Press release: Bjørn Thorsen A/S launches new joint venture with key innovative players in China
Copenhagen, March 1, 2019 – Bjørn Thorsen A/S (BT), Chongqing Techxanadu Industrial Co., Ltd. (TechXanadu) and Wuhan Creworld Technology Co., Ltd (Creworld Tech.) are pleased to announce the creation of their joint venture BT Solutions Zhuhai Co., Ltd (BT Solutions) on February 20, 2019.
BT Solutions, located in the Xiangzhou district of Zhuhai City, China, represents a major step in the global expansion of BT’s market development, operations and commercialization footprint. Capitalizing on its partners’ expertise, capabilities and market access, BT Solutions will provide innovative and tailored responses to the needs of a wide variety of local and international original equipment manufacturers (OEMs) by combining creative design solutions and customized specialty polymeric alloys.
One of the most important priorities of the new joint venture will be to focus on meeting Chinese demands for efficient performance enhancement in plastic recycling, leveraging the unique features of the Acti-Tech™ compatibilizer range developed by BT’s affiliate Nordic Grafting Company A/S (NGC).
BT Solutions will also serve as a platform for the commercialization in China 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 innovative players in the Chinese market”, said Svend Rimestad, Board Chairman for BT Solutions. He added “together with our Chinese partners, we are determined to offer sophisticated solutions to complex challenges of our ever growing list of customers around the world.”
About Bjørn Thorsen A/S (BT)
BT commercializes special raw materials from leading manufacturers (such as BYK, ExxonMobil, Lubrizol, Cabot, Sun Chemicals, Venator, DRT and others), to customers in industries such as Automotive, Coating, Construction, Industrial, Medical, etc. In recent years, BT has increasingly acted as true solution provider, by leveraging its considerable technical and processing know-how, as well as flexible and efficient logistics services from warehouses in several European and other global locations. This broader capability is strongly reinforced by the development expertise of its manufacturing affiliates, Customized Compound Solutions A/S (CCS) and Nordic Grafting Company A/S (NGC) that complement BT’s offering with their proprietary range of tailored alloys, compounds and specialty formulations in response to individual needs.
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 group) and Chongqing Shared Industrial Investment Co., Ltd. (Sha Ping Ba district government investment and financing platform). 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. The company’s registered capital is one hundred million yuan.
About Wuhan Creworld Technology Co., Ltd. (Creworld Tech.)
Established in 2017, Creworld Tech. (a holding subsidiary of ARTOP Group) focuses on the development and operation of industrial service-oriented parks, design project development, cultural industry branding service, mold technology R&D, mold manufacturing, innovative incubation service, and resource integration of industrial service-oriented industries. It operates their brand project “D+M Industrial Design Town” in Wuhan, which constructs six innovative clusters (design innovation, research & application, innovative incubation, industrial chain integration & intelligent industry, education & training, and supporting service) aiming to promote their development with the innovative model called “One Town & Six Clusters”. The purpose is to promote growth of industrial design, mold technology and other industrial service-oriented industries in Wuhan, to fulfill the innovation-driven national strategy, and to become the leading innovative ecosystem platform centers on design innovation in central China, or even the whole country.
For more information about TechXanadu and Creworld Tech., please contact BT at email@example.com.
Posted on 1 March 2019