On the afternoon of November 30th, Huafon Group and BASF signed a deepening strategic cooperation agreement in Hangzhou to expand the strategic cooperation between the two parties in the development and promotion of new materials in the field of polyurethane, bio-content fiber, spandex, and automotive applications, in order to accelerate the development and promotion of new materials in the Chinese market. In addition, the two parties will jointly promote BASF's innovative transfer coating technology. The technology can be used in industries such as car interior seats, handbags and footwear in the fashion industry, and furniture. The agreement also stipulates that the leaders of the two sides will meet regularly and conduct strategic dialogues.
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