofakim and Ramat Dalton spanning over 80,000 square meters including an independent natural gas power plant using recycled paper and controlled cellulose sources, Shaniv maintains computer-controlled processes compliant with strict quality, safety, and environmental standards while observing Sabbath and Jewish holidays. In late 2025, the company authorized a share buyback program for up to ILS 1 million through February 2026 using existing resources, amid Q3 2025 revenue of ILS 234.9 million and net income of ILS 7.4 million reflecting ongoing growth in its paper products and cleaning segments.