Solvay and Shanghai Shengjian Environment Technology have signed a strategic partnership framework agreement to strengthen their business relations and expand into new markets. Based on over ten years of mutual success in important segments of the semiconductor, FPD, solar power and other growth industries, the partners will intensify their collaboration across all fields of new product and new application development, market development, technical exchange and material supply.
“Shengjian has a leading position in flat panel display and semiconductor applications supported by our innovative material supply, and is seeking to boost its business growth with our technical support and high-performance product portfolio,” says Peter Browning, President of the Specialty Polymers Global Business Unit of Solvay. “By reinforcing the strong bond between our companies, this agreement will also create a win-win situation for seizing new business opportunities and strengthening our ties with strategic end-customers.”
Under the new agreement, both companies will jointly promote the development and marketing of components, systems and processes in the semiconductor, flat panel display, solar power and expand other demanding industries with deeper cooperation. Solvay will utilize its existing technological capabilities and business resources to assist Shengjian in winning new customers and expanding into new market segments. Besides regular information exchange and technical meetings, both parties will also support each other through seminars and participation in industry conferences or exhibitions. The agreement secures Shengjian’s strategic procurement of critical high-performance materials from Solvay, gaining bigger market share of their expanding products.
Weiming Zhang, Chairman of Shengjian, adds: “This strategic agreement will be an important instrument to accelerate our growth as a leading supplier of high-technology solutions in our markets. Together with Solvay, we look forward to expanding our customer base in Greater China and beyond.” In particular, under the framework agreement, Shengjian and Solvay will deepen their cooperation in terms of environmental protection and sustainability as well as the expanded semiconductor applications.