▲Picture: Liao Yao, Chairman of Selen New Materials, and Huang Yingxue, Senior Business Director of Dow Packaging and Specialty Plastics Greater China, signed a strategic cooperation agreement on behalf of both parties
The Dow Corporation (NYSE: DOW), the world’s leading material science company, and Selen New Materials (stock code: 002341), a leading new material company in China for high-performance film materials and precision die-cut components, entered into an agreement in April 2023. On the 18th, a signing ceremony was held, and the two parties reached a strategic partnership in China for the first time. The purpose of this cooperation is to jointly accelerate the development and promotion of soft-pack lithium batteries, and jointly promote the localization of new energy.
As a safe, portable and flexible new energy source, soft-pack lithium batteries are widely used in 3C electronic products, electric vehicles, energy storage devices, etc. However, providing high-quality, stable performance adhesives and integrated adhesive resin and modified resin solutions is a key factor for the upgrading and innovation of the aluminum-plastic film industry. Based on Dow’s powerful R&D platform and one-stop adhesive and resin solutions, it can help the aluminum-plastic film industry to optimize its formula and upgrade its industry. The signing of this strategic cooperation agreement between Dow and Selen New Materials is precisely to commit to the joint progress and common development of the two parties in the soft package lithium battery industry.
Dow one-stop solution:
All-round empowerment of the application of soft-pack lithium batteries in various fields!
Huang YingxueSenior Commercial Director of Dow Packaging and Specialty Plastics Greater China
“Since 2020, Dow and Selen New Materials have cooperated in development for more than three years. With the joint efforts of both parties, we have formed a complete product development certification and quality control process, and made good progress. All certification processes, and began to supply in batches. This signing will continue to deepen the close exchanges and cooperation between the two parties in the field of materials. Dow will also continue to provide comprehensive and high-quality material solutions, enabling Selen New Materials to achieve better future develop.”
Liao Yao, Chairman of Xinlun New Materials
“Over the years, the two parties have established a stable cooperative relationship based on mutual trust, understanding, and tolerance, and have achieved innovative breakthroughs in many fields such as modified particle materials. As the preferred supplier and important partner of Xinlun New Materials First, Dow’s strong R&D capabilities and rich R&D experience have provided strong support for the development of Selen new materials. After that, the two parties will expand the scope and scale of cooperation and contribute to accelerating the localization of new energy.”
The signing of this strategic cooperation agreement will promote the cooperation between the two parties to a higher level. In the future, the two parties will continue to give full play to their respective advantages, further deepen cooperation, promote and improve the integrated soft-pack lithium battery aluminum-plastic film solution, and continue to invest in technological upgrades and innovations in adhesives and special plastics to jointly provide soft-pack lithium batteries. The application and development of aluminum-plastic film increases momentum and energy storage.
About Dow
Dow (NYSE: DOW ) combines global presence, asset integration and economies of scale, focused innovation and materials science expertise, leading business positioning, and environmental, social and governance (ESG) leadership , to achieve profitable growth and build a sustainable future. The company aims to be the world’s leading materials science company that is innovative, customer-oriented, inclusive and sustainable. Dow’s plastics, industrial intermediates, coatings and silicones business portfolio provides a broad range of differentiated technology-based products and solutions to customers in high-growth markets such as packaging, infrastructure, transportation and consumer applications. Dow operates 104 manufacturing bases in 31 countries and regions around the world, with approximately 35,700 employees worldwide. Dow will achieve approximately $55 billion in sales in 2021.
About Xinlun New Materials
Selen New Materials Co., Ltd. (abbreviation: Selen New Materials, stock code: 002341), founded in 2002, is a company that provides high-performance film materials and precision molds for customers in consumer electronics, smart display ports, and automobile manufacturing. A new material enterprise that cuts components, is committed to promoting the localization of new materials and the integration of the industrial chain, and has become one of the best service providers in the field of new materials. The company takes polymer polymerization, high-end precision coating and die-cutting processing technology as the core, and its business covers electronic functional materials, photoelectric display materials, organic silicon materials, new energy materials, precision manufacturing and other fields, providing customers with one-stop solution services .
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