More news
- Asian paint regulatory round up – Indonesian exterior paint still uses lead, warns W...
- Nigeria’s paint industry navigates regulatory changes and economic challenges amid p...
- Focus on the global coatings market: Global coatings market outlook
- Ask Joe Powder – October 2024
- Chinese paint majors look to domestic consumer sales as commercial real estate slumps
Evonik and Beijing Sanju Environmental Protection & New Materials Co Ltd ("Sanju”) have signed a Memorandum of Understanding (MoU) for strategic cooperation in Beijing.
Dr Claas-Jürgen Klasen, President Evonik Asia Pacific North region and Mr Lin Ke, President of Sanju, signed the relevant documents on behalf of the two parties.
According to the MoU, Evonik and Sanju will deepen cooperation in innovation, process and application technology.
The two parties will also carry out substantial collaboration in catalyst and carrier technology, membrane technology, as well as additives and other specialty chemicals.
Evonik is focussing on solutions to China-specific megatrends, enhancing local innovation and helping Chinese and Asian customers improve their competitiveness.
While growing its own business, Evonik has also mobilised the technological upgrade of upstream and downstream industry chains, and promoted the overall development of the chemical industry in China.
Dr Klasen pointed out that China is one of the most important growth markets for Evonik and the company attaches great importance to cooperation with leading local players.
Evonik and Sanju both value innovation and sustainability.
By signing this agreement, the parties expect to establish a comprehensive strategic partnership to jointly develop relevant markets and better serve local customers.
Founded in 1997, Sanju is a high-tech enterprise in the primary energy industry that provides products, technologies and services for clean production and product quality improvement.
In fiscal 2017, the company generated sales of RMB22.5bn, up 28% compared to the prior year and net profit of the parent company increased by 57% to RMB2.54bn.
Mr Lin Ke said that Evonik is an internationally renowned company with whom Sanju has been working for two years.
He noted that the partnership can enhance Sanju’s technical capabilities and Sanju will set up a new department to give full strength to its own market and production capabilities, to promote substantial cooperation with Evonik and to create favourable conditions for further cooperation.
