Hengdian Group-BASF Cooperation
On September 10, Hengdian Group and BASF (China) Co., Ltd.—a German chemical company—signed a strategic cooperation agreement. The attendees of BASF included Lou Jianfeng, global president of BASF’s advanced materials and systematic research platform; Zheng Daqing, global senior vice president of Greater China working on business and market development; and Hu Bei, global vice president of Intermediates and Petrochemicals Division in Greater China. The attendees of Hendian Group included Xu Yongan, president of Hengdian Group; directors and vice presidents Xu Wencai, Li Baoping, and Ren Lirong; and vice president He Shijin.
Founded in 1865, BASF is one of the world’s top 500 companies in six major areas: chemicals, materials, industrial solutions, surface treatment technology, nutrition and care, and agricultural solutions. Hengdian Group developed from a silk reeling factory in 1975. After more than 40 years of development, it has become a large-scale private enterprise in China with more than 200 production service-oriented affiliated enterprises and more than 50,000 employees. Xu Yongan said that Hengdian Group is committed to providing innovative and sustainable solutions to its customers. The cooperation and innovation between Hengdian Group and BASF, as a leading chemical enterprise, will promote the development of relevant industries in China.
Lou Jianfeng said that he appreciated the opportunity to cooperate with Hengdian Group to carry out strategic research and development cooperation. The long-term, multi-latitude research and development copperation will stimulate innovation and promote independent innovation and sustainable development in China. (By Chen Yajun, translated by Wei Han, edited by Kendra Fiddler)