Subsidiaries of the Danish Bjørn Thorsen (BT) group have established a joint venture with partners in China to produce advanced compounds targeted at replacing non-recyclable thermoset solutions with recycled thermoplastic solutions.
Nordic Grafting & Compound Solutions (NGCS) has been launched by Nordic Grafting Company (NGC) and Customized Compound Solutions (CCS) in partnership with Chongqing Techxanadu Industrial (TechXanadu).
TechXanadu is itself jointly owned by three other companies: Dong Guan Good Mark Industrial, Artop Design Group and Chongqing Sharing Industrial Investment. It engages in industrial design, consulting, R&D, manufacturing, sales and service of high-precision moulds with 3D printing and automation for the automotive, medical, optical and electronics industries.
NGCS, based in Chongqing, will provide BT group affiliates and their Chinese partner with ‘a robust local capability to provide innovative sustainable solutions to the increasingly demanding Chinese market’. It specialises in advanced specialty compounds and compatibilizers targeted at replacing non-recyclable thermoset solutions with recycled thermoplastic solutions.
These solutions will be built around the unique features of the Acti-Tech compatibilizer range developed by NGC and proprietary elements from CCS. NGCS plans to help develop post-consumer and post-industrial plastic recyclates in China, enhancing the quality and properties of these materials.
Second joint venture
The NGCS launch follows the creation in February of a separate joint venture, BT Solutions Zhuhai, between BT and TechXanadu, together with Wuhan Creworld Technology, a subsidiary of Artop.
‘We are particularly happy about the promising prospects of this new collaboration with two key leaders in their respective fields in the Chinese market. We see these new joint ventures as an essential part of our strategy to create a perfect circle of committed partners and collaborators that offer soft materials and sustainable solutions to the Chinese market, as well as to strengthen our global sourcing footprint’, says Svend Rimestad, ceo for CSS and NGC.
‘We are very excited about this reinforced collaboration with our European partners and already placed the order for the first production line for NGCS end of June, to ensure operational start-up around the turn of this year’, says Victor Li, president of TechXanadu.
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