Woodbridge and Yanfeng have announced a new joint venture taking effect on 24 December 2018.
This new partnership, called Yanfeng Woodbridge Lightweight Composites, strengthens both companies as top automotive suppliers in the manufacturing and selling of particle foam. This collaboration will primarily consist of the production of EPP (Expanded Polypropylene) as well as other bead foam products, for automotive product applications, including automotive seat structures, luggage compartments, steering wheels, door panels, bumpers and other energy absorbing components, automotive packaging and dunnage.
The first manufacturing facility will be located in Jintan, Changzhou, Jiangsu Province, China due to start production in the middle of 2019, servicing several significant automakers and automotive suppliers.
"This collaboration will largely promote the application of lightweight materials in the market, which will make contribution to lightweight development of Chinese automotive market. Meanwhile, we will enhance the vertical integration of our business through this opportunity," said Mr Weizhong, deputy general manager of Yanfeng.
"We are thrilled about this new partnership with Yanfeng to support our valued customers in this growing market. The key strengths of both organisations complement one another and allow for further innovations in lightweight advanced materials to the region." Charles Daly, president and CEO, Woodbridge.