Wednesday, June 18, 2025
spot_img
spot_img
HomeTechnologyStrategic partnership between HUNTSMAN & Jihua Group

Strategic partnership between HUNTSMAN & Jihua Group

spot_img

partnershipRecently The Textile Effects division of Huntsman Corporation and Zhejiang Province-based Jihua Group, China, have entered into a strategic partnership to  cooperate in a number of areas to jointly capitalize on the growing need for dye and chemical solutions for China’s textile sector.

The partnership will help the two companies speed up their supply chains to react more quickly to customers’ demand and increase cost efficiency for customers. The forming of the strategic partnership marks a further step forward for the existing cooperation between the two companies. In August, Huntsman Textile Effects, a major innovator with more than 700 patents, had granted a sole licence to Jihua for manufacturing, sales and marketing of Huntsman’s patented reactive Super Black dyes in China.

With the agreement in place, Huntsman and Jihua are now selling the Super Black products under their respective trade names. In addition, Huntsman also awarded Jihua Group the right to sub-license its patented Super Black dyes in China.
The strategic alliance is expected to help further strengthen the capabilities of the two companies of serving their customers in China and speed up their expansion in the country. Investment in China’s textile industry grew 1.6 times year-on-year in the first six months of this year to RMB 13.1 billion, pointing to a marked expansion by textile manufacturers, according to China National Textile Apparel Council (CNTAC). This is also expected to result in growing need for chemical solutions.

Huntsman Textile Effects is the leading global provider of high quality dyes and chemicals to the textile and related industries, with six primary manufacturing facilities around the world, including a plant in Panyu, Guangdong Province. The company also operates two formulation distribution centres in Panyu and Hangzhou, Zhejiang Province, as well an R&D centre in Panyu.

Jihua Group is a market leader in China for the manufacture of dyes and intermediates with state-of-the-art facilities. Headquartered in Hangzhou, China, the company owns and operates an intermediate production facility in Jiangsu China.

 

YOU MAY ALSO LIKE

LEAVE A REPLY

Please enter your comment!
Please enter your name here

spot_img

Join Our Weekly Newsletter

- Advertisement - spot_img

Upcoming Events

 

Simillar News

Recent Random

BGCCI organized a Farewell Reception in Honor of His Excellency Mr. Achim TRÖSTER

The Bangladesh-German Chamber of Commerce & Industry (BGCCI) organized a Farewell Reception in Honor of His Excellency Mr. Achim TRÖSTER, the outgoing Ambassador of...

SDC International Announces Revised Dates for C3MFT Exhibition 2025, Dhaka

SDC International announces the rescheduled dates for the highly anticipated C3MFT Exhibition 2025. Originally planned for earlier in 6-8 September 2025, the event will...

BGMEA and GarmentTechBD signed a MoU to collaboratively implement the DPP

The Bangladesh Garment Manufacturers and Exporters Association (BGMEA) and GarmentTechBD.org (Academy of Garments Technology Bangladesh) signed a strategic Memorandum of Understanding (MoU) to collaboratively...