Press release: Bjørn Thorsen A/S group and Chongqing Techxanadu Industrial Co., Ltd. launch new joint venture to bring sustainable solutions to post-consumer and post-industrial plastic recyclates in China
Copenhagen, Denmark/Chongqing City, China, December 18, 2019 – Customized Compound Solutions A/S (CCS), Nordic Grafting Company A/S (NGC) – both affiliates of the Danish Bjørn Thorsen A/S company (BT) – and Chongqing Techxanadu Industrial Co., Ltd. (TechXanadu) – affiliate of Good Mark Industrial Limited – are pleased to announce the creation of a production and commercialization joint venture in China, Nordic Grafting & Compound Solutions Co., Ltd. (NGCS).
Based on licensing agreements with its European founding partners, NGCS, located in Chongqing, China, 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. Leveraging the expertise, capabilities and market access of its co-owners, NGCS will be scoped to produce advanced specialty compounds and compatibilizers targeted at replacing non-recyclable thermoset solutions with recycled thermoplastic solutions.
These differentiated solutions will be built around the unique features of the Acti-Tech™ compatibilizer range developed by NGC, as well as on some proprietary tailored developments from CCS. NGCS will also aim to contribute to the development of post-consumer and post-industrial plastic recyclates in China, enhancing the quality and properties of these materials. This will undoubtedly enable new application opportunities in collaboration with leading Chinese companies.
“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’, said Victor Li, President for TechXanadu.
The launch of NGCS follows the creation, in February of 2019, of a separate, foundational joint venture, BT Solutions Zhuhai Co., Ltd. (BT Solutions), between BT and TechXanadu, together with Wuhan Creworld Technology Co., Ltd., a subsidiary company of ARTOP DESIGN Group Co., Ltd. BT Solutions, located in Zhuhai, China, represents a major step in the global expansion of BT’s market development, operations and commercialization footprint. Beyond selling some of the products manufactured by NGCS into China, outside of the recycling sector, BT Solutions also serves as a platform for local reselling of BT’s broad portfolio of specialty raw materials, catering to its global customer base.
“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”, said Svend Rimestad, CEO for CCS
About the Bjørn Thorsen A/S group (BTG)
The Bjørn Thorsen group (BTG) is built around the privately-owned Bjørn Thorsen A/S distributor. Its core team focuses on sales of a wide range of products from leading chemical manufacturers to Northern European customers active in diverse end uses in Automotive, Coating, Construction, Industrial, Medical, etc. For more information regarding the distribution portfolio, visit www.bjorn-thorsen.com.
In recent years, BTG has increasingly acted as true solution provider, leveraging its considerable application and processing technology know-how, together with flexible and efficient logistics services from warehouses in several European and other locations around the world. This broader capability is reinforced by the development expertise of its affiliates, Customized Compound Solutions A/S (CCS) and Nordic Grafting Company A/S (NGC) that complement BTG’s offering with their own ranges of customized alloys, compounds and reactive polymers, available globally in response to individual needs. Find out more about BTG affiliates on their websites: www.ccs-nordic.com and www.ngc-nordic.com.
About Chongqing Techxanadu Industrial Co., Ltd. (TechXanadu)
TechXanadu was established in 2017 based on effective manufacturing and innovation-driven development strategy. TechXanadu is jointly owned by three companies: Dong Guan Good Mark industrial Co., Ltd. (Good Mark), ARTOP DESIGN Group Co., Ltd. (ARTOP) and Chongqing Sharing Industrial Investment Co., LTD. TechXanadu’s business scope is to engage in industrial design, consulting, R&D, manufacturing, sales and service of high-precision molds with state-of-the-art manufacturing equipment within 3D printing and automation for targeted industries such as automotive, medical, optical and electronics. Ths company’s registered capital is one hundred million yuan.
About Wuhan Creworld Technology Co., Ltd. (Creworld Tech.)
Established in 2017, Creworld Tech. (a subsidiary company of ARTOP DESIGN Group co., Ltd.) is a private enterprise that specializes in the development and operation of industrial service parks, design project development, cultural industry brand services, mold technology research & development, mold making, innovation & incubation services and resources integration of industrial service industry. In addition, it operates Wuhan “D+M Industrial Design Town”, which has been key investment attraction project of Wuhan since 2017. Its location in Wuhan covers an area of more than 40 acres, approx. 65,000 square meters. www.artopcn.com/en
Posted on 18 December 2019