The Furukawa Electric Co. Ltd. and Toray Industries Inc. have reached an agreement to form a sales partnership in China for their foamed polyolefin products. Furukawa Electric (Tianjin) Co Ltd., a China-based subsidiary of Furukawa, will commence the import and sale of Toray's foamed polyolefin products.
This partnership will help both companies to complement their strengths in the foamed polyolefin businesses to achieve further expansion. The sales partnership combines Furukawa's broad array of products and its local sales network in China with Toray's strong product lineup for automotive interior materials, to better serve Chinese users with improved offerings and to boost the sales of both companies' products.
Furukawa deals extensively with foamed polypropylene, microcellular PET foam, biodegradable foam sheets, and other foam products chiefly for building materials and a range of industrial materials, while Toray deals in foamed polyethylene and polypropylene products and other foam products principally used as materials for automotive interiors.
Upon establishing itself in the Chinese markets, the partnership will venture into European and American markets for foamed polyolefin products.